Mobileye Global (NASDAQ:MBLY) Coverage Initiated by Analysts at Loop Capital

Loop Capital started coverage on shares of Mobileye Global (NASDAQ:MBLYGet Rating) in a research report released on Tuesday, The Fly reports. The brokerage issued a buy rating on the stock.

MBLY has been the topic of several other research reports. The Goldman Sachs Group initiated coverage on shares of Mobileye Global in a research note on Monday, November 21st. They issued a buy rating and a $36.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Mobileye Global in a report on Tuesday, January 17th. They issued a buy rating and a $48.00 target price on the stock. Robert W. Baird boosted their target price on shares of Mobileye Global from $36.00 to $39.00 and gave the company an outperform rating in a report on Thursday, December 8th. Raymond James began coverage on shares of Mobileye Global in a report on Monday, November 21st. They issued a strong-buy rating and a $50.00 target price on the stock. Finally, Cowen began coverage on shares of Mobileye Global in a report on Monday, November 21st. They issued an outperform rating and a $35.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Mobileye Global presently has an average rating of Moderate Buy and a consensus price target of $40.33.

Mobileye Global Trading Down 3.2 %

Shares of Mobileye Global stock opened at $34.12 on Tuesday. Mobileye Global has a twelve month low of $24.85 and a twelve month high of $37.31. The business has a fifty day simple moving average of $32.27.

Mobileye Global (NASDAQ:MBLYGet Rating) last issued its quarterly earnings data on Wednesday, December 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The business had revenue of $450.00 million during the quarter, compared to the consensus estimate of $449.93 million. As a group, sell-side analysts predict that Mobileye Global will post 0.69 earnings per share for the current fiscal year.

Insider Activity

In other Mobileye Global news, CEO Amnon Shashua bought 476,191 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were bought at an average price of $21.00 per share, for a total transaction of $10,000,011.00. Following the acquisition, the chief executive officer now directly owns 476,191 shares of the company’s stock, valued at approximately $10,000,011. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mobileye Global news, CEO Amnon Shashua bought 476,191 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were bought at an average price of $21.00 per share, for a total transaction of $10,000,011.00. Following the acquisition, the chief executive officer now directly owns 476,191 shares of the company’s stock, valued at approximately $10,000,011. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Safroadu Yeboah-Amankwah bought 47,519 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was acquired at an average price of $21.00 per share, for a total transaction of $997,899.00. Following the acquisition, the director now directly owns 47,519 shares in the company, valued at $997,899. The disclosure for this purchase can be found here.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors and hedge funds have recently made changes to their positions in MBLY. Renaissance Capital LLC purchased a new stake in Mobileye Global in the 4th quarter valued at about $607,000. Harbour Capital Advisors LLC purchased a new stake in Mobileye Global in the 4th quarter valued at about $327,000. Private Trust Co. NA purchased a new stake in Mobileye Global in the 4th quarter valued at about $140,000. Pendal Group Ltd purchased a new stake in Mobileye Global in the 4th quarter valued at about $474,000. Finally, DAVENPORT & Co LLC purchased a new stake in Mobileye Global in the 4th quarter valued at about $19,724,000. Institutional investors and hedge funds own 1.38% of the company’s stock.

About Mobileye Global

(Get Rating)

Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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 driver assist 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 and supports over-the-air updates.

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