Zimmer Partners LP Increases Holdings in Gauzy (NASDAQ:GAUZ)

Zimmer Partners LP boosted its holdings in shares of Gauzy (NASDAQ:GAUZ - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 649,903 shares of the company's stock after purchasing an additional 58,587 shares during the period. Zimmer Partners LP owned about 3.41% of Gauzy worth $6,441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Citadel Advisors LLC grew its holdings in shares of Gauzy by 4.9% during the 4th 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 period. Stifel Financial Corp grew its holdings in shares of Gauzy by 85.5% during the 4th quarter. Stifel Financial Corp now owns 207,275 shares of the company's stock worth $2,054,000 after acquiring an additional 95,527 shares during the period. Connors Investor Services Inc. purchased a new position in shares of Gauzy during the 4th quarter worth approximately $109,000. WR Wealth Planners LLC grew 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 acquiring an additional 2,000 shares during the period. Finally, Northern Trust Corp purchased a new position in shares of Gauzy during the 4th quarter worth approximately $505,000.

Gauzy Stock Performance

GAUZ stock opened at $8.61 on Tuesday. The stock has a market capitalization of $164.05 million and a PE ratio of -2.11. Gauzy has a 12-month low of $6.78 and a 12-month high of $17.10. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.40. The stock's 50 day simple moving average is $9.07 and its 200 day simple moving average is $9.45.

Gauzy (NASDAQ:GAUZ - Get Free Report) last released its quarterly earnings data 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 company had revenue of $22.37 million during the quarter, compared to analyst estimates of $26.91 million. As a group, research analysts forecast that Gauzy will post -2.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. TD Cowen downgraded Gauzy from a "buy" rating to a "hold" rating and set a $10.00 target price on the stock. in a report on Friday, March 7th. Cowen cut Gauzy from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. 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, B. Riley dropped their price target on Gauzy from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Gauzy presently has an average rating of "Moderate Buy" and an average target price of $13.50.

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.

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