Needham & Company LLC Lowers Mobileye Global (NASDAQ:MBLY) Price Target to $20.00

Mobileye Global (NASDAQ:MBLY) had its price objective lowered by Needham & Company LLC from $25.00 to $20.00 in a research note released on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also issued reports on the stock. Daiwa America lowered shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a report on Monday, August 5th. Wolfe Research downgraded shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th. Robert W. Baird lifted their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday. Fox Advisors lowered Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley raised Mobileye Global from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $25.00 to $18.00 in a research report on Friday, August 2nd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mobileye Global has an average rating of “Hold” and a consensus price target of $23.20.

Mobileye Global Trading Down 6.4 %

Shares of NASDAQ:MBLY opened at $14.57 on Friday. Mobileye Global has a one year low of $10.48 and a one year high of $44.48. The business’s fifty day moving average price is $12.77 and its two-hundred day moving average price is $20.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Entropy Technologies LP raised its holdings in shares of Mobileye Global by 102.8% during the 3rd quarter. Entropy Technologies LP now owns 18,658 shares of the company’s stock valued at $256,000 after buying an additional 9,459 shares during the period. Patten & Patten Inc. TN grew its position in Mobileye Global by 5.8% in the third quarter. Patten & Patten Inc. TN now owns 103,150 shares of the company’s stock valued at $1,413,000 after acquiring an additional 5,620 shares in the last quarter. Atria Investments Inc raised its stake in shares of Mobileye Global by 168.7% during the third quarter. Atria Investments Inc now owns 26,860 shares of the company’s stock valued at $368,000 after purchasing an additional 16,862 shares during the period. ARK Investment Management LLC lifted its position in shares of Mobileye Global by 7.7% during the third quarter. ARK Investment Management LLC now owns 74,878 shares of the company’s stock worth $1,026,000 after purchasing an additional 5,323 shares in the last quarter. Finally, Malaga Cove Capital LLC purchased a new position in shares of Mobileye Global in the third quarter valued at $305,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.