Mobileye Global (NASDAQ:MBLY) Upgraded at Bank of America

Bank of America upgraded shares of Mobileye Global (NASDAQ:MBLY) from an underperform rating to a neutral rating in a report released on Monday, Marketbeat reports. They currently have $19.00 target price on the stock, up from their prior target price of $12.00.

Several other equities analysts also recently issued reports on MBLY. UBS Group boosted their price objective on Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a research report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $11.00 target price on shares of Mobileye Global in a research report on Thursday, December 5th. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Evercore ISI cut their target price on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.86.

Mobileye Global Trading Down 2.7 %

NASDAQ:MBLY opened at $16.72 on Monday. The firm has a market capitalization of $13.56 billion, a PE ratio of -4.38, a price-to-earnings-growth ratio of 20.12 and a beta of 0.26. The stock has a 50 day moving average of $17.57 and a 200-day moving average of $15.54. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $34.00.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.33% and a negative net margin of 186.82%. As a group, analysts predict that Mobileye Global will post 0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. boosted its holdings in Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after purchasing an additional 737 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Mobileye Global by 580.0% in the fourth 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 in the last quarter. FNY Investment Advisers LLC bought a new stake in Mobileye Global in the fourth quarter worth $30,000. Finally, Quarry LP bought a new stake in Mobileye Global in the third quarter worth $31,000. 13.25% of the stock is owned by institutional investors and hedge funds.

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.