Voxeljet (VJET) PT Lowered to $4.75

Voxeljet (NYSE:VJET) had its price target trimmed by Piper Jaffray Companies from $5.50 to $4.75 in a research note issued to investors on Monday, The Fly reports. The brokerage currently has an overweight rating on the technology company’s stock. Piper Jaffray Companies also issued estimates for Voxeljet’s Q2 2019 earnings at ($0.11) EPS, Q3 2019 earnings at ($0.07) EPS, FY2019 earnings at ($0.33) EPS, Q1 2020 earnings at ($0.09) EPS, Q2 2020 earnings at ($0.08) EPS and Q3 2020 earnings at ($0.06) EPS.

VJET has been the topic of a number of other reports. ValuEngine lowered Voxeljet from a hold rating to a sell rating in a research report on Wednesday, May 1st. Zacks Investment Research raised Voxeljet from a sell rating to a buy rating and set a $2.50 target price on the stock in a research report on Friday, April 12th.

Shares of VJET opened at $1.78 on Monday. Voxeljet has a 52-week low of $1.55 and a 52-week high of $4.75. The company has a market capitalization of $42.80 million, a price-to-earnings ratio of -3.42 and a beta of 3.18. The company has a current ratio of 5.42, a quick ratio of 3.77 and a debt-to-equity ratio of 0.46.

Voxeljet (NYSE:VJET) last announced its earnings results on Thursday, May 16th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.03). Voxeljet had a negative net margin of 36.42% and a negative return on equity of 23.03%. The business had revenue of $6.32 million during the quarter, compared to analyst estimates of $5.60 million. Sell-side analysts expect that Voxeljet will post -0.3 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Voxeljet stock. Bank of America Corp DE raised its holdings in Voxeljet AG (NYSE:VJET) by 140.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,660,395 shares of the technology company’s stock after purchasing an additional 969,960 shares during the period. Bank of America Corp DE owned about 8.93% of Voxeljet worth $2,823,000 as of its most recent SEC filing. Institutional investors own 27.49% of the company’s stock.

About Voxeljet

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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