Paula Beck Whitten-Doolin Sells 32,000 Shares of Vuzix (NASDAQ:VUZI) Stock

Vuzix Corporation (NASDAQ:VUZI) Director Paula Beck Whitten-Doolin sold 32,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $4.68, for a total value of $149,760.00. Following the completion of the transaction, the director directly owned 90,668 shares of the company’s stock, valued at $424,326.24. The trade was a 26.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Vuzix Trading Down 4.9%

Shares of NASDAQ:VUZI opened at $4.50 on Friday. Vuzix Corporation has a 12-month low of $1.83 and a 12-month high of $5.62. The company has a market capitalization of $374.22 million, a PE ratio of -11.25 and a beta of 1.52. The business has a 50 day moving average of $2.90 and a two-hundred day moving average of $2.85.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Vuzix had a negative return on equity of 116.50% and a negative net margin of 504.12%.The company had revenue of $1.39 million during the quarter, compared to the consensus estimate of $1.35 million.

Wall Street Analysts Forecast Growth

VUZI has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Vuzix in a research report on Friday, April 17th. Wall Street Zen upgraded Vuzix from a “sell” rating to a “hold” rating in a research report on Sunday, May 24th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vuzix has an average rating of “Hold”.

Institutional Trading of Vuzix

Several large investors have recently made changes to their positions in VUZI. Millennium Management LLC increased its position in shares of Vuzix by 278.1% during the first quarter. Millennium Management LLC now owns 1,911,972 shares of the company’s stock worth $3,900,000 after purchasing an additional 1,406,234 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Vuzix by 59.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,900 shares of the company’s stock worth $885,000 after purchasing an additional 162,229 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Vuzix by 101.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,519,934 shares of the company’s stock worth $4,439,000 after purchasing an additional 766,420 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Vuzix during the 2nd quarter worth approximately $1,274,000. Finally, Rhumbline Advisers acquired a new position in shares of Vuzix during the 2nd quarter worth approximately $269,000. 35.87% of the stock is currently owned by hedge funds and other institutional investors.

Vuzix Company Profile

Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.