Vuzix Co. (NASDAQ:VUZI) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price objective of $10.50 for the company, according to Zacks. Zacks has also assigned Vuzix an industry rank of 107 out of 265 based on the ratings given to related companies.

A number of research analysts have recently weighed in on VUZI shares. Craig Hallum started coverage on Vuzix in a research report on Monday. They issued a “buy” rating for the company. Chardan Capital set a $10.00 price target on Vuzix and gave the company a “buy” rating in a research report on Monday, January 1st. Finally, Zacks Investment Research upgraded Vuzix from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research report on Thursday, September 14th.

In other Vuzix news, Director Edward William Jr. Kay purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $5.95 per share, with a total value of $59,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Paul A. Boris purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was acquired 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. In the last quarter, insiders have purchased 22,000 shares of company stock valued at $126,930. 18.40% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of VUZI. GSA Capital Partners LLP boosted its stake in 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. boosted its stake in 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 acquired a new stake in Vuzix in the 2nd quarter worth about $236,000. 7.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Vuzix (NASDAQ:VUZI) traded up $0.15 during mid-day trading on Friday, hitting $8.75. The stock had a trading volume of 1,710,000 shares, compared to its average volume of 626,462. Vuzix has a twelve month low of $4.10 and a twelve month high of $9.55. The stock has a market capitalization of $208.72, a PE ratio of -7.95 and a beta of 1.16.

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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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