Mobileye Global (NASDAQ:MBLY) Now Covered by Analysts at Oppenheimer

Investment analysts at Oppenheimer assumed coverage on shares of Mobileye Global (NASDAQ:MBLY) in a note issued to investors on Wednesday,Benzinga reports. The brokerage set an “outperform” rating and a $28.00 price target on the stock. Oppenheimer’s price objective points to a potential upside of 67.36% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. Canaccord Genuity Group dropped their price objective on Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, November 1st. BNP Paribas downgraded Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target for the company. in a research report on Wednesday, October 2nd. Robert W. Baird upped their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.67.

Mobileye Global Price Performance

NASDAQ MBLY opened at $16.73 on Wednesday. The company’s 50 day simple moving average is $17.81 and its two-hundred day simple moving average is $16.85. The stock has a market capitalization of $13.57 billion, a PE ratio of -4.58, a P/E/G ratio of 13.46 and a beta of 0.30. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $34.00.

Institutional Investors Weigh In On Mobileye Global

Several institutional investors and hedge funds have recently modified their holdings of MBLY. Rakuten Securities Inc. increased its position in shares of Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after buying an additional 1,061 shares during the period. Versant Capital Management Inc boosted its position in Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after acquiring an additional 1,131 shares in the last quarter. Guinness Atkinson Asset Management Inc grew its holdings in shares of Mobileye Global by 16.9% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after acquiring an additional 1,257 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Mobileye Global in the 4th quarter worth approximately $30,000. Finally, Tidal Investments LLC lifted its stake in shares of Mobileye Global by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock valued at $501,000 after purchasing an additional 1,617 shares during the period. 13.25% of the stock is owned by hedge funds and other institutional investors.

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.