Insider Buying: Vuzix Co. (NASDAQ:VUZI) CEO Buys 14,500 Shares of Stock

Vuzix Co. (NASDAQ:VUZI) CEO Paul J. Travers purchased 14,500 shares of Vuzix stock in a transaction dated Monday, April 22nd. The stock was bought at an average price of $1.25 per share, for a total transaction of $18,125.00. Following the completion of the transaction, the chief executive officer now directly owns 2,859,670 shares in the company, valued at $3,574,587.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Vuzix Price Performance

VUZI opened at $1.34 on Thursday. The business’s 50-day moving average price is $1.41 and its two-hundred day moving average price is $2.02. Vuzix Co. has a 1 year low of $1.10 and a 1 year high of $6.06.

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

Hedge Funds Weigh In On Vuzix

A number of hedge funds and other 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 fourth quarter. Taylor Frigon Capital Management LLC now owns 359,359 shares of the company’s stock worth $749,000 after purchasing an additional 21,650 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of 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 during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Vuzix by 23.8% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 132,527 shares of the company’s stock worth $276,000 after acquiring an additional 25,480 shares during the period. Redmond Asset Management LLC boosted its holdings in shares of Vuzix by 77.4% during the third quarter. Redmond Asset Management LLC now owns 123,443 shares of the company’s stock worth $448,000 after acquiring an additional 53,851 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Vuzix by 226.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 82,440 shares of the company’s stock worth $299,000 after acquiring an additional 57,223 shares during the period. Institutional investors own 35.87% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.