Insider Selling: Vuzix (NASDAQ:VUZI) Director Sells $149,760.00 in Stock

Vuzix Corporation (NASDAQ:VUZI) Director Paula Beck Whitten-Doolin sold 32,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $4.68, for a total value of $149,760.00. Following the transaction, the director owned 90,668 shares in the company, valued at $424,326.24. The trade was a 26.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Vuzix Stock Performance

Vuzix stock opened at $4.60 on Friday. The stock has a market capitalization of $382.53 million, a price-to-earnings ratio of -11.50 and a beta of 1.52. Vuzix Corporation has a 52-week low of $1.83 and a 52-week high of $5.62. The stock’s 50 day moving average price is $2.95 and its two-hundred day moving average price is $2.86.

Vuzix (NASDAQ:VUZI) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $1.39 million for the quarter, compared to analysts’ expectations of $1.35 million. Vuzix had a negative return on equity of 116.50% and a negative net margin of 504.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Vuzix from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vuzix in a report on Friday, April 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Vuzix has an average rating of “Hold”.

Hedge Funds Weigh In On Vuzix

Large investors have recently modified their holdings of the company. Independent Wealth Network Inc. bought a new position in shares of Vuzix in the 1st quarter worth $31,000. Jump Financial LLC purchased a new stake in Vuzix in the 2nd quarter valued at $31,000. Caitong International Asset Management Co. Ltd raised its position in Vuzix by 424.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,493 shares of the company’s stock valued at $36,000 after buying an additional 7,682 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Vuzix in the 3rd quarter valued at $36,000. Finally, State of Wyoming purchased a new stake in Vuzix in the 4th quarter valued at $38,000. 35.87% of the stock is currently owned by institutional investors.

About Vuzix

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.