Paul J. Travers Purchases 7,500 Shares of Vuzix Co. (NASDAQ:VUZI) Stock

Vuzix Co. (NASDAQ:VUZI) CEO Paul J. Travers purchased 7,500 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were purchased at an average cost of $1.34 per share, for a total transaction of $10,050.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,845,170 shares of the company’s stock, valued at approximately $3,812,527.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Vuzix Stock Down 4.0 %

VUZI opened at $1.21 on Friday. Vuzix Co. has a 52-week low of $1.10 and a 52-week high of $6.06. The firm’s fifty day simple moving average is $1.44 and its two-hundred day simple moving average is $2.09.

Institutional Investors Weigh In On Vuzix

A number of hedge funds have recently modified their holdings of VUZI. Keel Point LLC acquired a new stake in shares of Vuzix in the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC increased its position in shares of Vuzix by 93.2% during the third quarter. Tower Research Capital LLC TRC now owns 5,573 shares of the company’s stock valued at $32,000 after acquiring an additional 2,688 shares during the last quarter. FMR LLC increased its position in shares of Vuzix by 1,554.8% during the first quarter. FMR LLC now owns 9,234 shares of the company’s stock valued at $38,000 after acquiring an additional 8,676 shares during the last quarter. Confluence Wealth Services Inc. purchased a new position in shares of Vuzix in the third quarter valued at approximately $38,000. Finally, Walleye Capital LLC purchased a new position in shares of Vuzix in the third quarter valued at approximately $41,000. 35.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Craig Hallum lowered their price target on shares of Vuzix from $3.50 to $3.00 and set a “buy” rating on the stock in a report on Tuesday.

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.