Mobileye Global (NASDAQ:MBLY) Earns Sector Perform Rating from Royal Bank of Canada

Mobileye Global (NASDAQ:MBLY)‘s stock had its “sector perform” rating reissued by investment analysts at Royal Bank of Canada in a research note issued on Tuesday,Benzinga reports. They currently have a $11.00 target price on the stock. Royal Bank of Canada’s price target would suggest a potential downside of 38.99% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Wolfe Research cut Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th. Barclays lowered their price target on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Canaccord Genuity Group cut their price objective on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Morgan Stanley upgraded shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $25.00 to $18.00 in a research note on Friday, August 2nd. Finally, UBS Group cut shares of Mobileye Global from a “buy” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $14.00 in a research note on Friday, October 4th. 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. According to data from MarketBeat, Mobileye Global presently has a consensus rating of “Hold” and an average target price of $23.14.

Mobileye Global Stock Performance

Shares of MBLY opened at $18.03 on Tuesday. The stock’s fifty day moving average is $14.15 and its 200-day moving average is $19.14. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of -4.94 and a beta of 0.07. Mobileye Global has a one year low of $10.48 and a one year high of $44.48.

Institutional Trading of Mobileye Global

Hedge funds have recently bought and sold shares of the stock. Rakuten Securities Inc. boosted its holdings in Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after purchasing an additional 1,061 shares during the period. Quarry LP bought a new position in shares of Mobileye Global during the 3rd quarter worth about $31,000. Cranbrook Wealth Management LLC bought a new position in shares of Mobileye Global during the 2nd quarter worth about $84,000. Quest Partners LLC bought a new position in shares of Mobileye Global during the 3rd quarter worth about $102,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after acquiring an additional 3,478 shares during the period. 13.25% of the stock is owned by institutional investors.

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.