Citigroup Inc. Downgrades Voxeljet AG (VJET) to Sell
Voxeljet AG (NYSE:VJET) was downgraded by stock analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating in a research note issued on Friday. They presently have a $3.50 price objective on the stock, down from their prior price objective of $5.00. Citigroup Inc.’s price target would indicate a potential downside of 10.03% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Piper Jaffray Cos. reduced their price target on shares of Voxeljet AG from $7.30 to $5.70 and set an “overweight” rating on the stock in a research report on Monday, August 15th. Zacks Investment Research cut shares of Voxeljet AG from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.09.
Voxeljet AG (NYSE:VJET) opened at 3.93 on Friday. The company’s market cap is $73.10 million. Voxeljet AG has a 52-week low of $3.50 and a 52-week high of $6.50. The company has a 50-day moving average of $4.40 and a 200 day moving average of $4.66.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. A.R.T. Advisors LLC purchased a new position in Voxeljet AG during the second quarter valued at approximately $122,000. Bank of New York Mellon Corp raised its position in Voxeljet AG by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 44,207 shares of the company’s stock valued at $201,000 after buying an additional 680 shares during the last quarter. Finally, UBS Group AG raised its position in Voxeljet AG by 10.3% in the first quarter. UBS Group AG now owns 128,635 shares of the company’s stock valued at $785,000 after buying an additional 11,975 shares during the last quarter. 2.22% of the stock is owned by institutional investors.
Voxeljet AG Company Profile
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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