Gauzy’s Lock-Up Period Set To End on December 3rd (NASDAQ:GAUZ)

Gauzy’s (NASDAQ:GAUZ) lock-up period will end on Tuesday, December 3rd. Gauzy had issued 4,411,765 shares in its initial public offering on June 6th. The total size of the offering was $75,000,005 based on an initial share price of $17.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Analysts Set New Price Targets

Several research firms recently issued reports on GAUZ. TD Cowen reduced their price objective on shares of Gauzy from $24.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, November 1st. B. Riley reduced their price objective on shares of Gauzy from $15.50 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Finally, Barclays reduced their price objective on shares of Gauzy from $24.00 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday, November 13th.

Gauzy Price Performance

NASDAQ GAUZ opened at $8.09 on Tuesday. The company has a 50-day simple moving average of $8.84. Gauzy has a twelve month low of $6.78 and a twelve month high of $17.10. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.40.

Hedge Funds Weigh In On Gauzy

Several large investors have recently bought and sold shares of the business. Skylands Capital LLC bought a new stake in Gauzy in the second quarter valued at approximately $825,000. Ibex Investors LLC bought a new stake in shares of Gauzy during the second quarter worth $40,030,000. Point72 DIFC Ltd bought a new stake in shares of Gauzy during the second quarter worth $170,000. Empyrean Capital Partners LP bought a new stake in shares of Gauzy during the second quarter worth $1,202,000. Finally, Millennium Management LLC bought a new stake in shares of Gauzy during the second quarter worth $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.