Robert W. Baird Forecasts Strong Price Appreciation for Mobileye Global (NASDAQ:MBLY) Stock

Mobileye Global (NASDAQ:MBLY) had its price objective raised by investment analysts at Robert W. Baird from $17.00 to $18.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 15.61% from the stock’s previous close.

MBLY has been the topic of several other reports. Royal Bank of Canada cut shares of Mobileye Global from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $24.00 to $11.00 in a report on Tuesday, October 15th. Daiwa Capital Markets downgraded Mobileye Global from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Evercore ISI lowered their price target on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Morgan Stanley raised shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $25.00 to $18.00 in a research report on Friday, August 2nd. Finally, BNP Paribas lowered shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Mobileye Global has an average rating of “Hold” and an average price target of $23.25.

Mobileye Global Stock Up 14.4 %

Shares of Mobileye Global stock opened at $15.57 on Friday. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $44.48. The stock has a market cap of $12.60 billion, a PE ratio of -4.27 and a beta of 0.07. The business has a fifty day simple moving average of $12.77 and a 200-day simple moving average of $20.82.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a positive return on equity of 0.60% and a negative net margin of 164.13%. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $424.34 million. During the same quarter in the prior year, the company earned $0.11 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts expect that Mobileye Global will post -0.06 EPS for the current fiscal year.

Insider Buying and Selling

In other Mobileye Global news, Director Patrick P. Gelsinger acquired 6,400 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the transaction, the director now owns 139,106 shares in the company, valued at $2,153,360.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Mobileye Global

A number of hedge funds and other institutional investors have recently made changes to their positions in MBLY. Cranbrook Wealth Management LLC bought a new stake in Mobileye Global during the 2nd quarter worth about $84,000. Natixis Investment Managers International bought a new stake in shares of Mobileye Global during the first quarter valued at approximately $99,000. EverSource Wealth Advisors LLC increased its holdings in shares of Mobileye Global by 1,019.9% in the second 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 in the last quarter. Guinness Atkinson Asset Management Inc raised its position in Mobileye Global by 16.9% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after purchasing an additional 1,257 shares during the last quarter. Finally, Avitas Wealth Management LLC acquired a new position in Mobileye Global during the 3rd quarter worth $137,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.