Vuzix Co. (NASDAQ:VUZI) Director Timothy Heydenreich Harned Purchases 20,000 Shares

Vuzix Co. (NASDAQ:VUZI - Get Free Report) Director Timothy Heydenreich Harned bought 20,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was acquired at an average price of $1.31 per share, for a total transaction of $26,200.00. Following the acquisition, the director now directly owns 186,016 shares in the company, valued at $243,680.96. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Vuzix Stock Down 3.0 %

Vuzix stock traded down $0.04 during midday trading on Tuesday, hitting $1.31. 688,625 shares of the stock were exchanged, compared to its average volume of 725,649. The stock has a market capitalization of $84.78 million, a price-to-earnings ratio of -1.66 and a beta of 1.86. Vuzix Co. has a 52-week low of $1.10 and a 52-week high of $6.06. The business's 50-day moving average price is $1.42 and its 200-day moving average price is $2.02.

Hedge Funds Weigh In On Vuzix

A number of hedge funds and other institutional investors have recently modified their holdings of VUZI. State Board of Administration of Florida Retirement System grew its position in Vuzix by 226.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 82,440 shares of the company's stock valued at $299,000 after buying an additional 57,223 shares during the period. Redmond Asset Management LLC increased its stake in shares of Vuzix by 77.4% during the 3rd quarter. Redmond Asset Management LLC now owns 123,443 shares of the company's stock worth $448,000 after purchasing an additional 53,851 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Vuzix by 23.8% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 132,527 shares of the company's stock worth $276,000 after purchasing an additional 25,480 shares during the period. Taylor Frigon Capital Management LLC lifted its stake in Vuzix by 6.4% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 359,359 shares of the company's stock valued at $749,000 after purchasing an additional 21,650 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Vuzix by 57.9% during the third quarter. SG Americas Securities LLC now owns 57,274 shares of the company's stock valued at $208,000 after purchasing an additional 20,998 shares during the period. Hedge funds and other institutional investors own 35.87% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Craig Hallum decreased their price target on Vuzix from $3.50 to $3.00 and set a "buy" rating for the company in a report on Tuesday, April 16th.

About Vuzix

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, Europe, the Asia-Pacific, and internationally. It provides M400, and M4000 series of smart glasses for enterprise, industrial, commercial, and medical markets; Vuzix Blade smart glasses; waveguide optics and related coupling optics; Vuzix Shield smart glasses; Vuzix Ultralite smart glasses; and Mobilium logistics mobility software, which removes traditional middleware and supports various ERP systems, as well as custom and engineering solutions.