Mobileye Global (NASDAQ:MBLY) Earns “Sector Perform” Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Mobileye Global (NASDAQ:MBLY) in a research note published on Tuesday,Benzinga reports. Royal Bank of Canada currently has a $11.00 price target on the stock.

MBLY has been the subject of several other reports. Morgan Stanley upgraded Mobileye Global from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $25.00 to $18.00 in a report on Friday, August 2nd. Wolfe Research cut Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Loop Capital started coverage on Mobileye Global in a research report on Tuesday, November 12th. They issued a “buy” rating and a $20.00 target price on the stock. TD Cowen raised their target price on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, BNP Paribas cut Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 target price on the stock. in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $23.14.

Mobileye Global Stock Performance

NASDAQ MBLY opened at $18.05 on Tuesday. Mobileye Global has a one year low of $10.48 and a one year high of $44.48. The stock has a 50-day moving average of $14.37 and a 200 day moving average of $19.13. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of -4.95 and a beta of 0.07.

Institutional Trading of Mobileye Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in Mobileye Global by 49.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after purchasing an additional 4,517,217 shares during the period. Bank of New York Mellon Corp increased its stake in Mobileye Global by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,347,269 shares of the company’s stock worth $65,923,000 after acquiring an additional 94,946 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Mobileye Global in the 1st quarter worth approximately $69,638,000. Loomis Sayles & Co. L P increased its stake in Mobileye Global by 85.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock worth $22,856,000 after acquiring an additional 768,169 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Mobileye Global by 168.4% in the 3rd 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 last quarter. Institutional investors own 13.25% of the company’s stock.

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.