Insider Buying: Vuzix Co. (NASDAQ:VUZI) CEO Buys $18,125.00 in Stock

Vuzix Co. (NASDAQ:VUZI) CEO Paul J. Travers acquired 14,500 shares of Vuzix stock in a transaction on Monday, April 22nd. The shares were bought at an average price of $1.25 per share, with a total value of $18,125.00. Following the completion of the transaction, the chief executive officer now directly owns 2,859,670 shares of the company’s stock, valued at approximately $3,574,587.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Vuzix Trading Up 2.3 %

Shares of NASDAQ VUZI opened at $1.34 on Thursday. The firm has a 50-day simple moving average of $1.41 and a 200-day simple moving average of $2.02. Vuzix Co. has a 52 week low of $1.10 and a 52 week high of $6.06.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings data on Monday, April 15th. The company reported ($0.32) earnings per share (EPS) for the quarter. Vuzix had a negative net margin of 413.47% and a negative return on equity of 51.52%. The firm had revenue of $1.07 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum reduced their target price on shares of Vuzix from $3.50 to $3.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Taylor Frigon Capital Management LLC boosted its stake in Vuzix by 6.4% during the fourth quarter. Taylor Frigon Capital Management LLC now owns 359,359 shares of the company’s stock worth $749,000 after buying an additional 21,650 shares during the period. Bank of New York Mellon Corp boosted its stake in Vuzix by 5.3% during the third quarter. Bank of New York Mellon Corp now owns 219,325 shares of the company’s stock worth $796,000 after buying an additional 11,079 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of Vuzix by 23.8% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 132,527 shares of the company’s stock valued at $276,000 after purchasing an additional 25,480 shares during the period. Redmond Asset Management LLC boosted its stake in shares of Vuzix by 77.4% in the third quarter. Redmond Asset Management LLC now owns 123,443 shares of the company’s stock valued at $448,000 after purchasing an additional 53,851 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in Vuzix by 226.9% in 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 acquiring an additional 57,223 shares in the last quarter. Hedge funds and other institutional investors own 35.87% of the company’s stock.

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.