Schechter Investment Advisors LLC Invests $2.78 Million in Gauzy Ltd. (NASDAQ:GAUZ)

Schechter Investment Advisors LLC bought a new position in Gauzy Ltd. (NASDAQ:GAUZ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 347,792 shares of the company's stock, valued at approximately $2,782,000. Schechter Investment Advisors LLC owned about 1.83% of Gauzy at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. 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 last quarter. Citadel Advisors LLC lifted its holdings in Gauzy by 4.9% in the 4th quarter. Citadel Advisors LLC now owns 441,864 shares of the company's stock worth $4,379,000 after buying an additional 20,674 shares during the period. Connors Investor Services Inc. bought a new stake in shares of Gauzy in the 4th quarter worth approximately $109,000. Northern Trust Corp purchased a new position in shares of Gauzy during the fourth quarter valued at approximately $505,000. Finally, Stifel Financial Corp raised its holdings in shares of Gauzy by 85.5% during 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 in the last quarter.

Gauzy Stock Up 9.4%

NASDAQ:GAUZ traded up $0.56 on Friday, reaching $6.51. 8,074,794 shares of the stock traded hands, compared to its average volume of 83,917. The company's fifty day simple moving average is $8.42 and its 200 day simple moving average is $9.44. Gauzy Ltd. has a 12 month low of $5.50 and a 12 month high of $13.00. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $124.04 million and a price-to-earnings ratio of -1.60.

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

Analyst Ratings Changes

Several analysts recently weighed in on the stock. B. Riley cut their price target on shares of Gauzy from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. Barclays dropped their price target on 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 Gauzy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $12.00.

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.