Vuzix (NASDAQ:VUZI) Upgraded to “Hold” at Wall Street Zen

Vuzix (NASDAQ:VUZI) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Vuzix in a report on Friday, April 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Vuzix Price Performance

Shares of NASDAQ VUZI opened at $3.12 on Friday. The stock has a market capitalization of $259.46 million, a P/E ratio of -7.80 and a beta of 1.68. Vuzix has a 1-year low of $1.83 and a 1-year high of $5.62. The business has a fifty day moving average price of $3.23 and a 200 day moving average price of $2.95.

Vuzix (NASDAQ:VUZI) last released its quarterly 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 company had revenue of $1.39 million during the quarter, compared to analysts’ expectations of $1.35 million.

Insiders Place Their Bets

In related news, Director Paula Beck Whitten-Doolin sold 32,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $4.68, for a total transaction of $149,760.00. Following the completion of the transaction, the director directly owned 90,668 shares of the company’s stock, valued at $424,326.24. The trade was a 26.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy Heydenreich Harned sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $4.73, for a total value of $47,300.00. Following the transaction, the director directly owned 318,158 shares of the company’s stock, valued at approximately $1,504,887.34. This represents a 3.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 7.30% of the company’s stock.

Institutional Trading of Vuzix

Several institutional investors and hedge funds have recently added to or reduced their stakes in VUZI. Alesco Advisors LLC An ESL Co increased its position in Vuzix by 2,570.1% during the 1st quarter. Alesco Advisors LLC An ESL Co now owns 267,011 shares of the company’s stock worth $617,000 after purchasing an additional 257,011 shares during the period. SEB Asset Management AB acquired a new stake in shares of Vuzix in the 1st quarter worth approximately $320,000. Laidlaw Wealth Management LLC acquired a new stake in shares of Vuzix in the 1st quarter worth approximately $79,000. Hsbc Holdings PLC acquired a new stake in shares of Vuzix in the 1st quarter worth approximately $134,000. Finally, AIGH Capital Management LLC acquired a new stake in Vuzix during the 1st quarter valued at $7,613,000. 35.87% of the stock is owned by hedge funds and other institutional investors.

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.