Mobileye Global (NASDAQ:MBLY) Price Target Increased to $37.00 by Analysts at Canaccord Genuity Group

Mobileye Global (NASDAQ:MBLY) had its target price raised by research analysts at Canaccord Genuity Group from $31.00 to $37.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 19.74% from the stock’s current price.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Mizuho cut their price target on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Morgan Stanley lowered shares of Mobileye Global from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $26.00 to $25.00 in a report on Friday. Barclays cut their price target on shares of Mobileye Global from $46.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Finally, TD Cowen lifted their price target on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.29.

Mobileye Global Trading Down 0.7 %

Shares of MBLY opened at $30.90 on Friday. Mobileye Global has a 12 month low of $23.49 and a 12 month high of $47.41. The firm’s 50 day moving average is $29.16 and its 200-day moving average is $33.47. The stock has a market capitalization of $24.91 billion, a PE ratio of -772.31, a P/E/G ratio of 14.47 and a beta of -0.21.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $637.00 million for the quarter, compared to analyst estimates of $637.53 million. Mobileye Global had a negative net margin of 1.30% and a positive return on equity of 2.91%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Equities research analysts predict that Mobileye Global will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Mobileye Global

In related news, Director Patrick P. Gelsinger bought 3,600 shares of the company’s stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the purchase, the director now directly owns 129,095 shares in the company, valued at $3,582,386.25. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of Mobileye Global

Several hedge funds and other institutional investors have recently modified their holdings of MBLY. Norges Bank bought a new stake in shares of Mobileye Global in the fourth quarter valued at approximately $437,842,000. Kodai Capital Management LP bought a new position in shares of Mobileye Global in the 4th quarter worth $148,924,000. Wellington Management Group LLP increased its holdings in shares of Mobileye Global by 200.3% in the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock worth $147,210,000 after buying an additional 2,266,438 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Mobileye Global by 4,749.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,115,030 shares of the company’s stock worth $46,329,000 after buying an additional 1,092,035 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Mobileye Global in the 3rd quarter worth $37,345,000. Institutional investors own 13.25% of the company’s stock.

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.