Mobileye Global (NASDAQ:MBLY) Shares Up 5.2% – Should You Buy?

Mobileye Global Inc. (NASDAQ:MBLY) shot up 5.2% during trading on Tuesday . The company traded as high as $19.83 and last traded at $19.78. 3,030,811 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 5,166,378 shares. The stock had previously closed at $18.80.

Analysts Set New Price Targets

A number of research firms have weighed in on MBLY. TD Cowen lifted their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $15.00 target price on shares of Mobileye Global in a research report on Tuesday, September 10th. Evercore ISI dropped their price target on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Loop Capital lifted their price objective on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Robert W. Baird increased their target price on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.38.

Mobileye Global Stock Up 4.0 %

The firm has a market cap of $14.64 billion, a P/E ratio of -4.95 and a beta of 0.44. The firm has a fifty day moving average of $15.69 and a 200-day moving average of $18.13.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors and hedge funds have recently modified their holdings of MBLY. Raymond James & Associates grew its holdings in Mobileye Global by 258.7% during the 2nd quarter. Raymond James & Associates now owns 336,417 shares of the company’s stock worth $9,448,000 after acquiring an additional 242,640 shares during the period. Slow Capital Inc. grew its stake in shares of Mobileye Global by 6.5% during the second quarter. Slow Capital Inc. now owns 100,636 shares of the company’s stock worth $2,826,000 after purchasing an additional 6,152 shares during the period. Bank of New York Mellon Corp boosted its stake in Mobileye Global by 4.2% during 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. Verdence Capital Advisors LLC raised its holdings in Mobileye Global by 14.0% in the second quarter. Verdence Capital Advisors LLC now owns 16,498 shares of the company’s stock worth $463,000 after purchasing an additional 2,031 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Mobileye Global by 4.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 682,459 shares of the company’s stock worth $19,167,000 after purchasing an additional 29,470 shares in the last quarter. 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.