Zacks: Vuzix Co. (VUZI) Given Consensus Rating of “Strong Buy” by Brokerages

Vuzix Co. (NASDAQ:VUZI) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price target of $10.50 for the company, according to Zacks. Zacks has also assigned Vuzix an industry rank of 107 out of 265 based on the ratings given to related companies.

A number of analysts have recently commented on the company. Chardan Capital set a $10.00 price objective on Vuzix and gave the stock a “buy” rating in a research note on Monday, January 1st. Craig Hallum assumed coverage on Vuzix in a research note on Monday. They issued a “buy” rating on the stock. Finally, Zacks Investment Research downgraded Vuzix from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th.

Shares of Vuzix (VUZI) traded up $0.15 during mid-day trading on Friday, reaching $8.75. The company’s stock had a trading volume of 1,710,000 shares, compared to its average volume of 626,462. Vuzix has a one year low of $4.10 and a one year high of $9.55. The firm has a market cap of $208.72, a price-to-earnings ratio of -7.95 and a beta of 1.16.

In other news, 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 price of $5.74 per share, with a total value of $28,700.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward William Jr. Kay acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average cost of $5.95 per share, for a total transaction of $59,500.00. The disclosure for this purchase can be found here. Insiders bought a total of 22,000 shares of company stock worth $126,930 in the last three months. Company insiders own 18.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP raised its position in shares of Vuzix by 261.3% during the second quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock worth $251,000 after purchasing an additional 27,700 shares during the period. Vanguard Group Inc. raised its position in shares of Vuzix by 15.0% during the second quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock worth $4,232,000 after purchasing an additional 84,127 shares during the period. Finally, ETF Managers Group LLC acquired a new stake in shares of Vuzix during the second quarter worth $236,000. 7.92% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by BBNS and is the sole property of of BBNS. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/zacks-vuzix-co-vuzi-given-consensus-rating-of-strong-buy-by-brokerages/1821413.html.

Vuzix Company Profile

Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The company’s 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.

Get a free copy of the Zacks research report on Vuzix (VUZI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Vuzix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vuzix and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.