Piper Sandler Boosts Mobileye Global (NASDAQ:MBLY) Price Target to $32.00

Mobileye Global (NASDAQ:MBLY) had its price target upped by investment analysts at Piper Sandler from $31.00 to $32.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective points to a potential upside of 10.08% from the stock’s previous close.

A number of other research firms also recently weighed in on MBLY. Needham & Company LLC reissued a “buy” rating and issued a $36.00 price target on shares of Mobileye Global in a research note on Friday. Barclays dropped their price objective on Mobileye Global from $46.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, January 26th. Robert W. Baird dropped their price objective on Mobileye Global from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. TD Cowen increased their target price on Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday. Finally, Mizuho reduced their price target on Mobileye Global from $42.00 to $38.00 and set a “buy” 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 issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.33.

Mobileye Global Stock Performance

MBLY traded down $1.83 during mid-day trading on Friday, reaching $29.07. The stock had a trading volume of 2,516,626 shares, compared to its average volume of 4,570,201. The firm’s fifty day simple moving average is $29.16 and its two-hundred day simple moving average is $33.47. The stock has a market capitalization of $23.44 billion, a P/E ratio of -723.57, a P/E/G ratio of 14.47 and a beta of -0.21. Mobileye Global has a 52 week low of $23.49 and a 52 week high of $47.41.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $637.53 million. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, analysts expect that Mobileye Global will post 0.14 EPS for the current fiscal year.

Insider Activity

In other Mobileye Global news, Director Patrick P. Gelsinger purchased 3,600 shares of Mobileye Global stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $27.75 per share, for a total transaction 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

Institutional Trading of Mobileye Global

A number of large investors have recently made changes to their positions in MBLY. Verdence Capital Advisors LLC purchased a new stake in Mobileye Global in the first quarter valued at approximately $465,000. Long Run Wealth Advisors LLC raised its stake in shares of Mobileye Global by 23.5% during the first quarter. Long Run Wealth Advisors LLC now owns 71,945 shares of the company’s stock worth $2,313,000 after purchasing an additional 13,684 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in Mobileye Global by 94.7% during the first quarter. Newbridge Financial Services Group Inc. now owns 3,449 shares of the company’s stock worth $111,000 after acquiring an additional 1,678 shares during the period. Hall Laurie J Trustee acquired a new position in Mobileye Global during the first quarter worth $199,000. Finally, Arcadia Investment Management Corp MI grew its holdings in Mobileye Global by 453.1% during the first quarter. Arcadia Investment Management Corp MI now owns 120,274 shares of the company’s stock worth $3,867,000 after acquiring an additional 98,530 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.