Driehaus Capital Management LLC Takes $4.29 Million Position in Gauzy (NASDAQ:GAUZ)

Driehaus Capital Management LLC bought a new position in Gauzy (NASDAQ:GAUZ - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 356,828 shares of the company's stock, valued at approximately $4,289,000. Driehaus Capital Management LLC owned approximately 1.87% of Gauzy at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Point72 DIFC Ltd purchased a new stake in shares of Gauzy in the 2nd quarter worth approximately $170,000. Skylands Capital LLC purchased a new stake in shares of Gauzy during the 2nd quarter worth $825,000. Empyrean Capital Partners LP bought a new stake in Gauzy during the second quarter valued at about $1,202,000. Millennium Management LLC purchased a new position in Gauzy in the second quarter valued at about $2,824,000. Finally, Ibex Investors LLC bought a new position in Gauzy in the second quarter worth about $40,030,000.

Analysts Set New Price Targets

Several research analysts recently commented on GAUZ shares. Stifel Nicolaus began coverage on shares of Gauzy in a research note on Monday, July 1st. They set a "buy" rating and a $18.00 price objective for the company. B. Riley initiated coverage on Gauzy in a report on Tuesday, July 2nd. They set a "buy" rating and a $21.00 price objective for the company. TD Cowen assumed coverage on Gauzy in a research note on Monday, July 1st. They set a "buy" rating and a $24.00 target price on the stock. Finally, Barclays began coverage on Gauzy in a research note on Monday, July 1st. They issued an "overweight" rating and a $24.00 price target for the company.

Gauzy Trading Down 3.7 %

Shares of Gauzy stock traded down $0.34 during trading hours on Monday, reaching $8.85. The stock had a trading volume of 19,819 shares, compared to its average volume of 75,229. The company's 50 day simple moving average is $10.07. 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 twelve month low of $8.17 and a twelve month high of $17.10.

Gauzy (NASDAQ:GAUZ - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($0.88) EPS for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.48). The firm had revenue of $24.41 million for the quarter, compared to analyst estimates of $23.83 million. As a group, equities analysts predict that Gauzy will post -1.96 earnings per share for the current fiscal year.

Gauzy 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.