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

Gauzy (NASDAQ:GAUZ) had its price objective reduced by TD Cowen from $24.00 to $18.00 in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 101.12% from the company’s current price.

Gauzy Stock Performance

Shares of NASDAQ:GAUZ opened at $8.95 on Friday. The firm’s 50 day simple moving average is $9.55. 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 twelve month low of $8.17 and a twelve month high of $17.10.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ibex Investors LLC bought a new position in Gauzy during the second quarter valued at about $40,030,000. Driehaus Capital Management LLC bought a new stake in shares of Gauzy during the second quarter valued at approximately $4,289,000. Millennium Management LLC bought a new stake in shares of Gauzy during the second quarter valued at approximately $2,824,000. Ghisallo Capital Management LLC acquired a new position in shares of Gauzy in the second quarter valued at $1,491,000. Finally, Empyrean Capital Partners LP bought a new position in Gauzy in the second quarter worth $1,202,000.

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.