Mobileye Global’s (MBLY) Sector Perform Rating Reiterated at Royal Bank of Canada

Mobileye Global (NASDAQ:MBLY)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank of Canada in a report issued on Thursday,Benzinga reports. They presently have a $11.00 price target on the stock. Royal Bank of Canada’s price objective points to a potential downside of 35.29% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird boosted their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Mizuho boosted their price target on Mobileye Global from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Barclays dropped their price objective on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Canaccord Genuity Group reduced their target price on Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Loop Capital initiated coverage on Mobileye Global in a research note on Tuesday, November 12th. They issued a “buy” rating and a $20.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mobileye Global has an average rating of “Hold” and an average price target of $23.14.

Mobileye Global Stock Down 0.6 %

Shares of NASDAQ MBLY opened at $17.00 on Thursday. The firm’s fifty day moving average is $14.89 and its 200 day moving average is $18.67. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $44.48. The company has a market cap of $13.79 billion, a price-to-earnings ratio of -4.66 and a beta of 0.44.

Hedge Funds Weigh In On Mobileye Global

Several large investors have recently modified their holdings of MBLY. Vanguard Group Inc. increased its stake in Mobileye Global by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 1,175,404 shares of the company’s stock valued at $37,789,000 after purchasing an additional 17,692 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Mobileye Global during the first quarter valued at approximately $3,540,000. InTrack Investment Management Inc bought a new stake in shares of Mobileye Global during the second quarter valued at approximately $214,000. M&G Plc raised its holdings in Mobileye Global by 8.9% in the 2nd quarter. M&G Plc now owns 1,350,945 shares of the company’s stock worth $37,826,000 after acquiring an additional 110,032 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Mobileye Global by 59.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 107,207 shares of the company’s stock valued at $3,011,000 after acquiring an additional 39,918 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.