Versant Capital Management Inc Raises Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Versant Capital Management Inc boosted its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 580.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,326 shares of the company’s stock after buying an additional 1,131 shares during the period. Versant Capital Management Inc’s holdings in Mobileye Global were worth $26,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MBLY. Rakuten Securities Inc. increased its stake in shares of Mobileye Global by 140.2% in the third 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 period. Quarry LP purchased a new position in shares of Mobileye Global in the third quarter valued at about $31,000. Cranbrook Wealth Management LLC bought a new position in shares of Mobileye Global during the second quarter valued at about $84,000. Quest Partners LLC purchased a new stake in Mobileye Global in the 3rd quarter worth approximately $102,000. Finally, EverSource Wealth Advisors LLC increased its position in Mobileye Global by 1,019.9% during the 2nd 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 period. Institutional investors own 13.25% of the company’s stock.

Analyst Ratings Changes

MBLY has been the subject of several research reports. UBS Group lowered Mobileye Global from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $14.00 in a research report on Friday, October 4th. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Canaccord Genuity Group lowered their price target on Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Finally, Loop Capital upped their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.45.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $19.55 on Wednesday. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $34.00. The business has a fifty day moving average price of $17.61 and a 200-day moving average price of $17.24. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of -5.36 and a beta of 0.30.

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.