Gauzy (NASDAQ:GAUZ) Price Target Lowered to $13.00 at B. Riley

Gauzy (NASDAQ:GAUZ) had its price objective trimmed by B. Riley from $14.00 to $13.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Barclays cut their target price on shares of Gauzy from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday. Cowen downgraded Gauzy from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, TD Cowen lowered Gauzy from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Gauzy currently has a consensus rating of “Moderate Buy” and an average target price of $13.50.

Gauzy Stock Performance

GAUZ stock opened at $8.58 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 0.85. The company’s 50-day moving average price is $9.15 and its 200 day moving average price is $9.47. Gauzy has a 52 week low of $6.78 and a 52 week high of $17.10.

Gauzy (NASDAQ:GAUZ) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.19). The company had revenue of $22.37 million during the quarter, compared to analyst estimates of $26.91 million. On average, equities analysts expect that Gauzy will post -2.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Gauzy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GAUZ. WR Wealth Planners LLC raised its position in shares of Gauzy by 200.0% in the 4th quarter. WR Wealth Planners LLC now owns 3,000 shares of the company’s stock valued at $30,000 after purchasing an additional 2,000 shares in the last quarter. Stifel Financial Corp boosted its holdings in Gauzy by 85.5% in the fourth quarter. Stifel Financial Corp now owns 207,275 shares of the company’s stock worth $2,054,000 after purchasing an additional 95,527 shares during the period. Northern Trust Corp acquired a new position in Gauzy in the fourth quarter worth $505,000. Connors Investor Services Inc. bought a new stake in Gauzy during the fourth quarter valued at $109,000. Finally, Citadel Advisors LLC raised its stake in Gauzy by 4.9% during the fourth quarter. Citadel Advisors LLC now owns 441,864 shares of the company’s stock worth $4,379,000 after acquiring an additional 20,674 shares during the period.

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.