Analysts Set Mobileye NV (MBLY) Target Price at $56.64

Shares of Mobileye NV (NYSE:MBLY) have earned an average rating of “Hold” from the twenty-five brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, twenty have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $56.64.

MBLY has been the subject of several recent research reports. BidaskClub upgraded shares of Mobileye NV from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Jefferies Group LLC reiterated a “hold” rating and set a $63.54 target price on shares of Mobileye NV in a report on Thursday, July 6th. Finally, Mizuho reiterated a “hold” rating and set a $63.54 target price on shares of Mobileye NV in a report on Wednesday, October 4th.

A number of large investors have recently bought and sold shares of the business. Lazard Asset Management LLC grew its position in Mobileye NV by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 8,842 shares of the software maker’s stock worth $555,000 after purchasing an additional 76 shares during the period. Comerica Bank grew its position in Mobileye NV by 0.6% in the 1st quarter. Comerica Bank now owns 18,481 shares of the software maker’s stock worth $1,145,000 after purchasing an additional 118 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Mobileye NV by 0.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,871 shares of the software maker’s stock worth $2,692,000 after purchasing an additional 157 shares during the period. Prudential Financial Inc. grew its position in Mobileye NV by 1.1% in the 1st quarter. Prudential Financial Inc. now owns 17,222 shares of the software maker’s stock worth $1,057,000 after purchasing an additional 182 shares during the period. Finally, Klingenstein Fields & Co. LLC grew its position in Mobileye NV by 6.1% in the 2nd quarter. Klingenstein Fields & Co. LLC now owns 5,685 shares of the software maker’s stock worth $357,000 after purchasing an additional 325 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Shares of Mobileye NV (NYSE:MBLY) traded down 0.43% during mid-day trading on Friday, reaching $62.67. The company’s stock had a trading volume of 741,638 shares. The company has a market cap of $13.91 billion, a P/E ratio of 122.88 and a beta of 0.90. Mobileye NV has a 12 month low of $33.69 and a 12 month high of $63.56. The company has a 50-day moving average of $63.15 and a 200-day moving average of $61.19.

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Mobileye NV Company Profile

Mobileye N.V. is engaged in the development of computer vision and machine learning-based sensing, mapping and driving policy technology for advanced driver assistance systems and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.

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