Vuzix Corporation (NASDAQ:VUZI) received a $11.00 price target from equities researchers at Maxim Group in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Maxim Group’s price objective suggests a potential upside of 88.03% from the company’s current price.

Separately, Zacks Investment Research downgraded Vuzix Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.

Shares of Vuzix Corporation (NASDAQ VUZI) opened at 5.85 on Thursday. Vuzix Corporation has a 52 week low of $5.00 and a 52 week high of $9.80. The firm’s 50-day moving average is $6.31 and its 200 day moving average is $6.16. The firm’s market capitalization is $119.39 million.

Vuzix Corporation (NASDAQ:VUZI) last posted its quarterly earnings data on Wednesday, May 10th. The company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by $0.01. The firm had revenue of $1.21 million during the quarter, compared to analyst estimates of $0.73 million. Vuzix Corporation had a negative net margin of 660.74% and a negative return on equity of 151.81%. On average, equities analysts forecast that Vuzix Corporation will post ($0.84) earnings per share for the current year.

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Several large investors have recently bought and sold shares of VUZI. Carl Domino Inc increased its stake in shares of Vuzix Corporation by 11.4% in the second quarter. Carl Domino Inc now owns 39,000 shares of the company’s stock valued at $255,000 after buying an additional 4,000 shares in the last quarter. KCG Holdings Inc. bought a new stake in shares of Vuzix Corporation during the first quarter valued at $243,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Vuzix Corporation during the first quarter valued at $108,000. 10.02% of the stock is owned by institutional investors and hedge funds.

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