Mobileye Global (NASDAQ:MBLY) Price Target Raised to $37.00 at TD Cowen

Mobileye Global (NASDAQ:MBLY) had its price objective boosted by analysts at TD Cowen from $35.00 to $37.00 in a research note issued on Friday, Briefing.com reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 19.74% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Mizuho reduced their target price on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Robert W. Baird cut their price objective on shares of Mobileye Global from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Royal Bank of Canada cut their price objective on shares of Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Piper Sandler assumed coverage on shares of Mobileye Global in a report on Friday, March 15th. They set a “neutral” rating and a $31.00 price objective on the stock. Finally, Morgan Stanley cut shares of Mobileye Global from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $26.00 to $25.00 in a report on Friday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Mobileye Global currently has an average rating of “Moderate Buy” and a consensus price target of $43.14.

Mobileye Global Stock Down 0.7 %

Shares of NASDAQ:MBLY opened at $30.90 on Friday. The firm’s 50 day moving average price is $29.16 and its 200 day moving average price is $33.47. The stock has a market cap of $24.91 billion, a price-to-earnings ratio of -772.31, a price-to-earnings-growth ratio of 14.47 and a beta of -0.21. Mobileye Global has a fifty-two week low of $23.49 and a fifty-two week high of $47.41.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $637.53 million. Mobileye Global had a negative net margin of 1.30% and a positive return on equity of 2.91%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. On average, equities analysts anticipate that Mobileye Global will post 0.14 EPS for the current year.

Insider Transactions at Mobileye Global

In other news, Director Patrick P. Gelsinger purchased 3,600 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of $27.75 per share, with a total value of $99,900.00. Following the purchase, the director now directly owns 129,095 shares of the company’s stock, valued at approximately $3,582,386.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its stake in Mobileye Global by 33.3% in the 3rd 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. Wealth Management Partners LLC raised its stake in Mobileye Global by 3.1% in the 3rd quarter. Wealth Management Partners LLC now owns 11,723 shares of the company’s stock valued at $487,000 after purchasing an additional 350 shares during the last quarter. Capital Investment Advisory Services LLC raised its stake in Mobileye Global by 2.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock valued at $637,000 after purchasing an additional 400 shares during the last quarter. Green Alpha Advisors LLC raised its stake in Mobileye Global by 2.6% in the 1st quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock valued at $630,000 after purchasing an additional 500 shares during the last quarter. Finally, CWM LLC acquired a new position in Mobileye Global in the 3rd quarter valued at about $25,000. 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.