Piper Sandler Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $13.00

Mobileye Global (NASDAQ:MBLYFree Report) had its price target lowered by Piper Sandler from $15.00 to $13.00 in a report published on Thursday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other research analysts have also weighed in on the stock. TD Cowen decreased their price target on shares of Mobileye Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. JPMorgan Chase & Co. raised shares of Mobileye Global from an “underweight” rating to a “neutral” rating and increased their price target for the company from $12.00 to $13.00 in a research note on Tuesday, January 6th. The Goldman Sachs Group reduced their price objective on shares of Mobileye Global from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Weiss Ratings reissued a “sell (e+)” rating on shares of Mobileye Global in a research report on Friday, October 31st. Finally, Zacks Research downgraded shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.11.

Check Out Our Latest Stock Analysis on MBLY

Mobileye Global Price Performance

MBLY opened at $11.55 on Thursday. The firm has a fifty day moving average price of $11.41 and a 200 day moving average price of $13.70. The stock has a market cap of $9.40 billion, a P/E ratio of -27.50, a P/E/G ratio of 2.86 and a beta of 0.57. Mobileye Global has a 1 year low of $10.04 and a 1 year high of $20.18.

Mobileye Global (NASDAQ:MBLYGet Free Report) last posted its earnings results on Thursday, October 23rd. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $504.00 million for the quarter, compared to analysts’ expectations of $479.93 million. Mobileye Global had a positive return on equity of 0.68% and a negative net margin of 17.34%.The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. Equities analysts expect that Mobileye Global will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Mobileye Global

Institutional investors have recently modified their holdings of the business. Intel Corp purchased a new stake in Mobileye Global during the 3rd quarter valued at approximately $706,000,000. Burkehill Global Management LP acquired a new position in shares of Mobileye Global during the 3rd quarter worth $42,360,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Mobileye Global in the third quarter valued at about $40,670,000. DNB Asset Management AS purchased a new position in Mobileye Global in the 3rd quarter valued at approximately $40,212,000. Finally, Two Sigma Investments LP raised its stake in shares of Mobileye Global by 131.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock worth $61,898,000 after buying an additional 2,493,181 shares during the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

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About Mobileye Global

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Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.

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