Mobileye Global (NASDAQ:MBLY) Price Target Cut to $16.00 by Analysts at Mizuho

Mobileye Global (NASDAQ:MBLY) had its price target dropped by equities research analysts at Mizuho from $17.00 to $16.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s target price points to a potential downside of 1.90% from the stock’s current price.

Several other research firms have also commented on MBLY. Barclays increased their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Evercore ISI reduced their price objective on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Robert W. Baird lifted 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. Royal Bank of Canada restated a “sector perform” rating and set a $11.00 price target on shares of Mobileye Global in a report on Thursday, December 5th. Finally, UBS Group lifted their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $23.15.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $16.31 on Friday. The company has a market cap of $13.23 billion, a P/E ratio of -4.47, a P/E/G ratio of 10.97 and a beta of 0.30. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $34.00. The firm’s fifty day moving average is $17.80 and its two-hundred day moving average is $16.09.

Mobileye Global (NASDAQ:MBLY) last posted its 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 positive return on equity of 0.63% and a negative net margin of 164.13%. As a group, analysts forecast that Mobileye Global will post -0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BCGM Wealth Management LLC grew its stake in Mobileye Global by 178.0% in the third quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock valued at $2,611,000 after purchasing an additional 122,031 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Mobileye Global by 168.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after acquiring an additional 957,565 shares in the last quarter. Geode Capital Management LLC lifted its position in Mobileye Global by 24.2% during the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after acquiring an additional 279,082 shares during the last quarter. PFG Investments LLC acquired a new stake in Mobileye Global in the third quarter valued at approximately $635,000. Finally, Paloma Partners Management Co purchased a new position in Mobileye Global in the third quarter worth $2,598,000. 13.25% of the stock is owned by institutional investors.

Mobileye Global Company 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.