Shares of Vuzix Corporation (NASDAQ:VUZI) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus target price of $10.50 for the company, according to Zacks. Zacks has also given Vuzix Corporation an industry rank of 118 out of 265 based on the ratings given to its competitors.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Vuzix Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Maxim Group set a $11.00 price objective on shares of Vuzix Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 2nd.
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Shares of Vuzix Corporation (NASDAQ VUZI) traded up $0.06 during midday trading on Monday, reaching $5.66. 158,193 shares of the company’s stock traded hands, compared to its average volume of 219,517. Vuzix Corporation has a twelve month low of $4.10 and a twelve month high of $8.70.
In other news, COO Paul A. Boris acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was acquired at an average price of $5.20 per share, with a total value of $26,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders acquired 11,800 shares of company stock valued at $62,240. 18.40% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of VUZI. Bank of New York Mellon Corp bought a new stake in shares of Vuzix Corporation during the first quarter valued at approximately $108,000. ETF Managers Group LLC bought a new stake in shares of Vuzix Corporation during the second quarter valued at approximately $236,000. KCG Holdings Inc. bought a new stake in shares of Vuzix Corporation during the first quarter valued at approximately $243,000. GSA Capital Partners LLP raised its stake in shares of Vuzix Corporation by 261.3% during the second quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock valued at $251,000 after acquiring an additional 27,700 shares in the last quarter. Finally, Carl Domino Inc raised its stake in Vuzix Corporation by 11.4% in the second quarter. Carl Domino Inc now owns 39,000 shares of the company’s stock worth $255,000 after buying an additional 4,000 shares in the last quarter. 8.37% of the stock is owned by hedge funds and other institutional investors.
Vuzix Corporation Company Profile
Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The companys products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.
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