Mobileye Global Inc. (NASDAQ:MBLY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been given a consensus recommendation of “Hold” by the twenty-four ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $23.45.

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Mobileye Global in a research report on Wednesday, December 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th. Evercore ISI cut their target price on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Canaccord Genuity Group reduced their price objective on Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Mobileye Global Trading Up 8.4 %

Shares of MBLY stock opened at $21.70 on Friday. The company has a market cap of $17.60 billion, a PE ratio of -5.95 and a beta of 0.30. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $34.00. The business’s fifty day simple moving average is $17.30 and its 200-day simple moving average is $17.44.

Hedge Funds Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. raised 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 worth $25,000 after purchasing an additional 1,061 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after acquiring an additional 1,131 shares during the last quarter. Quarry LP purchased a new position in shares of Mobileye Global in the third quarter valued at approximately $31,000. Cranbrook Wealth Management LLC purchased a new stake in shares of Mobileye Global during the second quarter worth approximately $84,000. Finally, Quest Partners LLC acquired a new position in Mobileye Global in the 3rd quarter valued at $102,000. 13.25% of the stock is 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.