Mobileye Global Inc. (NASDAQ:MBLY – Get Rating)’s stock price rose 4.9% on Monday after Mizuho raised their price target on the stock from $35.00 to $40.00. Mizuho currently has a buy rating on the stock. Mobileye Global traded as high as $35.77 and last traded at $35.46. Approximately 71,948 shares changed hands during trading, a decline of 96% from the average daily volume of 1,989,956 shares. The stock had previously closed at $33.81.
Several other analysts also recently weighed in on MBLY. Bank of America initiated coverage on shares of Mobileye Global in a research report on Monday, November 21st. They issued a “neutral” rating and a $34.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Mobileye Global in a report on Monday, November 21st. They issued a “buy” rating and a $36.00 price objective for the company. Needham & Company LLC upped their price target on shares of Mobileye Global from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, December 9th. Wolfe Research initiated coverage on shares of Mobileye Global in a research note on Monday, November 21st. They set a “peer perform” rating on the stock. Finally, Royal Bank of Canada started coverage on Mobileye Global in a report on Monday, November 21st. They set an “outperform” rating and a $41.00 target price on the stock. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Mobileye Global presently has an average rating of “Moderate Buy” and a consensus target price of $39.79.
Insider Buying and Selling at Mobileye Global
In related news, Director Safroadu Yeboah-Amankwah bought 47,519 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was bought at an average price of $21.00 per share, with a total value of $997,899.00. Following the purchase, the director now directly owns 47,519 shares of the company’s stock, valued at approximately $997,899. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Safroadu Yeboah-Amankwah purchased 47,519 shares of Mobileye Global stock in a transaction dated Friday, October 28th. The stock was acquired at an average cost 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amnon Shashua purchased 476,191 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was purchased at an average cost of $21.00 per share, with a total value of $10,000,011.00. Following the purchase, the chief executive officer now owns 476,191 shares in the company, valued at approximately $10,000,011. The disclosure for this purchase can be found here.
About Mobileye Global
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.