Shares of Vuzix Co. (NASDAQ:VUZI) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price target of $10.50 for the company, according to Zacks. Zacks has also given Vuzix an industry rank of 104 out of 265 based on the ratings given to its competitors.
Several research analysts have recently weighed in on VUZI shares. Craig Hallum started coverage on Vuzix in a research report on Monday, January 8th. They issued a “buy” rating for the company. Chardan Capital set a $10.00 target price on Vuzix and gave the company a “buy” rating in a research report on Monday, January 1st. Finally, Zacks Investment Research raised Vuzix from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research report on Friday, September 29th.
Vuzix (NASDAQ:VUZI) last posted its quarterly earnings data on Thursday, November 9th. The company reported ($0.28) earnings per share for the quarter. Vuzix had a negative return on equity of 134.55% and a negative net margin of 440.45%. research analysts forecast that Vuzix will post -0.89 earnings per share for the current year.
In related news, COO Paul A. Boris purchased 5,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was acquired at an average price of $5.74 per share, for a total transaction of $28,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Edward William Jr. Kay purchased 10,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were bought at an average price of $5.95 per share, with a total value of $59,500.00. The disclosure for this purchase can be found here. Insiders purchased a total of 17,500 shares of company stock valued at $103,225 over the last ninety days. 18.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. ETF Managers Group LLC acquired a new position in Vuzix during the 2nd quarter valued at about $236,000. GSA Capital Partners LLP boosted its stake in 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 purchasing an additional 27,700 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in 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 purchasing an additional 84,127 shares during the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.
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Vuzix 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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