Mobileye Global (NASDAQ:MBLY) Price Target Lowered to $18.00 at Barclays

Mobileye Global (NASDAQ:MBLY) had its price target decreased by Barclays from $19.00 to $18.00 in a report released on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Wolfe Research downgraded shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. BNP Paribas downgraded shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a research report on Wednesday, October 2nd. UBS Group lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $20.00 to $14.00 in a research note on Friday, October 4th. Finally, Royal Bank of Canada downgraded Mobileye Global from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $24.00 to $11.00 in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.20.

Mobileye Global Stock Performance

Shares of Mobileye Global stock opened at $16.51 on Monday. The firm has a market cap of $13.36 billion, a PE ratio of -4.52 and a beta of 0.07. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $44.48. The firm’s 50-day simple moving average is $12.90 and its 200-day simple moving average is $20.40.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in Mobileye Global by 807.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,073,601 shares of the company’s stock worth $254,832,000 after acquiring an additional 8,073,552 shares during the period. Janus Henderson Group PLC purchased a new position in Mobileye Global during the first quarter valued at approximately $69,638,000. 1832 Asset Management L.P. increased its stake in Mobileye Global by 5,308.1% in the 1st quarter. 1832 Asset Management L.P. now owns 2,206,500 shares of the company’s stock valued at $70,939,000 after buying an additional 2,165,700 shares during the period. M&G Plc purchased a new stake in Mobileye Global in the 1st quarter worth approximately $39,709,000. Finally, Thornburg Investment Management Inc. acquired a new position in Mobileye Global in the 1st quarter valued at approximately $28,105,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Company Profile

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.