Mobileye Global (NASDAQ:MBLY) Upgraded at BNP Paribas

BNP Paribas upgraded shares of Mobileye Global (NASDAQ:MBLY) from an underperform rating to a neutral rating in a report published on Wednesday, MarketBeat reports. They currently have $11.00 target price on the stock.

Other analysts have also issued reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Mobileye Global in a research note on Wednesday, March 26th. Piper Sandler increased their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. UBS Group cut their price target on Mobileye Global from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Finally, Oppenheimer assumed coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price objective for the company. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mobileye Global has a consensus rating of “Hold” and a consensus target price of $20.35.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY opened at $15.14 on Wednesday. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $33.26. The firm has a market capitalization of $12.28 billion, a PE ratio of -3.96, a price-to-earnings-growth ratio of 69.54 and a beta of 0.39. The business has a 50 day simple moving average of $14.58 and a two-hundred day simple moving average of $15.86.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The firm had revenue of $438.00 million during the quarter, compared to analyst estimates of $434.87 million. Equities research analysts expect that Mobileye Global will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Mobileye Global

A number of hedge funds and other institutional investors have recently made changes to their positions in MBLY. The Manufacturers Life Insurance Company grew its holdings in Mobileye Global by 4.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company’s stock valued at $283,101,000 after purchasing an additional 621,062 shares during the period. Norges Bank purchased a new stake in Mobileye Global in the 4th quarter worth $95,937,000. Primecap Management Co. CA raised its position in Mobileye Global by 2.3% during the fourth quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company’s stock worth $35,944,000 after acquiring an additional 40,000 shares during the period. Vanguard Group Inc. lifted its holdings in Mobileye Global by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company’s stock valued at $34,181,000 after purchasing an additional 45,756 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Mobileye Global by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company’s stock valued at $30,569,000 after purchasing an additional 8,340 shares during the period. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.