Vuzix (VUZI) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Vuzix (NASDAQ:VUZI) from a sell rating to a hold rating in a research report report published on Tuesday morning.

According to Zacks, “Vuzix Corporation designs, manufactures, and sells display devices that are worn like eyeglasses and feature built-in video screens that enable the user to view video and digital content, such as movies, computer data, the Internet or video games. It produces both monocular and binocular Video Eyewear devices. The Company focuses on consumer markets for gaming and mobile video and on rugged mobile displays for defence and industrial applications. Vuzix Corporation is based in Rochester, New York. “

Separately, Maxim Group restated a buy rating and set a $11.00 price target on shares of Vuzix in a research note on Wednesday, September 6th.

Vuzix (VUZI) traded down $0.10 on Tuesday, reaching $5.70. 286,700 shares of the company’s stock were exchanged, compared to its average volume of 239,277. Vuzix has a 52-week low of $4.10 and a 52-week high of $7.80.

In other Vuzix news, Director Edward William Jr. Kay bought 10,000 shares of Vuzix stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $5.95 per share, with a total value of $59,500.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Paul A. Boris bought 5,000 shares of Vuzix stock in a transaction that occurred on Wednesday, October 4th. The shares were acquired at an average cost of $5.20 per share, for a total transaction of $26,000.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 24,300 shares of company stock worth $136,765 in the last ninety days. 18.40% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. GSA Capital Partners LLP lifted its position in Vuzix by 261.3% during the 2nd quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock valued at $251,000 after acquiring an additional 27,700 shares during the period. Vanguard Group Inc. increased its stake in Vuzix by 15.0% during the 2nd quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock valued at $4,232,000 after purchasing an additional 84,127 shares in the last quarter. Finally, ETF Managers Group LLC bought a new stake in Vuzix during the 2nd quarter valued at about $236,000. 8.65% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at

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.

Receive News & Ratings for Vuzix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vuzix and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply