Mobileye Global’s (MBLY) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Mobileye Global (NASDAQ:MBLY) in a research note released on Friday morning,Benzinga reports. The brokerage currently has a $20.00 target price on the stock.

Several other analysts have also recently weighed in on the stock. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Mizuho decreased their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday. Oppenheimer started coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price target on shares of Mobileye Global in a research note on Thursday, December 5th. Finally, Robert W. Baird increased their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $23.05.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $16.52 on Friday. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $34.00. The firm has a 50-day moving average price of $17.77 and a 200 day moving average price of $16.02.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a positive return on equity of 0.63% and a negative net margin of 164.13%. As a group, equities analysts anticipate that Mobileye Global will post -0.05 EPS for the current year.

Institutional Investors Weigh In On Mobileye Global

Several hedge funds have recently bought and sold shares of the company. BCGM Wealth Management LLC raised its holdings in shares of Mobileye Global by 178.0% during the third quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock worth $2,611,000 after acquiring an additional 122,031 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Mobileye Global by 168.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after acquiring an additional 957,565 shares during the period. Geode Capital Management LLC raised its holdings in shares of Mobileye Global by 24.2% during the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after acquiring an additional 279,082 shares during the period. PFG Investments LLC acquired a new stake in shares of Mobileye Global during the third quarter worth $635,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Mobileye Global during the third quarter worth $2,598,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.