Mobileye Global (NASDAQ:MBLY) Price Target Raised to $23.00 at Robert W. Baird

Mobileye Global (NASDAQ:MBLY - Free Report) had its price target lifted by Robert W. Baird from $19.00 to $23.00 in a report published on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

MBLY has been the topic of a number of other research reports. UBS Group decreased their target price on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Piper Sandler lifted their target price on Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. BNP Paribas upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company boosted their price target on Mobileye Global from $18.00 to $24.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price target on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mobileye Global currently has an average rating of "Hold" and an average price target of $19.50.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY traded down $0.56 during mid-day trading on Friday, reaching $16.11. The company had a trading volume of 20,515,625 shares, compared to its average volume of 5,761,871. Mobileye Global has a one year low of $10.48 and a one year high of $27.68. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of -4.38, a PEG ratio of 89.76 and a beta of 0.54. The business's 50-day simple moving average is $16.52 and its 200 day simple moving average is $16.07.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. Mobileye Global had a positive return on equity of 0.54% and a negative net margin of 160.50%. The firm had revenue of $438.00 million for the quarter, compared to analysts' expectations of $434.87 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. The business's revenue for the quarter was up 83.3% on a year-over-year basis. On average, sell-side analysts anticipate that Mobileye Global will post 0.01 EPS for the current year.

Insider Transactions at Mobileye Global

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $16.09, for a total value of $1,085,962.37. Following the transaction, the executive vice president directly owned 107,853 shares of the company's stock, valued at approximately $1,735,354.77. The trade was a 38.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers bought a new stake in shares of Mobileye Global during the first quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mobileye Global during the fourth quarter valued at approximately $40,000. Ancora Advisors LLC bought a new stake in shares of Mobileye Global during the fourth quarter valued at approximately $40,000. Allianz SE bought a new stake in shares of Mobileye Global during the fourth quarter valued at approximately $43,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Mobileye Global by 1,795.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,033 shares of the company's stock valued at $60,000 after acquiring an additional 2,873 shares in the last quarter. Institutional investors own 13.25% of the company's stock.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.