B. Riley Issues Pessimistic Forecast for Gauzy (NASDAQ:GAUZ) Stock Price

Gauzy (NASDAQ:GAUZ) had its target price decreased by B. Riley from $15.50 to $14.00 in a report released on Wednesday morning,Benzinga reports. B. Riley currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Barclays decreased their price objective on Gauzy from $24.00 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday. TD Cowen decreased their price objective 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 Down 7.6 %

NASDAQ GAUZ opened at $7.17 on Wednesday. The stock has a 50-day moving average of $9.07. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.19. Gauzy has a 52 week low of $7.07 and a 52 week high of $17.10.

Institutional Trading of Gauzy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new stake in Gauzy during the 2nd quarter valued at approximately $170,000. Skylands Capital LLC bought a new stake in Gauzy during the 2nd quarter valued at approximately $825,000. Empyrean Capital Partners LP purchased a new position in Gauzy during the 2nd quarter valued at approximately $1,202,000. Stifel Financial Corp increased its stake in Gauzy by 320.9% in the 3rd quarter. Stifel Financial Corp now owns 111,748 shares of the company’s stock worth $989,000 after acquiring an additional 85,198 shares during the last quarter. Finally, Ghisallo Capital Management LLC purchased a new stake in shares of Gauzy during the 2nd quarter worth approximately $1,491,000.

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.