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

Gauzy (NASDAQ:GAUZ) had its target price cut by TD Cowen from $24.00 to $18.00 in a report published on Friday, MarketBeat.com reports. They currently have a buy rating on the stock.

Gauzy Stock Performance

Gauzy stock opened at $8.57 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. Gauzy has a 12 month low of $8.17 and a 12 month high of $17.10. The stock has a 50-day moving average price of $9.49.

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

Institutional Investors Weigh In On Gauzy

A number of large investors have recently modified their holdings of GAUZ. Ibex Investors LLC acquired a new position in shares of Gauzy during the second quarter worth $40,030,000. Driehaus Capital Management LLC purchased a new stake in shares of Gauzy during the second quarter worth about $4,289,000. Millennium Management LLC acquired a new position in shares of Gauzy in the second quarter worth about $2,824,000. Ghisallo Capital Management LLC purchased a new position in Gauzy in the second quarter valued at about $1,491,000. Finally, Empyrean Capital Partners LP purchased a new position in Gauzy in the second quarter valued at about $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.