Cowen and Company Lowers Voxeljet AG (VJET) Price Target to $3.00

Voxeljet AG (NYSE:VJET) had its target price decreased by Cowen and Company from $3.50 to $3.00 in a report published on Monday morning. Cowen and Company currently has a market perform rating on the technology company’s stock.

Several other research analysts have also issued reports on the company. Citigroup Inc raised Voxeljet AG from a sell rating to a buy rating and set a $3.50 target price on the stock in a research report on Monday, April 3rd. Zacks Investment Research lowered Voxeljet AG from a hold rating to a sell rating in a research report on Saturday, March 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Voxeljet AG presently has a consensus rating of Hold and an average price target of $4.36.

Shares of Voxeljet AG (NYSE:VJET) traded up 2.11% during trading on Monday, hitting $2.91. The stock had a trading volume of 37,057 shares. Voxeljet AG has a 12 month low of $2.61 and a 12 month high of $6.50. The company’s market cap is $54.13 million. The stock has a 50-day moving average price of $2.85 and a 200 day moving average price of $3.42.

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A hedge fund recently bought a new stake in Voxeljet AG stock. ARK Investment Management LLC acquired a new position in shares of Voxeljet AG (NYSE:VJET) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 154,626 shares of the technology company’s stock, valued at approximately $444,000. ARK Investment Management LLC owned about 0.83% of Voxeljet AG at the end of the most recent reporting period. Institutional investors and hedge funds own 2.19% of the company’s stock.

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.

5 Day Chart for NYSE:VJET

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