Vuzix Co. (NASDAQ:VUZI) Director Acquires $26,200.00 in Stock

Vuzix Co. (NASDAQ:VUZI) Director Timothy Heydenreich Harned purchased 20,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was bought at an average cost of $1.31 per share, with a total value of $26,200.00. Following the acquisition, the director now owns 186,016 shares of the company’s stock, valued at $243,680.96. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Vuzix Price Performance

VUZI opened at $1.34 on Friday. The company has a fifty day moving average price of $1.41 and a two-hundred day moving average price of $2.01. Vuzix Co. has a 52 week low of $1.10 and a 52 week high of $6.06.

Vuzix (NASDAQ:VUZI) last released its earnings results on Monday, April 15th. The company reported ($0.32) EPS for the quarter. Vuzix had a negative return on equity of 51.52% and a negative net margin of 413.47%. The business had revenue of $1.07 million for the quarter.

Institutional Trading of Vuzix

A number of institutional investors have recently bought and sold shares of the business. Taylor Frigon Capital Management LLC grew its holdings in Vuzix by 6.4% during the 4th quarter. Taylor Frigon Capital Management LLC now owns 359,359 shares of the company’s stock worth $749,000 after acquiring an additional 21,650 shares during the period. Bank of New York Mellon Corp lifted its holdings in Vuzix by 5.3% during the third quarter. Bank of New York Mellon Corp now owns 219,325 shares of the company’s stock worth $796,000 after acquiring an additional 11,079 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Vuzix by 23.8% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 132,527 shares of the company’s stock valued at $276,000 after acquiring an additional 25,480 shares during the period. Redmond Asset Management LLC grew its stake in Vuzix by 77.4% in the third quarter. Redmond Asset Management LLC now owns 123,443 shares of the company’s stock valued at $448,000 after acquiring an additional 53,851 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in Vuzix by 226.9% in the third quarter. State Board of Administration of Florida Retirement System now owns 82,440 shares of the company’s stock valued at $299,000 after acquiring an additional 57,223 shares during the period. Institutional investors and hedge funds own 35.87% of the company’s stock.

Analysts Set New Price Targets

Separately, Craig Hallum lowered their price target on shares of Vuzix from $3.50 to $3.00 and set a “buy” rating for the company in a report on Tuesday, April 16th.

About Vuzix

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, Europe, the Asia-Pacific, and internationally. It provides M400, and M4000 series of smart glasses for enterprise, industrial, commercial, and medical markets; Vuzix Blade smart glasses; waveguide optics and related coupling optics; Vuzix Shield smart glasses; Vuzix Ultralite smart glasses; and Mobilium logistics mobility software, which removes traditional middleware and supports various ERP systems, as well as custom and engineering solutions.