The Goldman Sachs Group Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $17.00

Mobileye Global (NASDAQ:MBLY) had its target price decreased by The Goldman Sachs Group from $20.00 to $17.00 in a research report sent to investors on Thursday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on MBLY. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research report on Wednesday, March 26th. Piper Sandler upped their price target on Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Barclays raised their price objective on Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Mizuho reduced their price target on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY opened at $12.95 on Thursday. The company has a market capitalization of $10.50 billion, a PE ratio of -3.39, a price-to-earnings-growth ratio of 69.54 and a beta of 0.39. The stock has a fifty day moving average of $15.47 and a 200-day moving average of $15.90. Mobileye Global has a one year low of $10.48 and a one year high of $33.26.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. As a group, research analysts forecast that Mobileye Global will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

A number of institutional investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust raised its stake in Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after purchasing an additional 737 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of Mobileye Global in the first quarter valued at about $27,000. FNY Investment Advisers LLC bought a new position in Mobileye Global during the fourth quarter valued at about $30,000. Finally, Quarry LP bought a new position in Mobileye Global during the third quarter valued at about $31,000. 13.25% of the stock is currently owned by institutional investors.

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.