Mobileye Global (NASDAQ:MBLY) Given New $17.00 Price Target at Piper Sandler

Mobileye Global (NASDAQ:MBLY) had its price target raised by Piper Sandler from $16.00 to $17.00 in a report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on MBLY. The Goldman Sachs Group boosted their target price on shares of Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, February 24th. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. Mizuho dropped their target price on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Loop Capital boosted their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Oppenheimer assumed coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eleven 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 a consensus rating of “Hold” and an average target price of $22.24.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY opened at $14.56 on Thursday. The firm has a market cap of $11.81 billion, a PE ratio of -3.81, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. The firm’s fifty day moving average is $16.11 and its 200-day moving average is $15.63. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $34.00.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. Sell-side analysts forecast that Mobileye Global will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Mobileye Global

Several hedge funds and other institutional investors have recently made changes to their positions in MBLY. Parkside Financial Bank & Trust increased its position in shares of Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after acquiring an additional 737 shares in the last quarter. Versant Capital Management Inc grew its position in Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after purchasing an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Mobileye Global in the 4th quarter worth about $30,000. Quarry LP bought a new stake in Mobileye Global in the 3rd quarter worth about $31,000. Finally, Global Retirement Partners LLC grew its position in Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after purchasing an additional 932 shares in the last quarter. 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.