Vuzix Co. (NASDAQ:VUZI - Get Free Report) CEO Paul J. Travers acquired 14,500 shares of the business's stock in a transaction dated Monday, April 22nd. The stock was acquired at an average price of $1.25 per share, with a total value of $18,125.00. Following the completion of the transaction, the chief executive officer now directly owns 2,859,670 shares of the company's stock, valued at $3,574,587.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Vuzix Price Performance
NASDAQ:VUZI opened at $1.35 on Tuesday. The company's 50-day moving average is $1.43 and its two-hundred day moving average is $2.04. Vuzix Co. has a 1-year low of $1.10 and a 1-year high of $6.06. The firm has a market capitalization of $87.37 million, a price-to-earnings ratio of -1.71 and a beta of 1.86.
Hedge Funds Weigh In On Vuzix
A number of hedge funds have recently made changes to their positions in VUZI. Confluence Wealth Services Inc. acquired a new position in Vuzix during the 3rd quarter worth about $38,000. Keel Point LLC acquired a new stake in shares of Vuzix during the fourth quarter worth about $27,000. Simmons Bank boosted its stake in shares of Vuzix by 25.2% in the third quarter. Simmons Bank now owns 19,900 shares of the company's stock valued at $72,000 after purchasing an additional 4,000 shares during the period. KLCM Advisors Inc. boosted its stake in shares of Vuzix by 35.9% in the fourth quarter. KLCM Advisors Inc. now owns 30,300 shares of the company's stock valued at $63,000 after purchasing an additional 8,000 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of Vuzix by 108.5% in the fourth quarter. International Assets Investment Management LLC now owns 33,047 shares of the company's stock valued at $69,000 after purchasing an additional 17,197 shares in the last quarter. Hedge funds and other institutional investors own 35.87% of the company's stock.
Analysts Set New Price Targets
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Separately, Craig Hallum decreased their target price on Vuzix from $3.50 to $3.00 and set a "buy" rating on the stock in a research report on Tuesday, April 16th.
Check Out Our Latest Report on Vuzix
About Vuzix
(
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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.
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