Mobileye Global Inc. (NASDAQ:MBLY) Given Consensus Recommendation of “Hold” by Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has earned an average recommendation of “Hold” from the twenty-six brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $23.14.

A number of equities analysts have recently issued reports on MBLY shares. Canaccord Genuity Group dropped 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 note on Friday, November 1st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.00 target price (down previously from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Robert W. Baird boosted their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Loop Capital started coverage on Mobileye Global in a research report on Tuesday, November 12th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Evercore ISI reduced their target price on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, October 14th.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $17.51 on Tuesday. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $44.48. The company has a 50-day moving average of $14.96 and a 200 day moving average of $18.47. The firm has a market cap of $14.20 billion, a PE ratio of -4.80 and a beta of 0.43.

Institutional Investors Weigh In On Mobileye Global

A number of hedge funds and other institutional investors have recently made changes to their positions in MBLY. Tidal Investments LLC boosted its holdings in Mobileye Global by 4.6% during the third quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after buying an additional 1,617 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Mobileye Global in the 3rd quarter valued at about $273,000. Virtu Financial LLC purchased a new position in Mobileye Global during the third quarter worth approximately $229,000. TCW Group Inc. grew its holdings in Mobileye Global by 0.8% in the third quarter. TCW Group Inc. now owns 412,651 shares of the company’s stock valued at $5,653,000 after purchasing an additional 3,388 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Mobileye Global by 24.2% in the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after buying an additional 279,082 shares in the last quarter. Institutional investors and hedge funds 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.