voxeljet AG (VJET) Given a $6.00 Price Target by Cowen and Company Analysts

voxeljet AG (NYSE:VJET) has been given a $6.00 price target by equities researchers at Cowen and Company in a note issued to investors on Sunday. The firm currently has a “buy” rating on the technology company’s stock. Cowen and Company’s price target points to a potential upside of 21.21% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of voxeljet AG from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine raised shares of voxeljet AG from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $8.00 price objective on shares of voxeljet AG in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. voxeljet AG currently has an average rating of “Hold” and an average target price of $6.33.

voxeljet AG (NYSE VJET) opened at 4.95 on Friday. voxeljet AG has a 1-year low of $2.61 and a 1-year high of $6.37. The company has a 50-day moving average of $4.91 and a 200-day moving average of $4.39. The company’s market capitalization is $92.07 million.

voxeljet AG (NYSE:VJET) last released its quarterly earnings data on Monday, August 14th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.06). The company had revenue of $5.66 million during the quarter. voxeljet AG had a negative net margin of 55.57% and a negative return on equity of 22.77%. Equities analysts expect that voxeljet AG will post ($0.35) EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in VJET. Trent Capital Management Inc. NC purchased a new stake in voxeljet AG in the 2nd quarter valued at about $143,000. Symmetry Peak Management LLC purchased a new stake in voxeljet AG in the 2nd quarter valued at about $146,000. Finally, Bank of New York Mellon Corp boosted its position in voxeljet AG by 24.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,946 shares of the technology company’s stock valued at $205,000 after buying an additional 9,308 shares during the period. 3.27% of the stock is owned by institutional investors.

About voxeljet AG

Voxeljet AG is a Germany-based company engaged in manufacture and sales of three-dimensional (3D) printers. The Company’s offer is aimed at industrial companies active in fields such as aerospace, automotive, engineering, architecture, science, medicine, art, film and entertainment. The Company is divided in two business areas: voxeljet SYSTEMS and voxeljet SERVICES.

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