ProShare Advisors LLC Buys 36,852 Shares of Vuzix Corporation $VUZI

ProShare Advisors LLC increased its stake in shares of Vuzix Corporation (NASDAQ:VUZI) by 59.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,710 shares of the company’s stock after buying an additional 36,852 shares during the quarter. ProShare Advisors LLC owned about 0.13% of Vuzix worth $288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Vuzix during the 2nd quarter valued at $32,000. American Century Companies Inc. acquired a new position in Vuzix in the first quarter valued at about $35,000. Laidlaw Wealth Management LLC bought a new stake in Vuzix during the first quarter worth about $70,000. Los Angeles Capital Management LLC bought a new stake in Vuzix during the second quarter worth about $108,000. Finally, PEAK6 LLC acquired a new stake in Vuzix during the first quarter worth about $111,000. 35.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of Vuzix from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Vuzix in a research report on Wednesday, October 8th. Finally, Craig Hallum reissued a “buy” rating on shares of Vuzix in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Vuzix currently has an average rating of “Hold”.

Vuzix Trading Up 5.9%

Shares of NASDAQ VUZI opened at $2.17 on Friday. The company has a market cap of $173.87 million, a price-to-earnings ratio of -4.25 and a beta of 1.66. Vuzix Corporation has a 12 month low of $1.27 and a 12 month high of $5.79. The stock has a 50-day moving average price of $3.16 and a two-hundred day moving average price of $2.71.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company had revenue of $1.16 million for the quarter, compared to analyst estimates of $1.92 million. Vuzix had a negative net margin of 707.90% and a negative return on equity of 113.11%.

Vuzix Profile

Vuzix Corporation designs, manufactures, and markets smart glasses and augmented reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. The company’s products include head-mounted smart personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as original equipment manufacturer waveguide optical components and display engines.