Mobileye Global (NASDAQ:MBLY) Given New $37.00 Price Target at Canaccord Genuity Group

Mobileye Global (NASDAQ:MBLY) had its target price lifted by Canaccord Genuity Group from $31.00 to $37.00 in a research report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently commented on the company. Piper Sandler started coverage on Mobileye Global in a report on Friday, March 15th. They set a neutral rating and a $31.00 price objective for the company. Wolfe Research upgraded Mobileye Global from a peer perform rating to an outperform rating and set a $41.00 price objective for the company in a report on Friday, April 12th. Bank of America downgraded Mobileye Global from a neutral rating to an underperform rating and dropped their price objective for the stock from $47.00 to $22.00 in a report on Thursday, January 4th. Needham & Company LLC restated a buy rating and set a $36.00 price objective on shares of Mobileye Global in a report on Friday. Finally, Royal Bank of Canada dropped their price objective on Mobileye Global from $45.00 to $39.00 and set an outperform rating for the company in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $41.70.

Mobileye Global Stock Performance

Shares of MBLY opened at $29.20 on Friday. The stock has a fifty day moving average of $29.23 and a two-hundred day moving average of $33.40. The company has a market capitalization of $23.54 billion, a PE ratio of -139.04, a price-to-earnings-growth ratio of 14.36 and a beta of -0.21. Mobileye Global has a fifty-two week low of $23.49 and a fifty-two week high of $47.41.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $637.00 million during the quarter, compared to the consensus estimate of $637.53 million. Mobileye Global had a positive return on equity of 1.75% and a negative net margin of 8.92%. Mobileye Global’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. As a group, equities research analysts forecast that Mobileye Global will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Mobileye Global

In related news, Director Patrick P. Gelsinger purchased 3,600 shares of Mobileye Global stock in a transaction dated Monday, January 29th. The shares were acquired at an average price of $27.75 per share, with a total value of $99,900.00. Following the completion of the transaction, the director now owns 129,095 shares of the company’s stock, valued at approximately $3,582,386.25. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mobileye Global

Several large investors have recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its position in shares of Mobileye Global by 33.3% during the third quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock worth $50,000 after purchasing an additional 300 shares during the last quarter. Wealth Management Partners LLC raised its stake in Mobileye Global by 3.1% during the third quarter. Wealth Management Partners LLC now owns 11,723 shares of the company’s stock worth $487,000 after acquiring an additional 350 shares during the period. Capital Investment Advisory Services LLC raised its stake in Mobileye Global by 2.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock worth $637,000 after acquiring an additional 400 shares during the period. Green Alpha Advisors LLC raised its stake in Mobileye Global by 2.6% during the first quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock worth $630,000 after acquiring an additional 500 shares during the period. Finally, CWM LLC acquired a new stake in Mobileye Global during the third quarter worth about $25,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Company Profile

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.