Ghisallo Capital Management LLC Acquires New Shares in Gauzy (NASDAQ:GAUZ)

Ghisallo Capital Management LLC acquired a new stake in Gauzy (NASDAQ:GAUZ) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 124,010 shares of the company’s stock, valued at approximately $1,491,000.

Other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd acquired a new position in Gauzy during the 2nd quarter valued at $170,000. Skylands Capital LLC bought a new stake in Gauzy in the 2nd quarter valued at $825,000. Empyrean Capital Partners LP bought a new stake in shares of Gauzy in the 2nd quarter worth about $1,202,000. Millennium Management LLC bought a new stake in shares of Gauzy in the 2nd quarter worth about $2,824,000. Finally, Driehaus Capital Management LLC bought a new stake in shares of Gauzy in the 2nd quarter worth about $4,289,000.

Gauzy Price Performance

Shares of Gauzy stock opened at $8.94 on Wednesday. Gauzy has a 52-week low of $8.17 and a 52-week high of $17.10. The company has a 50-day simple moving average of $10.00. 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 (NASDAQ:GAUZ) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.48). The company had revenue of $24.41 million for the quarter, compared to analyst estimates of $23.83 million. As a group, equities analysts forecast that Gauzy will post -1.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Stifel Nicolaus began coverage on shares of Gauzy in a report on Monday, July 1st. They set a “buy” rating and a $18.00 price objective on the stock. Barclays assumed coverage on shares of Gauzy in a research report on Monday, July 1st. They issued an “overweight” rating and a $24.00 price target on the stock. TD Cowen assumed coverage on shares of Gauzy in a report on Monday, July 1st. They set a “buy” rating and a $24.00 target price on the stock. Finally, B. Riley assumed coverage on shares of Gauzy in a report on Tuesday, July 2nd. They set a “buy” rating and a $21.00 target price on the stock.

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.