Piper Sandler Increases Mobileye Global (NASDAQ:MBLY) Price Target to $32.00

Mobileye Global (NASDAQ:MBLY) had its target price hoisted by Piper Sandler from $31.00 to $32.00 in a research note published on Friday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms have also weighed in on MBLY. Royal Bank of Canada cut their price objective on shares of Mobileye Global from $45.00 to $39.00 and set an outperform rating for the company in a research report on Friday, January 26th. Mizuho cut 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. JPMorgan Chase & Co. boosted their price objective 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. Raymond James cut their price objective on shares of Mobileye Global from $48.00 to $40.00 in a research report on Monday, January 22nd. Finally, Barclays lowered their target price on shares of Mobileye Global from $46.00 to $43.00 and set an overweight rating for the company in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $41.70.

Mobileye Global Trading Down 5.5 %

MBLY stock opened at $29.20 on Friday. The company has a market cap of $23.54 billion, a P/E ratio of -139.04, a P/E/G ratio of 14.36 and a beta of -0.21. The company’s 50-day moving average price is $29.23 and its 200 day moving average price is $33.40. Mobileye Global has a 52 week low of $23.49 and a 52 week high of $47.41.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $637.53 million. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.75%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, equities research analysts expect that Mobileye Global will post 0.14 earnings per share for the current year.

Insider Activity at Mobileye Global

In related news, Director Patrick P. Gelsinger purchased 3,600 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of $27.75 per share, with a total value of $99,900.00. Following the completion of the acquisition, the director now directly owns 129,095 shares of the company’s stock, valued at approximately $3,582,386.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Mobileye Global

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC acquired a new stake in shares of Mobileye Global during the third quarter worth $25,000. Principal Securities Inc. acquired a new stake in shares of Mobileye Global during the fourth quarter worth $28,000. Register Financial Advisors LLC acquired a new stake in shares of Mobileye Global in the 1st quarter worth about $32,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Mobileye Global in the 3rd quarter worth about $35,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Mobileye Global by 33.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock worth $50,000 after acquiring an additional 300 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

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.