Mobileye Global (NASDAQ:MBLY) Given Sector Perform Rating at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Mobileye Global (NASDAQ:MBLY) in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a $11.00 target price on the stock.

Several other research analysts have also recently issued reports on MBLY. Evercore ISI lowered 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. Westpark Capital restated a “hold” rating on shares of Mobileye Global in a report on Wednesday, July 31st. The Goldman Sachs Group lowered their target price on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Morgan Stanley upgraded shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $25.00 to $18.00 in a report on Friday, August 2nd. Finally, Mizuho upped their target price on shares of Mobileye Global from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.14.

Mobileye Global Trading Down 3.1 %

Shares of NASDAQ:MBLY opened at $17.92 on Tuesday. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $44.48. The company’s 50 day moving average is $14.03 and its two-hundred day moving average is $19.21. The company has a market cap of $14.53 billion, a PE ratio of -4.91 and a beta of 0.07.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rakuten Securities Inc. lifted its position in shares of Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after buying an additional 1,061 shares during the last quarter. Quarry LP acquired a new stake in Mobileye Global during the third quarter worth about $31,000. Cranbrook Wealth Management LLC bought a new position in Mobileye Global in the second quarter worth about $84,000. Quest Partners LLC acquired a new position in Mobileye Global in the third quarter valued at approximately $102,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Mobileye Global by 1,019.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after purchasing an additional 3,478 shares during the last quarter. 13.25% of the stock is currently 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.