Mobileye Global (NASDAQ:MBLY) Now Covered by Oppenheimer

Stock analysts at Oppenheimer initiated coverage on shares of Mobileye Global (NASDAQ:MBLY) in a note issued to investors on Wednesday,Benzinga reports. The brokerage set an “outperform” rating and a $28.00 price target on the stock. Oppenheimer’s price objective would suggest a potential upside of 67.36% from the stock’s current price.

A number of other research firms also recently issued reports on MBLY. Barclays dropped their price objective on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a report on Wednesday, December 11th. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. Robert W. Baird upped their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group lowered their price objective on Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Two research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $23.67.

Mobileye Global Stock Performance

NASDAQ MBLY opened at $16.73 on Wednesday. Mobileye Global has a one year low of $10.48 and a one year high of $34.00. The stock has a 50-day moving average of $17.81 and a 200 day moving average of $16.85. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of -4.58, a PEG ratio of 13.46 and a beta of 0.30.

Institutional Trading of Mobileye Global

A number of institutional investors have recently bought and sold shares of MBLY. Rakuten Securities Inc. boosted its stake in shares of Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares during the period. Versant Capital Management Inc grew its stake in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares during the last quarter. Guinness Atkinson Asset Management Inc lifted its stake in shares of Mobileye Global by 16.9% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after acquiring an additional 1,257 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Mobileye Global in the 4th quarter valued at $30,000. Finally, Tidal Investments LLC increased its stake in Mobileye Global by 4.6% in the third quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after purchasing an additional 1,617 shares during the period. 13.25% of the stock is currently 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.