Key Points
- Vuzix director Paula Beck Whitten-Doolin sold 32,000 shares on May 26 at an average price of $4.68, a transaction worth about $149,760. After the sale, she still owned 90,668 shares, reducing her stake by 26.09%.
- VUZI shares were down about 2.5% and opened at $4.73, giving the company a market cap of roughly $393.35 million. The stock has traded between $1.83 and $5.62 over the past year.
- Vuzix recently reported a smaller-than-expected loss, posting EPS of -$0.09 versus estimates of -$0.10 and revenue of $1.39 million versus expectations of $1.35 million. Analysts currently have an average rating of Hold on the stock.
Vuzix Corporation (NASDAQ:VUZI - Get Free Report) Director Paula Beck Whitten-Doolin sold 32,000 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $4.68, for a total transaction of $149,760.00. Following the completion of the sale, the director directly owned 90,668 shares in the company, valued at $424,326.24. This represents a 26.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Vuzix Trading Down 2.5%
VUZI opened at $4.73 on Thursday. The stock has a market capitalization of $393.35 million, a P/E ratio of -11.82 and a beta of 1.52. Vuzix Corporation has a 12 month low of $1.83 and a 12 month high of $5.62. The firm's fifty day simple moving average is $2.85 and its 200 day simple moving average is $2.84.
Vuzix (NASDAQ:VUZI - Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $1.39 million for the quarter, compared to analysts' expectations of $1.35 million. Vuzix had a negative net margin of 504.12% and a negative return on equity of 116.50%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of VUZI. Millennium Management LLC raised its holdings in Vuzix by 278.1% in the 1st quarter. Millennium Management LLC now owns 1,911,972 shares of the company's stock valued at $3,900,000 after acquiring an additional 1,406,234 shares during the period. Goldman Sachs Group Inc. raised its holdings in Vuzix by 59.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,900 shares of the company's stock valued at $885,000 after acquiring an additional 162,229 shares during the period. Geode Capital Management LLC grew its position in shares of 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 purchasing an additional 766,420 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Vuzix during the 2nd quarter worth approximately $1,274,000. Finally, Rhumbline Advisers acquired a new position in shares of Vuzix during the 2nd quarter worth approximately $269,000. 35.87% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Vuzix in a research report on Friday, April 17th. Wall Street Zen raised shares of Vuzix from a "sell" rating to a "hold" rating in a research report on Sunday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Vuzix currently has an average rating of "Hold".
View Our Latest Report on Vuzix
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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