Mobileye Global (NASDAQ:MBLY) Shares Gap Up on Analyst Upgrade

Mobileye Global Inc. (NASDAQ:MBLY) gapped up before the market opened on Monday after Mizuho raised their price target on the stock from $13.00 to $15.00. The stock had previously closed at $14.99, but opened at $16.18. Mizuho currently has a neutral rating on the stock. Mobileye Global shares last traded at $16.09, with a volume of 3,095,087 shares.

Several other research analysts also recently weighed in on MBLY. Robert W. Baird upped their target price on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Westpark Capital reiterated a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. TD Cowen raised their target price on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 1st. UBS Group lowered Mobileye Global from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $20.00 to $14.00 in a report on Friday, October 4th. Finally, Royal Bank of Canada downgraded shares of Mobileye Global from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $24.00 to $11.00 in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $23.14.

Institutional Trading of Mobileye Global

Hedge funds have recently modified their holdings of the business. Rakuten Securities Inc. lifted its position in shares of Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after acquiring an additional 1,061 shares during the period. Quarry LP acquired a new position in Mobileye Global in the 3rd quarter valued at $31,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Mobileye Global during the second quarter worth $84,000. Natixis Investment Managers International acquired a new position in Mobileye Global in the first quarter valued at $99,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Mobileye Global by 1,019.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after buying an additional 3,478 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Stock Performance

The company’s fifty day moving average price is $13.49 and its two-hundred day moving average price is $19.52. The firm has a market capitalization of $13.59 billion, a PE ratio of -4.59 and a beta of 0.07.

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.