Mobileye Global (NASDAQ:MBLY) Stock Price Up 2.1% – Time to Buy?

Mobileye Global Inc. (NASDAQ:MBLY) traded up 2.1% during mid-day trading on Friday . The stock traded as high as $19.89 and last traded at $19.88. 2,977,792 shares traded hands during trading, a decline of 43% from the average session volume of 5,209,533 shares. The stock had previously closed at $19.47.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MBLY. Robert W. Baird lifted their target price on Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. BNP Paribas lowered shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target for the company. in a research note on Wednesday, October 2nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a research note on Thursday, December 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Mobileye Global in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.38.

Mobileye Global Stock Up 2.4 %

The stock has a fifty day simple moving average of $16.41 and a 200-day simple moving average of $17.82. The company has a market capitalization of $16.16 billion, a P/E ratio of -5.46 and a beta of 0.44.

Hedge Funds Weigh In On Mobileye Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MBLY. Tidal Investments LLC raised its stake in shares of Mobileye Global by 4.6% in the third quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock valued at $501,000 after acquiring an additional 1,617 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Mobileye Global in the 3rd quarter valued at $273,000. Virtu Financial LLC acquired a new position in Mobileye Global during the 3rd quarter worth about $229,000. TCW Group Inc. grew its holdings in Mobileye Global by 0.8% during the 3rd quarter. TCW Group Inc. now owns 412,651 shares of the company’s stock worth $5,653,000 after acquiring an additional 3,388 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after acquiring an additional 279,082 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.