Mobileye Global (NASDAQ:MBLY) Given Buy Rating at Tigress Financial

Mobileye Global (NASDAQ:MBLY)‘s stock had its “buy” rating reiterated by equities research analysts at Tigress Financial in a research note issued to investors on Thursday,Benzinga reports. They currently have a $25.00 target price on the stock. Tigress Financial’s price target points to a potential upside of 172.33% from the stock’s previous close.

Several other research analysts have also recently weighed in on MBLY. UBS Group decreased their price target on Mobileye Global from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, January 23rd. Mizuho reduced their price objective on Mobileye Global from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Zacks Research cut shares of Mobileye Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Morgan Stanley lowered their price objective on Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobileye Global in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Mobileye Global currently has an average rating of “Hold” and an average target price of $15.89.

Mobileye Global Stock Performance

MBLY stock traded down $0.33 on Thursday, reaching $9.18. The company’s stock had a trading volume of 8,052,948 shares, compared to its average volume of 13,725,149. Mobileye Global has a 12-month low of $9.10 and a 12-month high of $20.18. The firm has a market cap of $7.47 billion, a PE ratio of -18.66, a PEG ratio of 4.50 and a beta of 0.57. The business has a fifty day simple moving average of $10.92 and a two-hundred day simple moving average of $13.01.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, January 22nd. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $446.00 million during the quarter, compared to analysts’ expectations of $430.69 million. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. As a group, research analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MBLY. NewEdge Advisors LLC increased its position in Mobileye Global by 10.7% in the first quarter. NewEdge Advisors LLC now owns 31,228 shares of the company’s stock worth $450,000 after buying an additional 3,019 shares during the last quarter. Rhumbline Advisers bought a new stake in Mobileye Global in the 1st quarter valued at about $27,000. KLP Kapitalforvaltning AS purchased a new stake in Mobileye Global during the second quarter valued at about $372,000. Slow Capital Inc. boosted its position in Mobileye Global by 4.4% during the second quarter. Slow Capital Inc. now owns 234,565 shares of the company’s stock worth $4,217,000 after purchasing an additional 9,912 shares during the period. Finally, Sanders Morris Harris LLC increased its stake in shares of Mobileye Global by 6.3% in the second quarter. Sanders Morris Harris LLC now owns 42,500 shares of the company’s stock worth $764,000 after purchasing an additional 2,500 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

About Mobileye Global

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.