Ibex Investors LLC Sells 798,654 Shares of Gauzy Ltd. (NASDAQ:GAUZ)

Key Points

• Ibex Investors LLC has decreased its holdings in Gauzy Ltd. by 24.0%, owning approximately 2.53 million shares valued at around $20.26 million.
• Recent analyst reports have seen a series of price target reductions for Gauzy, with the consensus target now at $12.00 and a mix of buy, hold, and sell ratings.
• Gauzy's recent earnings report showed a significant miss with an EPS of ($0.54), falling short of analysts' expectations and revenue of $22.37 million against an estimate of $26.91 million.

Ibex Investors LLC cut its position in Gauzy Ltd. (NASDAQ:GAUZ - Free Report) by 24.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,532,865 shares of the company's stock after selling 798,654 shares during the quarter. Gauzy makes up 26.9% of Ibex Investors LLC's investment portfolio, making the stock its 2nd biggest holding. Ibex Investors LLC owned about 13.29% of Gauzy worth $20,263,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Kingsview Wealth Management LLC purchased a new position in Gauzy during the 1st quarter worth $82,000. Signaturefd LLC purchased a new position in Gauzy during the first quarter worth about $28,000. Schechter Investment Advisors LLC acquired a new stake in Gauzy in the first quarter valued at about $2,782,000. Zimmer Partners LP lifted its position in Gauzy by 9.9% in the fourth quarter. Zimmer Partners LP now owns 649,903 shares of the company's stock valued at $6,441,000 after purchasing an additional 58,587 shares during the period. Finally, Citadel Advisors LLC boosted its stake in shares of Gauzy by 4.9% in the fourth quarter. Citadel Advisors LLC now owns 441,864 shares of the company's stock valued at $4,379,000 after buying an additional 20,674 shares in the last quarter.

Gauzy Price Performance

NASDAQ GAUZ traded down $0.14 during trading hours on Thursday, reaching $6.77. The company's stock had a trading volume of 31,979 shares, compared to its average volume of 116,418. The company's 50-day moving average is $7.87 and its two-hundred day moving average is $9.15. The stock has a market cap of $128.87 million and a PE ratio of -1.65. Gauzy Ltd. has a fifty-two week low of $5.50 and a fifty-two week high of $13.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.53 and a current ratio of 0.81.

Gauzy (NASDAQ:GAUZ - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.19). Gauzy had a negative net margin of 50.13% and a negative return on equity of 62.32%. The firm had revenue of $22.37 million during the quarter, compared to analyst estimates of $26.91 million. Analysts forecast that Gauzy Ltd. will post -2.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. B. Riley cut their price objective on Gauzy from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. Barclays lowered their target price on shares of Gauzy from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 14th. Finally, Wall Street Zen downgraded shares of Gauzy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Gauzy has a consensus rating of "Hold" and a consensus price target of $12.00.

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.