Mobileye Global’s (MBLY) Equal Weight Rating Reiterated at Barclays

Mobileye Global (NASDAQ:MBLY)‘s stock had its “equal weight” rating reiterated by Barclays in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a $14.00 target price on the stock, down from their prior target price of $22.00. Barclays‘s target price would indicate a potential upside of 13.82% from the stock’s current price.

A number of other research firms have also commented on MBLY. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Mobileye Global in a research note on Wednesday, March 26th. Robert W. Baird dropped their price objective on shares of Mobileye Global from $25.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday. Oppenheimer assumed coverage on Mobileye Global in a research report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 target price on the stock. The Goldman Sachs Group reduced their price objective on Mobileye Global from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, UBS Group reduced their target price on Mobileye Global from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.55.

Mobileye Global Stock Performance

MBLY opened at $12.30 on Tuesday. The stock has a 50-day moving average of $15.25 and a 200-day moving average of $15.86. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $33.26. The company has a market cap of $9.98 billion, a PE ratio of -3.22, a price-to-earnings-growth ratio of 69.54 and a beta of 0.39.

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

Hedge Funds Weigh In On Mobileye Global

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its holdings in shares of Mobileye Global by 4.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company’s stock valued at $283,101,000 after buying an additional 621,062 shares during the last quarter. Norges Bank acquired a new position in shares of Mobileye Global during the fourth quarter worth approximately $95,937,000. Primecap Management Co. CA increased its holdings in shares of Mobileye Global by 2.3% in the fourth quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company’s stock valued at $35,944,000 after purchasing an additional 40,000 shares in the last quarter. Vanguard Group Inc. raised its position in Mobileye Global by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company’s stock worth $34,181,000 after purchasing an additional 45,756 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Mobileye Global by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company’s stock valued at $30,569,000 after buying an additional 8,340 shares during the last quarter. Institutional investors 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.