Mobileye Global Inc. (NASDAQ:MBLY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $40.58.

Several analysts have issued reports on MBLY shares. Canaccord Genuity Group raised their price objective on shares of Mobileye Global from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Citigroup reduced their price target on shares of Mobileye Global from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, April 29th. 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 report on Friday, January 26th. Wolfe Research upgraded shares of 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. Finally, TD Cowen raised their target price on Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 26th.

Insider Buying and Selling at Mobileye Global

In related news, Director Patrick P. Gelsinger acquired 1,611 shares of the stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average price of $28.17 per share, with a total value of $45,381.87. Following the acquisition, the director now owns 132,706 shares in the company, valued at approximately $3,738,328.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Patrick P. Gelsinger bought 2,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $27.53 per share, with a total value of $55,060.00. Following the transaction, the director now directly owns 131,095 shares in the company, valued at $3,609,045.35. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Patrick P. Gelsinger purchased 1,611 shares of the stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the completion of the transaction, the director now owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of Mobileye Global

Several hedge funds have recently added to or reduced their stakes in the business. CWM LLC acquired a new position in shares of Mobileye Global during the third quarter worth approximately $25,000. Principal Securities Inc. bought a new stake in Mobileye Global in the 4th quarter valued at $28,000. Register Financial Advisors LLC acquired a new stake in Mobileye Global in the 1st quarter worth $32,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Mobileye Global during the 3rd quarter worth about $35,000. Finally, Venturi Wealth Management LLC raised 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 valued at $50,000 after buying an additional 300 shares during the last quarter. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Down 1.5 %

NASDAQ:MBLY opened at $30.03 on Monday. The stock has a market capitalization of $24.21 billion, a P/E ratio of -142.99, a P/E/G ratio of 18.92 and a beta of 0.12. The stock has a 50-day moving average price of $29.53 and a 200 day moving average price of $33.17. Mobileye Global has a 12-month low of $23.49 and a 12-month high of $47.41.

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.