Mobileye Global (NASDAQ:MBLY) Price Target Cut to $29.00 by Analysts at Robert W. Baird

Mobileye Global (NASDAQ:MBLY) had its price objective lowered by Robert W. Baird from $40.00 to $29.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts also recently commented on MBLY. UBS Group reduced their price target on shares of Mobileye Global from $36.00 to $33.00 and set a buy rating on the stock in a research note on Wednesday, July 10th. HSBC initiated coverage on shares of Mobileye Global in a report on Monday, July 15th. They set a buy rating and a $33.00 target price on the stock. Piper Sandler increased their target price on shares of Mobileye Global from $31.00 to $32.00 and gave the stock a neutral rating in a report on Friday, April 26th. Canaccord Genuity Group increased their target price on shares of Mobileye Global from $31.00 to $37.00 and gave the stock a buy rating in a report on Friday, April 26th. Finally, Wolfe Research upgraded shares of Mobileye Global from a peer perform rating to an outperform rating and set a $41.00 target price on the stock in a report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Mobileye Global has a consensus rating of Moderate Buy and a consensus price target of $34.50.

Mobileye Global Stock Down 2.0 %

MBLY stock traded down $0.32 during trading on Friday, hitting $15.96. The company had a trading volume of 11,217,270 shares, compared to its average volume of 5,417,960. The firm has a market capitalization of $12.87 billion, a P/E ratio of -76.00, a PEG ratio of 29.75 and a beta of 0.13. Mobileye Global has a 52-week low of $15.21 and a 52-week high of $44.48. The company has a 50 day simple moving average of $25.91 and a 200-day simple moving average of $27.63.

Institutional Trading of Mobileye Global

A number of institutional investors have recently bought and sold shares of MBLY. Baillie Gifford & Co. raised its position in Mobileye Global by 89.8% during the 1st quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock worth $513,925,000 after buying an additional 7,560,929 shares during the last quarter. Norges Bank purchased a new position in Mobileye Global during the 4th quarter worth approximately $437,842,000. Kodai Capital Management LP purchased a new position in Mobileye Global during the 4th quarter worth approximately $148,924,000. Wellington Management Group LLP raised its position in Mobileye Global by 200.3% during the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock worth $147,210,000 after buying an additional 2,266,438 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Mobileye Global by 25.8% during the 4th quarter. Franklin Resources Inc. now owns 2,622,704 shares of the company’s stock valued at $113,616,000 after purchasing an additional 538,371 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.