Gauzy (NASDAQ:GAUZ) Price Target Cut to $15.00 by Analysts at Barclays

Gauzy (NASDAQ:GAUZ) had its target price cut by equities researchers at Barclays from $24.00 to $15.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 93.30% from the stock’s previous close.

Separately, TD Cowen reduced their price target on Gauzy from $24.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, November 1st.

Gauzy Stock Performance

NASDAQ:GAUZ opened at $7.76 on Wednesday. The firm’s 50 day moving average is $9.15. 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 12-month low of $7.36 and a 12-month high of $17.10.

Institutional Trading of Gauzy

Several institutional investors have recently made changes to their positions in GAUZ. Ghisallo Capital Management LLC purchased a new stake in Gauzy in the 2nd quarter worth approximately $1,491,000. Driehaus Capital Management LLC purchased a new stake in shares of Gauzy during the second quarter worth $4,289,000. Millennium Management LLC acquired a new stake in Gauzy during the second quarter valued at $2,824,000. Empyrean Capital Partners LP purchased a new position in Gauzy in the second quarter valued at about $1,202,000. Finally, Point72 DIFC Ltd acquired a new position in Gauzy in the 2nd quarter worth about $170,000.

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.