Cowen Reiterates “$5.00” Price Target for Voxeljet (VJET)
Voxeljet (NYSE:VJET) has been assigned a $5.00 target price by stock analysts at Cowen in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the technology company’s stock. Cowen’s target price indicates a potential upside of 107.47% from the company’s current price.
A number of other research firms have also issued reports on VJET. Zacks Investment Research lowered shares of Voxeljet from a “hold” rating to a “sell” rating in a research report on Thursday, August 23rd. ValuEngine lowered shares of Voxeljet from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd.
VJET traded down $0.14 during trading on Monday, reaching $2.41. 1,500 shares of the company’s stock were exchanged, compared to its average volume of 246,909. Voxeljet has a 1 year low of $2.37 and a 1 year high of $5.73. The company has a current ratio of 4.17, a quick ratio of 2.64 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $47.43 million, a PE ratio of -4.46 and a beta of 2.90.
A hedge fund recently raised its stake in Voxeljet stock. Barclays PLC grew its position in shares of Voxeljet AG (NYSE:VJET) by 96,186.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,658 shares of the technology company’s stock after purchasing an additional 86,568 shares during the quarter. Barclays PLC owned approximately 0.47% of Voxeljet worth $297,000 as of its most recent SEC filing. Institutional investors own 6.29% 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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