Mobileye Global Inc. (NASDAQ:MBLY) Receives $41.58 Consensus Target Price from Brokerages

Mobileye Global Inc. (NASDAQ:MBLY) has received an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $40.58.

Several analysts recently weighed in on the stock. Raymond James reduced their price objective on shares of Mobileye Global from $48.00 to $40.00 in a research note on Monday, January 22nd. Mizuho reduced their price objective on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Royal Bank of Canada decreased their target price on Mobileye Global from $45.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Robert W. Baird decreased their price target on shares of Mobileye Global from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. increased their price objective on Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th.

Mobileye Global Trading Up 4.8 %

NASDAQ:MBLY opened at $28.87 on Monday. Mobileye Global has a 1-year low of $23.49 and a 1-year high of $47.41. The stock has a market cap of $23.28 billion, a P/E ratio of -137.47, a price-to-earnings-growth ratio of 13.02 and a beta of -0.21. The stock’s 50-day moving average is $29.32 and its 200-day moving average is $33.22.

Insiders Place Their Bets

In other Mobileye Global news, Director Patrick P. Gelsinger purchased 1,611 shares of the stock in a transaction dated Wednesday, May 1st. The shares were bought at an average price of $28.17 per share, with a total value of $45,381.87. Following the completion of the transaction, the director now directly owns 132,706 shares in the company, valued at approximately $3,738,328.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Mobileye Global news, Director Patrick P. Gelsinger bought 2,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were acquired at an average cost of $27.53 per share, for a total transaction of $55,060.00. Following the purchase, the director now directly owns 131,095 shares of the company’s stock, valued at $3,609,045.35. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Patrick P. Gelsinger acquired 1,611 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of $28.17 per share, with a total value of $45,381.87. Following the acquisition, the director now directly owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Mobileye Global

A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC bought a new stake in Mobileye Global during the third quarter worth about $211,000. Natixis Advisors L.P. grew its holdings in shares of Mobileye Global by 166.9% in the third quarter. Natixis Advisors L.P. now owns 87,547 shares of the company’s stock worth $3,638,000 after purchasing an additional 54,745 shares during the last quarter. TrueMark Investments LLC bought a new stake in Mobileye Global in the 4th quarter worth $1,662,000. Platinum Investment Management Ltd. increased its holdings in Mobileye Global by 207.4% during the 3rd quarter. Platinum Investment Management Ltd. now owns 998,827 shares of the company’s stock valued at $41,501,000 after purchasing an additional 673,906 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Mobileye Global during the third quarter valued at approximately $35,374,000. 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.