Mobileye Global (NASDAQ:MBLY) Shares Gap Up – Should You Buy?

Mobileye Global Inc. (NASDAQ:MBLY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $15.67, but opened at $16.48. Mobileye Global shares last traded at $16.88, with a volume of 1,632,225 shares traded.

Analysts Set New Price Targets

MBLY has been the topic of a number of recent research reports. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research note on Wednesday, December 11th. BNP Paribas lowered Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective on the stock. in a research note on Wednesday, October 2nd. Robert W. Baird boosted their price objective on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, TD Cowen boosted their price objective on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $23.45.

Mobileye Global Trading Up 5.6 %

The company has a fifty day simple moving average of $17.79 and a two-hundred day simple moving average of $16.93. The company has a market cap of $13.42 billion, a PE ratio of -4.53 and a beta of 0.30.

Institutional Investors Weigh In On Mobileye Global

Several large investors have recently bought and sold shares of the stock. Rakuten Securities Inc. increased its holdings in Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares during the period. Versant Capital Management Inc increased its holdings in Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after purchasing an additional 1,131 shares during the period. Guinness Atkinson Asset Management Inc increased its holdings in 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 purchasing an additional 1,257 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Mobileye Global during the 4th quarter worth about $30,000. Finally, Tidal Investments LLC boosted its position in shares of Mobileye Global by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after acquiring an additional 1,617 shares in the last quarter. 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.