Gauzy (NASDAQ:GAUZ) Price Target Cut to $18.00 by Analysts at TD Cowen

Gauzy (NASDAQ:GAUZ) had its price objective reduced by TD Cowen from $24.00 to $18.00 in a research report sent to investors on Friday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Gauzy Price Performance

NASDAQ GAUZ opened at $8.95 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.19 and a quick ratio of 1.03. Gauzy has a 52-week low of $8.17 and a 52-week high of $17.10. The business’s 50-day moving average price is $9.55.

Gauzy (NASDAQ:GAUZ) last issued its earnings results on Thursday, August 8th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.48). The firm had revenue of $24.41 million during the quarter, compared to analyst estimates of $23.83 million. On average, analysts predict that Gauzy will post -1.95 EPS for the current year.

Institutional Investors Weigh In On Gauzy

Several institutional investors have recently made changes to their positions in GAUZ. Ibex Investors LLC purchased a new position in shares of Gauzy in the 2nd quarter valued at about $40,030,000. Driehaus Capital Management LLC acquired a new position in Gauzy during the second quarter worth about $4,289,000. Millennium Management LLC purchased a new position in Gauzy in the second quarter valued at about $2,824,000. Ghisallo Capital Management LLC acquired a new stake in shares of Gauzy during the 2nd quarter valued at approximately $1,491,000. Finally, Empyrean Capital Partners LP acquired a new stake in shares of Gauzy during the 2nd quarter valued at approximately $1,202,000.

About Gauzy

Gauzy Ltd. is a fully-integrated light and vision control company which focused on the research, development, manufacturing and marketing of vision and light control technologies. It operates principally in Germany, France, the United States, Canada, China, Singapore and Dubai. Gauzy Ltd. is headquartered in Tel Aviv, Israel.