VUZI has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Vuzix from a buy rating to a hold rating in a research note on Wednesday, October 18th. BidaskClub lowered shares of Vuzix from a buy rating to a hold rating in a research note on Tuesday. Chardan Capital set a $10.00 price objective on shares of Vuzix and gave the company a buy rating in a research note on Monday, January 1st. Finally, Craig Hallum assumed coverage on shares of Vuzix in a research note on Monday, January 8th. They set a buy rating on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $9.75.
Shares of Vuzix (NASDAQ:VUZI) opened at $9.10 on Wednesday. The stock has a market cap of $246.96, a P/E ratio of -8.27 and a beta of 1.16. Vuzix has a 12 month low of $4.10 and a 12 month high of $11.40.
In related news, Director Edward William Jr. Kay purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $5.95 per share, for a total transaction of $59,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Paul A. Boris purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was bought at an average price of $5.74 per share, with a total value of $28,700.00. The disclosure for this purchase can be found here. Insiders have bought 17,500 shares of company stock worth $103,225 in the last quarter. Insiders own 18.40% of the company’s stock.
Several large investors have recently modified their holdings of VUZI. GSA Capital Partners LLP increased its stake in shares of Vuzix by 261.3% in the second 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. increased its stake in shares of Vuzix by 15.0% in the second 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 bought a new stake in shares of Vuzix in the second quarter worth $236,000. Institutional investors and hedge funds own 8.16% of the company’s stock.
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Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The companys 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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