Piper Jaffray Companies reiterated their overweight rating on shares of Voxeljet (NYSE:VJET) in a research report report published on Sunday, The Fly reports. Piper Jaffray Companies currently has a $3.00 target price on the technology company’s stock, down from their previous target price of $4.75. Piper Jaffray Companies also issued estimates for Voxeljet’s FY2021 earnings at ($0.27) EPS, FY2022 earnings at ($0.10) EPS and FY2023 earnings at $0.14 EPS.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Voxeljet from a sell rating to a hold rating in a report on Saturday, July 20th. ValuEngine upgraded shares of Voxeljet from a sell rating to a hold rating in a research note on Thursday, August 1st.
Shares of NYSE:VJET opened at $1.57 on Friday. The firm’s 50 day moving average price is $1.81 and its 200 day moving average price is $1.98. The stock has a market cap of $37.96 million, a price-to-earnings ratio of -3.02 and a beta of 2.91. Voxeljet has a fifty-two week low of $1.55 and a fifty-two week high of $4.75. The company has a quick ratio of 3.46, a current ratio of 5.45 and a debt-to-equity ratio of 0.50.
Voxeljet (NYSE:VJET) last issued its earnings results on Thursday, August 15th. The technology company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.07). The firm had revenue of $5.68 million during the quarter, compared to analyst estimates of $5.60 million. Voxeljet had a negative net margin of 40.56% and a negative return on equity of 25.28%. On average, equities analysts anticipate that Voxeljet will post -0.33 EPS for the current year.
A number of institutional investors have recently made changes to their positions in VJET. Bank of America Corp DE grew its position in shares of Voxeljet by 140.5% during the fourth quarter. Bank of America Corp DE now owns 1,660,395 shares of the technology company’s stock worth $2,823,000 after acquiring an additional 969,960 shares during the last quarter. Susquehanna International Group LLP grew its position in shares of Voxeljet by 54.6% during the second quarter. Susquehanna International Group LLP now owns 40,549 shares of the technology company’s stock worth $75,000 after acquiring an additional 14,316 shares during the last quarter. Citadel Advisors LLC grew its position in shares of Voxeljet by 162.2% during the second quarter. Citadel Advisors LLC now owns 70,230 shares of the technology company’s stock worth $129,000 after acquiring an additional 43,449 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Voxeljet by 44.8% during the second quarter. Morgan Stanley now owns 160,687 shares of the technology company’s stock worth $294,000 after acquiring an additional 49,750 shares during the last quarter. Institutional investors own 21.32% of the company’s stock.
voxeljet AG provides three-dimensional (3D) printers and on-demand parts services to industrial and commercial customers worldwide. The company operates in two segments, Systems and Services. The Systems segment develops, produces, and sells 3D printers. This segment also offers consumables, including particulate materials and proprietary chemical binding agents, maintenance contracts, and spare parts.
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