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 business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $4.68, for a total value of $149,760.00. Following the completion of the transaction, the director owned 90,668 shares in the company, valued at $424,326.24. This trade represents a 26.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Vuzix Trading Down 2.5%

NASDAQ VUZI traded down $0.12 on Wednesday, reaching $4.73. The stock had a trading volume of 2,582,214 shares, compared to its average volume of 1,435,245. The business has a 50 day moving average price of $2.80 and a 200 day moving average price of $2.82. Vuzix Corporation has a 1 year low of $1.83 and a 1 year high of $5.62. The company has a market capitalization of $393.34 million, a price-to-earnings ratio of -11.82 and a beta of 1.52.

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

Institutional Trading of Vuzix

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Vuzix by 373.7% in the fourth quarter. State Street Corp now owns 7,226,194 shares of the company’s stock worth $27,315,000 after buying an additional 5,700,613 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Vuzix by 4.2% in the third quarter. Vanguard Group Inc. now owns 3,631,584 shares of the company’s stock worth $11,367,000 after buying an additional 147,811 shares during the last quarter. AIGH Capital Management LLC acquired a new stake in shares of Vuzix in the first quarter worth about $7,613,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Vuzix by 71.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,032,366 shares of the company’s stock worth $7,825,000 after buying an additional 848,142 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Vuzix by 278.1% in the first quarter. Millennium Management LLC now owns 1,911,972 shares of the company’s stock worth $3,900,000 after buying an additional 1,406,234 shares during the last quarter. Institutional investors and hedge funds own 35.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VUZI. Wall Street Zen upgraded Vuzix from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings restated a “sell (d-)” rating on shares of Vuzix in a research note on Friday, April 17th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Vuzix currently has a consensus rating of “Hold”.

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.