Daymark Wealth Partners LLC Acquires 1,147 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Daymark Wealth Partners LLC increased its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,692 shares of the company’s stock after purchasing an additional 1,147 shares during the period. Daymark Wealth Partners LLC’s holdings in Mobileye Global were worth $233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBLY. Rakuten Securities Inc. boosted its stake 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 valued at $25,000 after purchasing an additional 1,061 shares in the last quarter. Versant Capital Management Inc boosted its position in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Mobileye Global during the fourth quarter worth about $30,000. Quarry LP acquired a new stake in shares of Mobileye Global during the third quarter worth approximately $31,000. Finally, Quest Partners LLC acquired a new stake in Mobileye Global during the 3rd quarter valued at $102,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Down 1.7 %

Shares of NASDAQ MBLY opened at $16.54 on Friday. The company has a market cap of $13.41 billion, a price-to-earnings ratio of -4.53, a PEG ratio of 11.65 and a beta of 0.30. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $34.00. The stock has a 50-day moving average price of $17.86 and a two-hundred day moving average price of $16.38.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Mizuho increased their price objective on shares of Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Oppenheimer initiated coverage on Mobileye Global in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Mobileye Global in a research report on Wednesday, December 11th. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group cut their price objective on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $23.20.

Mobileye Global 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.