GSA Capital Partners LLP Purchases New Shares in Mobileye Global Inc. (NASDAQ:MBLY)

GSA Capital Partners LLP acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 40,126 shares of the company’s stock, valued at approximately $550,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MBLY. Cranbrook Wealth Management LLC bought a new stake in shares of Mobileye Global in the 2nd quarter valued at about $84,000. Natixis Investment Managers International acquired a new stake in shares of Mobileye Global in the 1st quarter valued at approximately $99,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Mobileye Global by 1,019.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after buying an additional 3,478 shares during the last quarter. Guinness Atkinson Asset Management Inc boosted its holdings in shares of Mobileye Global by 16.9% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock valued at $119,000 after buying an additional 1,257 shares during the last quarter. Finally, Avitas Wealth Management LLC bought a new stake in Mobileye Global in the 3rd quarter valued at $137,000. 13.25% of the stock is owned by institutional investors.

Mobileye Global Stock Down 0.4 %

MBLY opened at $16.76 on Wednesday. The business has a 50 day moving average of $13.49 and a 200-day moving average of $19.52. The stock has a market cap of $13.59 billion, a PE ratio of -4.59 and a beta of 0.07. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $44.48.

Analysts Set New Price Targets

Several research firms have weighed in on MBLY. BNP Paribas cut Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective on the stock. in a research report on Wednesday, October 2nd. 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. Evercore ISI reduced their target price on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Canaccord Genuity Group reduced their target price on Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $15.00 target price on shares of Mobileye Global in a report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.14.

Mobileye Global 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.