Mobileye Global (NASDAQ:MBLY) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer started coverage on shares of Mobileye Global (NASDAQ:MBLY) in a report published on Wednesday,Benzinga reports. The firm issued an outperform rating and a $28.00 price objective on the stock.

A number of other research firms also recently weighed in on MBLY. Robert W. Baird lifted their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. UBS Group downgraded Mobileye Global from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $14.00 in a research note on Friday, October 4th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research note on Wednesday, December 11th. BNP Paribas cut shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 target price for the company. in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group cut their price target on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Two 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. According to data from MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and an average target price of $23.67.

Mobileye Global Stock Up 3.7 %

Shares of Mobileye Global stock opened at $16.73 on Wednesday. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of -4.58, a price-to-earnings-growth ratio of 13.46 and a beta of 0.30. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $34.00. The company has a 50-day simple moving average of $17.81 and a two-hundred day simple moving average of $16.85.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC raised its stake in shares of Mobileye Global by 100.0% during the fourth quarter. Sanders Morris Harris LLC now owns 40,000 shares of the company’s stock valued at $801,000 after acquiring an additional 20,000 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Mobileye Global during the 4th quarter worth $30,000. Versant Capital Management Inc raised its position in Mobileye Global by 580.0% during 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 during the last quarter. Tidal Investments LLC lifted its holdings in Mobileye Global by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after buying an additional 1,617 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Mobileye Global in the 3rd quarter valued at about $273,000. 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.