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 company’s stock in a transaction dated Monday, April 22nd. The stock was purchased at an average price of $1.31 per share, with a total value of $26,200.00. Following the completion of the purchase, the director now directly owns 186,016 shares in the company, valued at approximately $243,680.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vuzix Stock Performance

Shares of Vuzix stock opened at $1.34 on Friday. The business has a 50-day moving average price of $1.41 and a two-hundred day moving average price of $2.01. Vuzix Co. has a 1-year low of $1.10 and a 1-year high of $6.06.

Vuzix (NASDAQ:VUZI) last issued its quarterly earnings results on Monday, April 15th. The company reported ($0.32) earnings per share 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.

Wall Street Analyst Weigh In

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

Institutional Trading of Vuzix

A number of large investors have recently bought and sold shares of the business. Taylor Frigon Capital Management LLC grew its stake in shares of Vuzix by 6.4% in the 4th quarter. Taylor Frigon Capital Management LLC now owns 359,359 shares of the company’s stock valued at $749,000 after buying an additional 21,650 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Vuzix by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 219,325 shares of the company’s stock valued at $796,000 after buying an additional 11,079 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Vuzix by 23.8% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 132,527 shares of the company’s stock valued at $276,000 after buying an additional 25,480 shares during the period. Redmond Asset Management LLC grew its stake in shares of Vuzix by 77.4% in the 3rd quarter. Redmond Asset Management LLC now owns 123,443 shares of the company’s stock valued at $448,000 after buying an additional 53,851 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Vuzix by 226.9% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 82,440 shares of the company’s stock valued at $299,000 after buying an additional 57,223 shares during the period. 35.87% of the stock is currently owned by institutional investors and hedge funds.

Vuzix Company Profile

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.