Tigress Financial Reiterates Buy Rating for Mobileye Global (NASDAQ:MBLY)

Mobileye Global (NASDAQ:MBLY)‘s stock had its “buy” rating reaffirmed by research analysts at Tigress Financial in a note issued to investors on Thursday,Benzinga reports. They presently have a $25.00 price target on the stock. Tigress Financial’s target price suggests a potential upside of 172.33% from the stock’s previous close.

Several other brokerages also recently issued reports on MBLY. Wolfe Research downgraded Mobileye Global from an “outperform” rating to a “peer perform” rating in a report on Monday, January 12th. Canaccord Genuity Group reduced their price target on Mobileye Global from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Mizuho decreased their price objective on shares of Mobileye Global from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Hsbc Global Res upgraded Mobileye Global to a “strong-buy” rating in a research note on Friday, January 23rd. Finally, The Goldman Sachs Group decreased their price target on shares of Mobileye Global from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.89.

Mobileye Global Trading Down 3.5%

Shares of MBLY traded down $0.33 during mid-day trading on Thursday, hitting $9.18. 8,052,948 shares of the company traded hands, compared to its average volume of 13,725,149. The business has a 50-day moving average of $10.92 and a 200 day moving average of $13.01. Mobileye Global has a one year low of $9.10 and a one year high of $20.18. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of -18.66, a PEG ratio of 4.50 and a beta of 0.57.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $446.00 million for the quarter, compared to analyst estimates of $430.69 million. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. As a group, analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in shares of Mobileye Global by 465.7% in the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock worth $26,000 after purchasing an additional 1,495 shares in the last quarter. Rhumbline Advisers purchased a new stake in Mobileye Global during the first quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Mobileye Global in the second quarter worth $31,000. Financial Management Professionals Inc. bought a new position in shares of Mobileye Global in the fourth quarter valued at approximately $32,000. Finally, Brown Brothers Harriman & Co. increased its stake in Mobileye Global by 8,500.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,182 shares of the company’s stock worth $45,000 after acquiring an additional 3,145 shares during the last quarter. Institutional investors own 13.25% of the company’s stock.

About Mobileye Global

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.