BidaskClub lowered shares of Vuzix (NASDAQ:VUZI) from a buy rating to a hold rating in a report released on Tuesday.

Other equities research analysts have also issued research reports about the stock. Craig Hallum initiated coverage on shares of Vuzix in a report on Monday, January 8th. They set a buy rating for the company. Chardan Capital set a $10.00 target price on shares of Vuzix and gave the company a buy rating in a research report on Monday, January 1st. Finally, Zacks Investment Research downgraded shares of Vuzix from a buy rating to a hold rating in a research report on Sunday, January 21st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $9.75.

Shares of Vuzix (NASDAQ:VUZI) traded down $0.24 on Tuesday, reaching $8.46. 174,068 shares of the company were exchanged, compared to its average volume of 1,455,276. Vuzix has a one year low of $4.10 and a one year high of $11.40. The company has a market cap of $248.33 and a price-to-earnings ratio of -7.82.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings data on Thursday, November 9th. The company reported ($0.28) earnings per share for the quarter. Vuzix had a negative net margin of 440.45% and a negative return on equity of 134.55%. analysts expect that Vuzix will post -0.89 EPS for the current fiscal year.

In other news, Director Edward William Jr. Kay acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average price of $5.95 per share, with a total value of $59,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Paul A. Boris acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was purchased at an average cost of $5.74 per share, for a total transaction of $28,700.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,500 shares of company stock worth $103,225 in the last three months. Insiders own 18.40% of the company’s stock.

Institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP grew its position in shares of Vuzix 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 buying an additional 27,700 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Vuzix by 15.0% in the 2nd quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock worth $4,232,000 after buying an additional 84,127 shares during the last quarter. Finally, ETF Managers Group LLC purchased a new position in shares of Vuzix in the 2nd quarter worth approximately $236,000. 8.16% of the stock is currently owned by hedge funds and other institutional investors.

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About Vuzix

Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The company’s 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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