TD Cowen Issues Pessimistic Forecast for Gauzy (NASDAQ:GAUZ) Stock Price

Gauzy (NASDAQ:GAUZ) had its price objective reduced by stock analysts at TD Cowen from $24.00 to $18.00 in a report released on Friday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 101.12% from the company’s current price.

Gauzy Stock Down 7.3 %

NASDAQ GAUZ opened at $8.95 on Friday. Gauzy has a 1-year low of $8.17 and a 1-year high of $17.10. The firm’s 50 day moving average is $9.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.19.

Gauzy (NASDAQ:GAUZ) last announced 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 business had revenue of $24.41 million during the quarter, compared to analysts’ expectations of $23.83 million. Research analysts predict that Gauzy will post -1.95 earnings per share for the current fiscal year.

Institutional Trading of Gauzy

Large investors have recently added to or reduced their stakes in the company. Ibex Investors LLC acquired a new position in shares of Gauzy in the 2nd quarter worth approximately $40,030,000. Driehaus Capital Management LLC acquired a new stake in Gauzy during the 2nd quarter valued at $4,289,000. Millennium Management LLC bought a new position in Gauzy in the 2nd quarter valued at $2,824,000. Ghisallo Capital Management LLC acquired a new position in Gauzy in the second quarter worth $1,491,000. Finally, Empyrean Capital Partners LP bought a new stake in shares of Gauzy during the second quarter worth $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.