Loop Capital Begins Coverage on Mobileye Global (NASDAQ:MBLY)

Loop Capital began coverage on shares of Mobileye Global (NASDAQ:MBLY) in a report published on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $20.00 target price on the stock.

A number of other research firms have also recently commented on MBLY. Wolfe Research cut Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Daiwa America downgraded Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Barclays lowered their price objective on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. HSBC assumed coverage on shares of Mobileye Global in a research report on Monday, July 15th. They set a “buy” rating and a $33.00 target price for the company. Finally, The Goldman Sachs Group decreased their price target on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.05.

Mobileye Global Stock Down 1.9 %

Shares of MBLY stock traded down $0.29 during mid-day trading on Tuesday, hitting $15.20. The company’s stock had a trading volume of 2,349,614 shares, compared to its average volume of 5,053,567. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $44.48. The business has a 50-day moving average price of $13.19 and a 200 day moving average price of $19.92.

Hedge Funds Weigh In On Mobileye Global

Several hedge funds have recently modified their holdings of MBLY. Oppenheimer Asset Management Inc. purchased a new position in shares of Mobileye Global in the first quarter worth $220,000. Sei Investments Co. increased its position in Mobileye Global by 11.6% in the first quarter. Sei Investments Co. now owns 144,060 shares of the company’s stock worth $4,632,000 after purchasing an additional 14,949 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Mobileye Global in the first quarter worth $1,723,000. US Bancorp DE increased its position in Mobileye Global by 532.7% in the first quarter. US Bancorp DE now owns 444,048 shares of the company’s stock worth $14,276,000 after purchasing an additional 373,862 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Mobileye Global in the first quarter worth $1,305,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.