Mobileye Global (NASDAQ:MBLY) Receives Hold Rating from Westpark Capital

Mobileye Global (NASDAQ:MBLY)‘s stock had its “hold” rating reiterated by research analysts at Westpark Capital in a research report issued on Wednesday, Benzinga reports.

Several other research firms also recently commented on MBLY. The Goldman Sachs Group decreased their target price on Mobileye Global from $40.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. UBS Group decreased their target price on Mobileye Global from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. TD Cowen upped their target price on Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 target price on shares of Mobileye Global in a research report on Friday, April 26th. Finally, HSBC began coverage on Mobileye Global in a research report on Monday, July 15th. They issued a “buy” rating and a $33.00 target price on the stock. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.67.

Mobileye Global Stock Up 0.4 %

Shares of NASDAQ MBLY opened at $20.09 on Wednesday. Mobileye Global has a twelve month low of $19.65 and a twelve month high of $44.48. The business’s 50 day moving average price is $26.47 and its two-hundred day moving average price is $27.86. The company has a market cap of $16.20 billion, a PE ratio of -95.23, a price-to-earnings-growth ratio of 32.41 and a beta of 0.07.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MBLY. Principal Securities Inc. acquired a new position in shares of Mobileye Global during the fourth quarter worth $28,000. Register Financial Advisors LLC acquired a new position in shares of Mobileye Global during the first quarter worth $32,000. National Bank of Canada FI increased its holdings in shares of Mobileye Global by 90.0% during the fourth quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock worth $59,000 after buying an additional 675 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Mobileye Global by 33.3% in the fourth quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock valued at $69,000 after purchasing an additional 400 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Mobileye Global in the fourth quarter valued at $77,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.