Millennium Management LLC Sells 135,183 Shares of Gauzy (NASDAQ:GAUZ)

Millennium Management LLC lessened its stake in Gauzy (NASDAQ:GAUZ - Free Report) by 70.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,170 shares of the company's stock after selling 135,183 shares during the quarter. Millennium Management LLC owned about 0.29% of Gauzy worth $557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. WR Wealth Planners LLC raised its holdings in shares of Gauzy by 200.0% during the 4th quarter. WR Wealth Planners LLC now owns 3,000 shares of the company's stock worth $30,000 after buying an additional 2,000 shares in the last quarter. Stifel Financial Corp grew its position in Gauzy by 85.5% in the fourth quarter. Stifel Financial Corp now owns 207,275 shares of the company's stock valued at $2,054,000 after acquiring an additional 95,527 shares during the last quarter. Northern Trust Corp acquired a new position in Gauzy during the fourth quarter worth about $505,000. Connors Investor Services Inc. acquired a new position in Gauzy during the fourth quarter worth about $109,000. Finally, Citadel Advisors LLC lifted its holdings in shares of Gauzy by 4.9% in the fourth quarter. Citadel Advisors LLC now owns 441,864 shares of the company's stock worth $4,379,000 after acquiring an additional 20,674 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GAUZ shares. B. Riley reduced their price target on shares of Gauzy from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Thursday, May 15th. Barclays cut 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. TD Cowen downgraded shares of Gauzy from a "buy" rating to a "hold" rating and set a $10.00 price target for the company. in a report on Friday, March 7th. Cowen cut Gauzy from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Wall Street Zen downgraded Gauzy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Gauzy presently has an average rating of "Hold" and a consensus target price of $13.50.

Gauzy Trading Up 4.6%

GAUZ opened at $8.50 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 0.85. Gauzy has a fifty-two week low of $6.78 and a fifty-two week high of $15.90. The company's 50 day moving average price is $8.83 and its two-hundred day moving average price is $9.48. The firm has a market capitalization of $161.96 million and a price-to-earnings ratio of -2.08.

Gauzy (NASDAQ:GAUZ - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.19). The company had revenue of $22.37 million for the quarter, compared to the consensus estimate of $26.91 million. As a group, research analysts predict that Gauzy will post -2.26 earnings per share for the current year.

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.

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