Royal Bank of Canada Reiterates “Sector Perform” Rating for Mobileye Global (NASDAQ:MBLY)

Mobileye Global (NASDAQ:MBLY)‘s stock had its “sector perform” rating restated by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $11.00 price target on the stock. Royal Bank of Canada’s price target indicates a potential downside of 40.80% from the stock’s current price.

A number of other brokerages have also commented on MBLY. BNP Paribas lowered Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a research report on Wednesday, October 2nd. Canaccord Genuity Group dropped their price target on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, November 1st. TD Cowen increased their price objective on shares of Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wolfe Research cut shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $15.00 price target on shares of Mobileye Global in a research note on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $23.14.

Mobileye Global Stock Performance

MBLY traded up $0.08 during mid-day trading on Tuesday, reaching $18.58. The stock had a trading volume of 1,392,916 shares, compared to its average volume of 5,098,258. The stock has a market capitalization of $15.07 billion, a P/E ratio of -5.09 and a beta of 0.07. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $44.48. The firm’s fifty day simple moving average is $14.03 and its two-hundred day simple moving average is $19.21.

Institutional Trading of Mobileye Global

Several hedge funds and other institutional investors have recently modified their holdings of MBLY. Rakuten Securities Inc. raised its position in Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after buying an additional 1,061 shares during the last quarter. Quarry LP bought a new stake in shares of Mobileye Global in the third quarter worth $31,000. Cranbrook Wealth Management LLC acquired a new position in Mobileye Global during the second quarter worth $84,000. EverSource Wealth Advisors LLC increased its stake in Mobileye Global by 1,019.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after buying an additional 3,478 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Mobileye Global during the 2nd quarter worth about $147,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.