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

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

GAUZ has been the subject of several other reports. TD Cowen reduced their target price on shares of Gauzy from $24.00 to $18.00 and set a “buy” rating for the company in a report on Friday, November 1st. Barclays decreased their price objective on shares of Gauzy from $24.00 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday.

Gauzy Stock Performance

Shares of GAUZ opened at $7.76 on Wednesday. The stock has a 50-day moving average of $9.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.19 and a quick ratio of 1.03. Gauzy has a 52 week low of $7.36 and a 52 week high of $17.10.

Institutional Investors Weigh In On Gauzy

Several institutional investors and hedge funds have recently modified their holdings of GAUZ. Ibex Investors LLC purchased a new position in Gauzy during the second quarter valued at $40,030,000. Millennium Management LLC purchased a new position in shares of Gauzy during the second quarter valued at about $2,824,000. Driehaus Capital Management LLC purchased a new stake in shares of Gauzy in the second quarter worth about $4,289,000. Ghisallo Capital Management LLC purchased a new stake in shares of Gauzy in the second quarter worth about $1,491,000. Finally, Empyrean Capital Partners LP bought a new position in Gauzy during the second quarter valued at approximately $1,202,000.

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.