Mobileye Global (NASDAQ:MBLY) Stock Price Up 5.2% – Here’s What Happened

Mobileye Global Inc. (NASDAQ:MBLY) shares traded up 5.2% on Tuesday . The company traded as high as $19.83 and last traded at $19.78. 3,030,811 shares changed hands during trading, a decline of 41% from the average session volume of 5,166,378 shares. The stock had previously closed at $18.80.

Analyst Upgrades and Downgrades

MBLY has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Evercore ISI reduced their price target on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. BNP Paribas downgraded Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $15.00 target price on shares of Mobileye Global in a research report on Tuesday, September 10th. Finally, UBS Group lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $14.00 in a research note on Friday, October 4th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mobileye Global has a consensus rating of “Hold” and an average target price of $23.24.

Mobileye Global Trading Up 5.2 %

The company has a market capitalization of $16.03 billion, a PE ratio of -5.15 and a beta of 0.44. The stock has a fifty day moving average of $15.44 and a two-hundred day moving average of $18.18.

Hedge Funds Weigh In On Mobileye Global

Large investors have recently added to or reduced their stakes in the business. BCGM Wealth Management LLC lifted its stake in shares of Mobileye Global by 178.0% in the 3rd quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock valued at $2,611,000 after acquiring an additional 122,031 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after purchasing an additional 957,565 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Mobileye Global by 258.7% during the second quarter. Raymond James & Associates now owns 336,417 shares of the company’s stock valued at $9,448,000 after purchasing an additional 242,640 shares during the period. AXA S.A. grew its holdings in shares of Mobileye Global by 35.6% in the second quarter. AXA S.A. now owns 518,076 shares of the company’s stock worth $14,550,000 after purchasing an additional 135,967 shares during the last quarter. Finally, PFG Investments LLC bought a new stake in Mobileye Global during the 3rd quarter valued at $635,000. Hedge funds and other 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.