Piper Jaffray Companies reaffirmed their overweight rating on shares of Voxeljet (NYSE:VJET) in a research report sent to investors on Sunday, The Fly reports. They currently have a $3.00 price target on the technology company’s stock, down from their previous price target of $4.75.
Several other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Voxeljet from a sell rating to a hold rating in a research report on Saturday, July 20th. ValuEngine raised shares of Voxeljet from a sell rating to a hold rating in a research report on Thursday, August 1st.
NYSE:VJET opened at $1.64 on Friday. The company has a market cap of $39.66 million, a PE ratio of -3.15 and a beta of 2.91. Voxeljet has a twelve month low of $1.55 and a twelve month high of $4.75. The company has a current ratio of 5.45, a quick ratio of 3.46 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $1.82 and its two-hundred day moving average is $1.98.
Voxeljet (NYSE:VJET) last released its earnings results on Thursday, August 15th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.07). The company had revenue of $5.68 million for the quarter, compared to analysts’ expectations of $5.60 million. Voxeljet had a negative return on equity of 25.28% and a negative net margin of 40.56%. As a group, analysts expect that Voxeljet will post -0.33 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in Voxeljet by 140.5% during the 4th quarter. Bank of America Corp DE now owns 1,660,395 shares of the technology company’s stock valued at $2,823,000 after acquiring an additional 969,960 shares during the period. Susquehanna International Group LLP lifted its stake in Voxeljet by 54.6% during the 2nd quarter. Susquehanna International Group LLP now owns 40,549 shares of the technology company’s stock valued at $75,000 after acquiring an additional 14,316 shares during the period. Citadel Advisors LLC lifted its stake in Voxeljet by 162.2% during the 2nd quarter. Citadel Advisors LLC now owns 70,230 shares of the technology company’s stock valued at $129,000 after acquiring an additional 43,449 shares during the period. Finally, Morgan Stanley lifted its stake in Voxeljet by 44.8% during the 2nd quarter. Morgan Stanley now owns 160,687 shares of the technology company’s stock valued at $294,000 after acquiring an additional 49,750 shares during the period. Institutional investors and hedge funds own 21.32% of the company’s stock.
voxeljet AG provides three-dimensional (3D) printers and on-demand parts services to industrial and commercial customers worldwide. The company operates in two segments, Systems and Services. The Systems segment develops, produces, and sells 3D printers. This segment also offers consumables, including particulate materials and proprietary chemical binding agents, maintenance contracts, and spare parts.
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