Citigroup Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $53.00

Mobileye Global (NASDAQ:MBLY) had its target price decreased by Citigroup from $58.00 to $53.00 in a report released on Monday morning, Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Barclays cut their target price on Mobileye Global from $46.00 to $43.00 and set an overweight rating on the stock in a research note on Friday, January 26th. Royal Bank of Canada decreased their price objective on shares of Mobileye Global from $45.00 to $39.00 and set an outperform rating for the company 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 target price for the stock from $26.00 to $25.00 in a report on Friday, April 26th. Piper Sandler boosted their price target on shares of Mobileye Global from $31.00 to $32.00 and gave the company a neutral rating in a report on Friday, April 26th. Finally, TD Cowen raised their price objective on Mobileye Global from $35.00 to $37.00 and gave the stock a buy rating in a research note on Friday, April 26th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Mobileye Global has an average rating of Moderate Buy and a consensus target price of $40.58.

Mobileye Global Stock Up 4.8 %

MBLY stock opened at $28.87 on Monday. Mobileye Global has a twelve month low of $23.49 and a twelve month high of $47.41. The company has a market cap of $23.28 billion, a P/E ratio of -137.47, a price-to-earnings-growth ratio of 13.02 and a beta of -0.21. The business’s fifty day moving average is $29.32 and its 200-day moving average is $33.22.

Insiders Place Their Bets

In related news, Director Patrick P. Gelsinger acquired 1,611 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $28.17 per share, for a total transaction of $45,381.87. Following the acquisition, the director now directly owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Patrick P. Gelsinger bought 2,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $27.53 per share, for a total transaction of $55,060.00. Following the completion of the acquisition, the director now owns 131,095 shares in the company, valued at $3,609,045.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick P. Gelsinger purchased 1,611 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price of $28.17 per share, with a total value of $45,381.87. Following the purchase, the director now owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Mobileye Global

Hedge funds have recently bought and sold shares of the company. CWM LLC bought a new stake in Mobileye Global in the third quarter valued at approximately $25,000. Principal Securities Inc. bought a new stake in Mobileye Global in the 4th quarter valued at $28,000. Register Financial Advisors LLC acquired a new stake in Mobileye Global during the 1st quarter valued at $32,000. Cary Street Partners Investment Advisory LLC bought a new position in Mobileye Global during the third quarter worth $35,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Mobileye Global by 33.3% in the third quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after purchasing an additional 300 shares during the last quarter. 13.25% of the stock is currently 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.