Gauzy’s (NASDAQ:GAUZ) Lock-Up Period Set To End Tomorrow

Gauzy’s (NASDAQ:GAUZ) lock-up period will end on Tuesday, December 3rd. Gauzy had issued 4,411,765 shares in its 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

Several research analysts have recently commented on the company. Barclays reduced their target price on Gauzy from $24.00 to $15.00 and set an “overweight” rating on the stock in a report on Wednesday, November 13th. 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. Finally, TD Cowen decreased their target price on Gauzy from $24.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, November 1st.

Gauzy Stock Up 2.0 %

NASDAQ:GAUZ opened at $8.12 on Monday. The stock’s fifty day moving average price is $8.75. Gauzy has a 52-week low of $6.78 and a 52-week high of $17.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.85 and a current ratio of 1.16.

Institutional Trading of Gauzy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in shares of Gauzy by 320.9% in the 3rd quarter. Stifel Financial Corp now owns 111,748 shares of the company’s stock valued at $989,000 after purchasing an additional 85,198 shares during the last quarter. Ghisallo Capital Management LLC acquired a new position in Gauzy in the second quarter valued at approximately $1,491,000. Driehaus Capital Management LLC bought a new position in Gauzy in the second quarter valued at approximately $4,289,000. Millennium Management LLC acquired a new stake in Gauzy during the 2nd quarter worth $2,824,000. Finally, Empyrean Capital Partners LP bought a new stake in shares of Gauzy during the 2nd quarter valued at $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.