Vuzix Co. (NASDAQ:VUZI) CEO Purchases $10,050.00 in Stock

Vuzix Co. (NASDAQ:VUZI) CEO Paul J. Travers purchased 7,500 shares of the stock in a transaction on Thursday, April 18th. The stock was acquired at an average cost of $1.34 per share, with a total value of $10,050.00. Following the acquisition, the chief executive officer now owns 2,845,170 shares of the company’s stock, valued at approximately $3,812,527.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vuzix Stock Up 3.3 %

Shares of NASDAQ:VUZI traded up $0.04 during trading on Thursday, hitting $1.26. The stock had a trading volume of 1,019,186 shares, compared to its average volume of 726,262. The stock has a 50-day simple moving average of $1.45 and a two-hundred day simple moving average of $2.10. The stock has a market capitalization of $81.55 million, a price-to-earnings ratio of -1.70 and a beta of 1.86. Vuzix Co. has a 12-month low of $1.10 and a 12-month high of $6.06.

Wall Street Analyst Weigh In

Separately, Craig Hallum reduced their price objective on Vuzix from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Tuesday.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Vuzix by 15.0% during the second quarter. BlackRock Inc. now owns 4,575,383 shares of the company’s stock valued at $23,334,000 after acquiring an additional 597,330 shares in the last quarter. State Street Corp raised its position in Vuzix by 2.0% during the third quarter. State Street Corp now owns 3,767,314 shares of the company’s stock valued at $21,813,000 after acquiring an additional 73,692 shares in the last quarter. Vanguard Group Inc. raised its position in Vuzix by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 3,267,633 shares of the company’s stock valued at $6,813,000 after acquiring an additional 87,872 shares in the last quarter. Geode Capital Management LLC raised its position in Vuzix by 17.2% during the second quarter. Geode Capital Management LLC now owns 1,268,939 shares of the company’s stock valued at $6,479,000 after acquiring an additional 185,856 shares in the last quarter. Finally, Northern Trust Corp raised its position in Vuzix by 4.4% during the fourth quarter. Northern Trust Corp now owns 501,648 shares of the company’s stock valued at $1,046,000 after acquiring an additional 20,926 shares in the last quarter. 35.87% of the stock is currently owned by hedge funds and other institutional investors.

Vuzix Company Profile

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.