Insider Buying: Vuzix Corporation (VUZI) Insider Buys $12,535.00 in Stock
Vuzix Corporation (NASDAQ:VUZI) insider Paul J. Travers acquired 2,300 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were bought at an average price of $5.45 per share, with a total value of $12,535.00. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Vuzix Corporation (NASDAQ VUZI) opened at 5.45 on Monday. Vuzix Corporation has a 12 month low of $4.10 and a 12 month high of $9.01. The company’s 50-day moving average is $6.01 and its 200-day moving average is $6.14. The firm’s market cap is $112.67 million.
Vuzix Corporation (NASDAQ:VUZI) last posted its quarterly earnings data on Wednesday, August 9th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Vuzix Corporation had a negative net margin of 524.82% and a negative return on equity of 143.10%. The firm had revenue of $1.33 million for the quarter. On average, equities research analysts forecast that Vuzix Corporation will post ($0.76) earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in VUZI. Carl Domino Inc lifted its position in shares of Vuzix Corporation by 11.4% in the 2nd quarter. Carl Domino Inc now owns 39,000 shares of the company’s stock valued at $255,000 after acquiring an additional 4,000 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Vuzix Corporation in the 1st quarter worth approximately $108,000. GSA Capital Partners LLP boosted its stake in Vuzix Corporation by 261.3% in the 2nd quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock worth $251,000 after purchasing an additional 27,700 shares during the period. ETF Managers Group LLC purchased a new position in Vuzix Corporation during the 2nd quarter worth approximately $236,000. Finally, KCG Holdings Inc. purchased a new position in Vuzix Corporation during the 1st quarter worth approximately $243,000. Institutional investors and hedge funds own 8.60% of the company’s stock.
A number of research firms have issued reports on VUZI. Maxim Group restated a “buy” rating and issued a $11.00 target price on shares of Vuzix Corporation in a report on Wednesday, September 6th. Zacks Investment Research raised shares of Vuzix Corporation from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research note on Thursday, July 13th.
About Vuzix Corporation
Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The companys products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.
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