B. Riley Cuts Gauzy (NASDAQ:GAUZ) Price Target to $13.00

Gauzy (NASDAQ:GAUZ) had its price objective lowered by B. Riley from $14.00 to $13.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also commented on the company. TD Cowen lowered Gauzy from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a report on Friday, March 7th. Barclays cut their price target on Gauzy from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Cowen lowered Gauzy from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Gauzy presently has an average rating of “Moderate Buy” and an average price target of $13.50.

Gauzy Price Performance

Gauzy stock opened at $8.52 on Thursday. Gauzy has a one year low of $6.78 and a one year high of $17.10. The business has a fifty day moving average price of $9.11 and a 200-day moving average price of $9.45. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.40.

Gauzy (NASDAQ:GAUZ) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.19). The firm had revenue of $22.37 million during the quarter, compared to analysts’ expectations of $26.91 million. As a group, equities analysts anticipate that Gauzy will post -2.26 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GAUZ. Signaturefd LLC bought a new position in shares of Gauzy during the first quarter valued at about $28,000. WR Wealth Planners LLC grew its stake in shares of Gauzy by 200.0% during the fourth quarter. WR Wealth Planners LLC now owns 3,000 shares of the company’s stock valued at $30,000 after buying an additional 2,000 shares during the last quarter. SouthState Corp bought a new position in shares of Gauzy during the first quarter valued at about $56,000. Kingsview Wealth Management LLC bought a new position in shares of Gauzy during the first quarter valued at about $82,000. Finally, Connors Investor Services Inc. bought a new position in shares of Gauzy during the fourth quarter valued at about $109,000.

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.