Mobileye Global (NASDAQ:MBLY) Shares Gap Up – Should You Buy?

Mobileye Global Inc. (NASDAQ:MBLY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $15.67, but opened at $16.48. Mobileye Global shares last traded at $16.88, with a volume of 1,632,225 shares.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MBLY shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Evercore ISI lowered their price objective on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Barclays decreased their target price on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. TD Cowen upped their target price on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, UBS Group cut Mobileye Global from a “buy” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $14.00 in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $23.45.

Mobileye Global Trading Up 5.6 %

The firm has a market capitalization of $13.42 billion, a PE ratio of -4.53 and a beta of 0.30. The business has a 50 day moving average price of $17.79 and a 200-day moving average price of $16.93.

Hedge Funds Weigh In On Mobileye Global

Several hedge funds have recently bought and sold shares of MBLY. Rakuten Securities Inc. increased its stake 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 purchasing an additional 1,061 shares in the last quarter. Versant Capital Management Inc increased its stake in Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after purchasing an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Mobileye Global in the 4th quarter valued at approximately $30,000. Quarry LP purchased a new position in Mobileye Global in the 3rd quarter valued at approximately $31,000. Finally, Cranbrook Wealth Management LLC purchased a new position in Mobileye Global in the 2nd quarter valued at approximately $84,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

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.