Voxeljet (NYSE:VJET) Given “Overweight” Rating at Piper Jaffray Companies

Voxeljet (NYSE:VJET)‘s stock had its “overweight” rating reissued by research analysts at Piper Jaffray Companies in a research note issued to investors on Sunday, The Fly reports. They currently have a $3.00 target price on the technology company’s stock, down from their previous target price of $4.75. Piper Jaffray Companies’ price target points to a potential upside of 82.93% from the company’s current price.

Several other analysts have also commented on the stock. ValuEngine raised shares of Voxeljet from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of Voxeljet from a “sell” rating to a “hold” rating in a research report on Saturday, July 20th.

Shares of Voxeljet stock traded down $0.06 on Friday, hitting $1.64. 25,700 shares of the company were exchanged, compared to its average volume of 25,411. The stock has a market capitalization of $40.99 million, a price-to-earnings ratio of -3.15 and a beta of 2.91. The company has a 50-day moving average price of $1.84 and a 200 day moving average price of $1.99. Voxeljet has a 1-year low of $1.55 and a 1-year high of $4.75. The company has a quick ratio of 3.77, a current ratio of 5.42 and a debt-to-equity ratio of 0.46.

Voxeljet (NYSE:VJET) last issued its earnings results on Thursday, August 15th. The technology company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.07). The company had revenue of $5.68 million for the quarter, compared to analyst estimates of $5.60 million. Voxeljet had a negative return on equity of 24.93% and a negative net margin of 40.56%. Research analysts forecast that Voxeljet will post -0.33 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in VJET. Bank of America Corp DE raised its position in Voxeljet by 140.5% in the fourth quarter. Bank of America Corp DE now owns 1,660,395 shares of the technology company’s stock valued at $2,823,000 after purchasing an additional 969,960 shares during the period. Susquehanna International Group LLP raised its position in Voxeljet by 54.6% in the second quarter. Susquehanna International Group LLP now owns 40,549 shares of the technology company’s stock valued at $75,000 after purchasing an additional 14,316 shares during the period. Citadel Advisors LLC raised its position in Voxeljet by 162.2% in the second quarter. Citadel Advisors LLC now owns 70,230 shares of the technology company’s stock valued at $129,000 after purchasing an additional 43,449 shares during the period. Finally, Morgan Stanley raised its position in Voxeljet by 44.8% in the second quarter. Morgan Stanley now owns 160,687 shares of the technology company’s stock valued at $294,000 after purchasing an additional 49,750 shares during the period. 21.38% of the stock is currently owned by hedge funds and other institutional investors.

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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