Mobileye Global Inc. (NASDAQ:MBLY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have received an average rating of “Moderate Buy” from the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $40.58.

MBLY has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $36.00 target price on shares of Mobileye Global in a report on Friday, April 26th. Piper Sandler increased their target price on shares of Mobileye Global from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Canaccord Genuity Group lifted their price target on shares of Mobileye Global from $31.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Morgan Stanley downgraded Mobileye Global from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $26.00 to $25.00 in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. increased their price target on Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th.

Insider Activity

In other Mobileye Global news, Director Patrick P. Gelsinger bought 1,611 shares of the stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the completion of the acquisition, the director now owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Patrick P. Gelsinger bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average price of $27.53 per share, for a total transaction of $55,060.00. Following the completion of the acquisition, the director now owns 131,095 shares of the company’s stock, valued at approximately $3,609,045.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick P. Gelsinger bought 1,611 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average price of $28.17 per share, with a total value of $45,381.87. Following the completion of the purchase, the director now owns 132,706 shares in the company, valued at approximately $3,738,328.02. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mobileye Global

A number of large investors have recently made changes to their positions in MBLY. Norges Bank bought a new position in Mobileye Global in the 4th quarter worth $437,842,000. Baillie Gifford & Co. raised its stake in shares of Mobileye Global by 89.8% in the first quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock worth $513,925,000 after buying an additional 7,560,929 shares during the period. Kodai Capital Management LP purchased a new position in shares of Mobileye Global during the 4th quarter valued at about $148,924,000. Wellington Management Group LLP grew its stake in shares of Mobileye Global by 200.3% during the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock valued at $147,210,000 after acquiring an additional 2,266,438 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Mobileye Global by 4,749.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,115,030 shares of the company’s stock worth $46,329,000 after acquiring an additional 1,092,035 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY opened at $30.03 on Monday. Mobileye Global has a 52-week low of $23.49 and a 52-week high of $47.41. The company has a market capitalization of $24.21 billion, a P/E ratio of -142.99, a price-to-earnings-growth ratio of 18.92 and a beta of 0.12. The company has a 50-day simple moving average of $29.53 and a 200 day simple moving average of $33.17.

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.