Mobileye Global (NASDAQ:MBLY) Price Target Increased to $32.00 by Analysts at Piper Sandler

Mobileye Global (NASDAQ:MBLY) had its price target hoisted by Piper Sandler from $31.00 to $32.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on MBLY. Morgan Stanley cut 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 research note on Friday. Needham & Company LLC reaffirmed a buy rating and set a $36.00 target price on shares of Mobileye Global in a report on Friday. JPMorgan Chase & Co. boosted their price target on shares of Mobileye Global from $34.00 to $38.00 and gave the company an overweight rating in a report on Thursday, April 11th. Canaccord Genuity Group boosted their price objective on shares of Mobileye Global from $31.00 to $37.00 and gave the company a buy rating in a research report on Friday. Finally, Wolfe Research raised shares of Mobileye Global from a peer perform rating to an outperform rating and set a $41.00 price objective on the stock in a research report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Mobileye Global has a consensus rating of Moderate Buy and a consensus target price of $41.70.

Mobileye Global Trading Down 5.5 %

Shares of NASDAQ:MBLY opened at $29.20 on Friday. The firm has a market cap of $23.54 billion, a price-to-earnings ratio of -139.04, a P/E/G ratio of 14.36 and a beta of -0.21. Mobileye Global has a 1 year low of $23.49 and a 1 year high of $47.41. The business has a fifty day simple moving average of $29.23 and a 200 day simple moving average of $33.40.

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

Insiders Place Their Bets

In other Mobileye Global news, Director Patrick P. Gelsinger bought 3,600 shares of Mobileye Global stock in a transaction dated Monday, January 29th. The stock was purchased at an average price 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 of the company’s stock, valued at $3,582,386.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC purchased a new position in Mobileye Global in the 3rd quarter worth approximately $25,000. Principal Securities Inc. purchased a new position in Mobileye Global in the 4th quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC purchased a new position in Mobileye Global in the 3rd quarter worth approximately $35,000. Register Financial Advisors LLC bought a new stake in shares of Mobileye Global in the 1st quarter worth approximately $32,000. Finally, Venturi Wealth Management LLC lifted 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 last quarter. Hedge funds and other 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.