Key Points
- Director Timothy Heydenreich Harned sold 10,000 shares of Vuzix at an average price of $4.73, totaling $47,300. After the transaction, he still held 318,158 shares, a 3.05% reduction in ownership.
- Vuzix shares were trading up 4.0% around the time of the report, opening at $4.70 and sitting near their 52-week high of $4.82.
- The company recently beat quarterly EPS and revenue estimates, reporting a loss of $0.09 per share versus expectations of $0.10 loss and revenue of $1.39 million versus $1.35 million expected, though analysts overall still rate the stock a Hold.
Vuzix Corporation (NASDAQ:VUZI - Get Free Report) Director Timothy Heydenreich Harned sold 10,000 shares of Vuzix stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $4.73, for a total transaction of $47,300.00. Following the completion of the sale, the director directly owned 318,158 shares of the company's stock, valued at $1,504,887.34. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Vuzix Trading Up 4.0%
Vuzix stock opened at $4.70 on Friday. Vuzix Corporation has a 52 week low of $1.83 and a 52 week high of $4.82. The stock has a fifty day moving average price of $2.65 and a 200 day moving average price of $2.78. The firm has a market capitalization of $390.85 million, a P/E ratio of -11.75 and a beta of 1.52.
Vuzix (NASDAQ:VUZI - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. Vuzix had a negative net margin of 504.12% and a negative return on equity of 116.50%. The business had revenue of $1.39 million for the quarter, compared to analyst estimates of $1.35 million.
Wall Street Analysts Forecast Growth
VUZI has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Vuzix in a research report on Friday, April 17th. Wall Street Zen lowered Vuzix from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold".
Check Out Our Latest Analysis on Vuzix
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Vuzix by 373.7% during the 4th quarter. State Street Corp now owns 7,226,194 shares of the company's stock valued at $27,315,000 after purchasing an additional 5,700,613 shares during the period. AIGH Capital Management LLC bought a new stake in shares of Vuzix in the 1st quarter worth approximately $7,613,000. Millennium Management LLC increased its holdings in shares of Vuzix by 278.1% in the first quarter. Millennium Management LLC now owns 1,911,972 shares of the company's stock valued at $3,900,000 after buying an additional 1,406,234 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Vuzix by 71.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,032,366 shares of the company's stock worth $7,825,000 after purchasing an additional 848,142 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Vuzix by 101.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,519,934 shares of the company's stock worth $4,439,000 after buying an additional 766,420 shares during the period. Institutional investors and hedge funds own 35.87% of the company's stock.
About Vuzix
(
Get Free Report)
Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.
Vuzix's product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.
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