Mobileye Global (NASDAQ:MBLY) PT Lowered to $29.00

Mobileye Global (NASDAQ:MBLY) had its price target reduced by research analysts at Robert W. Baird from $40.00 to $29.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 81.70% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Morgan Stanley raised shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $25.00 to $18.00 in a research note on Friday. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a research note on Friday, April 12th. TD Cowen upped their price target on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. The Goldman Sachs Group dropped their price target on shares of Mobileye Global from $40.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Hsbc Global Res raised shares of Mobileye Global to a “strong-buy” rating in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Mobileye Global presently has an average rating of “Moderate Buy” and an average target price of $34.50.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY traded down $0.32 during mid-day trading on Friday, reaching $15.96. The company had a trading volume of 11,217,270 shares, compared to its average volume of 5,417,960. Mobileye Global has a twelve month low of $15.21 and a twelve month high of $44.48. The stock has a market capitalization of $12.87 billion, a PE ratio of -76.00, a price-to-earnings-growth ratio of 29.75 and a beta of 0.13. The stock’s 50 day moving average is $25.91 and its 200-day moving average is $27.62.

Institutional Investors Weigh In On Mobileye Global

Several hedge funds have recently made changes to their positions in the stock. TD Asset Management Inc lifted its stake in shares of Mobileye Global by 182.9% in the second quarter. TD Asset Management Inc now owns 41,467 shares of the company’s stock valued at $1,165,000 after buying an additional 26,809 shares during the period. Mandatum Life Insurance Co Ltd lifted its stake in shares of Mobileye Global by 93.4% in the second quarter. Mandatum Life Insurance Co Ltd now owns 126,916 shares of the company’s stock valued at $3,564,000 after buying an additional 61,280 shares during the period. Nicola Wealth Management LTD. lifted its stake in shares of Mobileye Global by 22.0% in the second quarter. Nicola Wealth Management LTD. now owns 72,000 shares of the company’s stock valued at $2,022,000 after buying an additional 13,000 shares during the period. Van ECK Associates Corp lifted its stake in shares of Mobileye Global by 67.8% in the second quarter. Van ECK Associates Corp now owns 15,434 shares of the company’s stock valued at $433,000 after buying an additional 6,234 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Mobileye Global by 39.8% in the second quarter. Commonwealth Equity Services LLC now owns 14,544 shares of the company’s stock valued at $408,000 after buying an additional 4,141 shares during the period. Institutional investors 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.