Gauzy’s (NASDAQ:GAUZ) Lock-Up Period To End on December 3rd

Gauzy’s (NASDAQ:GAUZ) lock-up period will end on Tuesday, December 3rd. Gauzy had issued 4,411,765 shares in its initial public offering on June 6th. The total size of the offering was $75,000,005 based on an initial share price of $17.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analysts Set New Price Targets

A number of brokerages have issued reports on GAUZ. TD Cowen decreased their price target on Gauzy from $24.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Barclays reduced their target price on shares of Gauzy from $24.00 to $15.00 and set an “overweight” rating on the stock in a report on Wednesday, November 13th. Finally, B. Riley reduced their price objective on Gauzy from $15.50 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th.

Gauzy Stock Down 1.5 %

Shares of GAUZ stock opened at $7.96 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.40. Gauzy has a one year low of $6.78 and a one year high of $17.10. The stock’s 50-day moving average is $8.80.

Hedge Funds Weigh In On Gauzy

Large investors have recently modified their holdings of the stock. Point72 DIFC Ltd bought a new position in Gauzy during the 2nd quarter worth approximately $170,000. Skylands Capital LLC bought a new position in Gauzy during the second quarter worth $825,000. Empyrean Capital Partners LP bought a new position in Gauzy during the second quarter worth $1,202,000. Stifel Financial Corp lifted its stake in Gauzy by 320.9% during the third quarter. Stifel Financial Corp now owns 111,748 shares of the company’s stock worth $989,000 after purchasing an additional 85,198 shares during the last quarter. Finally, Ghisallo Capital Management LLC bought a new position in shares of Gauzy in the 2nd quarter worth about $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.