Needham & Company LLC assumed coverage on shares of Mobileye NV (NYSE:MBLY) in a note issued to investors on Wednesday. The firm set a “buy” rating on the stock.

A number of other analysts have also recently issued reports on the stock. CLSA reiterated a “buy” rating and issued a $58.00 target price on shares of Mobileye NV in a research note on Wednesday. Wells Fargo & Co. reissued an “outperform” rating and issued a $52.50 price target on shares of Mobileye NV in a research report on Saturday, November 19th. Zacks Investment Research lowered shares of Mobileye NV from a “hold” rating to a “sell” rating in a research report on Friday, November 18th. Barclays PLC reissued a “buy” rating and issued a $60.00 price target on shares of Mobileye NV in a research report on Wednesday, November 16th. Finally, Piper Jaffray Cos. set a $60.00 price target on shares of Mobileye NV and gave the company a “buy” rating in a research report on Thursday, October 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $53.68.

Analyst Recommendations for Mobileye NV (NYSE:MBLY)

Mobileye NV (NYSE:MBLY) traded down 0.83% on Wednesday, hitting $37.23. 2,204,343 shares of the stock were exchanged. Mobileye NV has a 1-year low of $23.57 and a 1-year high of $51.15. The stock has a market cap of $8.19 billion, a PE ratio of 93.07 and a beta of 0.96. The company’s 50 day moving average is $38.05 and its 200 day moving average is $42.07.

Mobileye NV (NYSE:MBLY) last posted its earnings results on Tuesday, November 15th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. The firm earned $94.90 million during the quarter, compared to analysts’ expectations of $89.51 million. Mobileye NV had a net margin of 29.07% and a return on equity of 16.36%. The company’s revenue was up 34.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. On average, equities research analysts expect that Mobileye NV will post $0.71 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. First Republic Investment Management Inc. increased its position in shares of Mobileye NV by 76.3% in the first quarter. First Republic Investment Management Inc. now owns 18,291 shares of the company’s stock valued at $682,000 after buying an additional 7,919 shares during the period. Squarepoint Ops LLC bought a new position in shares of Mobileye NV during the first quarter valued at about $571,000. HighPoint Advisor Group LLC bought a new position in shares of Mobileye NV during the third quarter valued at about $200,000. Envestnet Asset Management Inc. increased its position in shares of Mobileye NV by 4.1% in the first quarter. Envestnet Asset Management Inc. now owns 31,459 shares of the company’s stock valued at $1,173,000 after buying an additional 1,250 shares during the period. Finally, BlackRock Fund Advisors increased its position in shares of Mobileye NV by 1.4% in the first quarter. BlackRock Fund Advisors now owns 612,779 shares of the company’s stock valued at $22,851,000 after buying an additional 8,602 shares during the period. Institutional investors and hedge funds own 71.93% of the company’s stock.

Mobileye NV Company Profile

Mobileye N.V. is engaged in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems (ADAS) and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing (OEM) and aftermarket (AM).

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