Gauzy (NASDAQ:GAUZ) Given New $18.00 Price Target at TD Cowen

Gauzy (NASDAQ:GAUZ) had its price target cut by TD Cowen from $24.00 to $18.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Gauzy Price Performance

Gauzy stock traded down $0.71 during midday trading on Friday, hitting $8.95. The company’s stock had a trading volume of 55,695 shares, compared to its average volume of 64,103. The company has a quick ratio of 1.03, a current ratio of 1.19 and a debt-to-equity ratio of 0.38. Gauzy has a 1-year low of $8.17 and a 1-year high of $17.10. The company has a 50-day simple moving average of $9.55.

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

Institutional Investors Weigh In On Gauzy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ibex Investors LLC acquired a new position in shares of Gauzy in the 2nd quarter valued at approximately $40,030,000. Driehaus Capital Management LLC bought a new position in Gauzy in the second quarter valued at approximately $4,289,000. Millennium Management LLC acquired a new position in Gauzy during the second quarter valued at approximately $2,824,000. Ghisallo Capital Management LLC bought a new stake in Gauzy during the second quarter worth $1,491,000. Finally, Empyrean Capital Partners LP acquired a new stake in shares of Gauzy in the 2nd quarter valued at $1,202,000.

Gauzy Company Profile

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.