Mobileye Global’s (MBLY) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Mobileye Global (NASDAQ:MBLY) in a report published on Wednesday,Benzinga reports. Needham & Company LLC currently has a $20.00 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. Oppenheimer began coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price objective for the company. Piper Sandler upped their price objective on Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 target price on shares of Mobileye Global in a research note on Thursday, December 5th. Bank of America upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $12.00 to $19.00 in a report on Monday, February 10th. Finally, Mizuho dropped their price target on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.24.

Mobileye Global Price Performance

NASDAQ MBLY opened at $15.11 on Wednesday. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $34.00. The company has a market cap of $12.25 billion, a PE ratio of -3.96, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. The stock’s 50 day simple moving average is $16.06 and its 200-day simple moving average is $15.73.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. On average, equities research analysts anticipate that Mobileye Global will post 0.01 EPS for the current fiscal year.

Institutional Trading of Mobileye Global

Large investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its stake in Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after acquiring an additional 737 shares during the last quarter. Versant Capital Management Inc raised its position in shares of 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. FNY Investment Advisers LLC purchased a new stake in Mobileye Global in the 4th quarter valued at approximately $30,000. Quarry LP purchased a new position in Mobileye Global during the third quarter worth $31,000. Finally, Global Retirement Partners LLC lifted its position in shares of Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after acquiring an additional 932 shares in the last quarter. 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.