TD Cowen Has Lowered Expectations for Gauzy (NASDAQ:GAUZ) Stock Price

Gauzy (NASDAQ:GAUZ) had its price target decreased by investment analysts at TD Cowen from $24.00 to $18.00 in a report released on Friday, Briefing.com reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 86.34% from the company’s previous close.

Gauzy Stock Down 2.7 %

Shares of GAUZ opened at $9.66 on Friday. The stock’s 50-day moving average is $9.61. 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 has a fifty-two week low of $8.17 and a fifty-two week high of $17.10.

Gauzy (NASDAQ:GAUZ) last announced its quarterly 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 business had revenue of $24.41 million during the quarter, compared to the consensus estimate of $23.83 million. On average, analysts anticipate that Gauzy will post -1.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gauzy

Several large investors have recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in shares of Gauzy in the second quarter valued at approximately $170,000. Skylands Capital LLC purchased a new position in Gauzy in the 2nd quarter valued at $825,000. Empyrean Capital Partners LP purchased a new stake in shares of Gauzy during the second quarter worth $1,202,000. Ghisallo Capital Management LLC acquired a new stake in shares of Gauzy in the second quarter valued at about $1,491,000. Finally, Millennium Management LLC purchased a new position in shares of Gauzy in the second quarter worth about $2,824,000.

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.