B. Riley Lowers Gauzy (NASDAQ:GAUZ) Price Target to $14.00

Gauzy (NASDAQ:GAUZ) had its target price cut by equities researchers at B. Riley from $15.50 to $14.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective would indicate a potential upside of 80.41% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Barclays lowered their target price on shares of Gauzy from $24.00 to $15.00 and set an “overweight” rating for the company in a report on Wednesday. TD Cowen cut their target price on Gauzy from $24.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, November 1st.

Gauzy Stock Performance

NASDAQ:GAUZ opened at $7.76 on Wednesday. The firm’s fifty day moving average is $9.15. Gauzy has a fifty-two week low of $7.36 and a fifty-two week high of $17.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.19.

Institutional Investors Weigh In On Gauzy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd purchased a new position in shares of Gauzy during the second quarter worth approximately $170,000. Skylands Capital LLC purchased a new position in Gauzy during the 2nd quarter worth $825,000. Empyrean Capital Partners LP bought a new stake in Gauzy during the 2nd quarter valued at $1,202,000. Ghisallo Capital Management LLC purchased a new stake in shares of Gauzy in the 2nd quarter worth $1,491,000. Finally, Millennium Management LLC purchased a new position in shares of Gauzy during the second quarter valued at $2,824,000.

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.