Equities research analysts at Craig Hallum initiated coverage on shares of Vuzix (NASDAQ:VUZI) in a report released on Monday, The Fly reports. The brokerage set a “buy” rating on the stock.
Several other brokerages also recently weighed in on VUZI. Chardan Capital set a $10.00 target price on shares of Vuzix and gave the company a “buy” rating in a research note on Tuesday, December 26th. Zacks Investment Research raised shares of Vuzix from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th.
Vuzix (NASDAQ VUZI) opened at $7.65 on Monday. Vuzix has a one year low of $4.10 and a one year high of $7.80. The firm has a market cap of $185.67, a PE ratio of -6.95 and a beta of 0.24.
In related news, Director Edward William Jr. Kay acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $5.95 per share, with a total value of $59,500.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Paul A. Boris acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were bought at an average cost of $5.74 per share, with a total value of $28,700.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 22,000 shares of company stock valued at $126,930. Corporate insiders own 18.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP increased its stake in shares of Vuzix by 261.3% during the 2nd 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 during the last quarter. ETF Managers Group LLC acquired a new position in shares of Vuzix during the 2nd quarter valued at about $236,000. Finally, Vanguard Group Inc. increased its stake in shares of Vuzix by 15.0% during the 2nd quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock valued at $4,232,000 after acquiring an additional 84,127 shares during the last quarter. 7.92% of the stock is owned by institutional investors.
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.