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

Vuzix Co. (NASDAQ:VUZI) CEO Paul J. Travers bought 7,500 shares of Vuzix stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $2.57 per share, with a total value of $19,275.00. Following the acquisition, the chief executive officer now directly owns 2,837,670 shares of the company’s stock, valued at $7,292,811.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vuzix Price Performance

Shares of Vuzix stock opened at $2.35 on Friday. The business has a 50 day simple moving average of $3.27 and a two-hundred day simple moving average of $4.19. Vuzix Co. has a 12 month low of $1.87 and a 12 month high of $6.06. The stock has a market capitalization of $148.51 million, a P/E ratio of -3.66 and a beta of 2.02.

Vuzix (NASDAQ:VUZI) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.03). Vuzix had a negative net margin of 293.90% and a negative return on equity of 38.58%. The company had revenue of $2.18 million during the quarter, compared to analyst estimates of $4.73 million. During the same period in the prior year, the business posted ($0.15) EPS. Vuzix’s revenue for the quarter was down 36.4% compared to the same quarter last year. As a group, research analysts anticipate that Vuzix Co. will post -0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BTIG Research cut Vuzix from a “buy” rating to a “neutral” rating in a report on Friday, November 10th.

Institutional Investors Weigh In On Vuzix

Several hedge funds and other institutional investors have recently made changes to their positions in VUZI. Tower Research Capital LLC TRC increased its holdings in shares of Vuzix by 93.2% in the third quarter. Tower Research Capital LLC TRC now owns 5,573 shares of the company’s stock valued at $32,000 after purchasing an additional 2,688 shares during the last quarter. Confluence Wealth Services Inc. acquired a new stake in shares of Vuzix in the third quarter valued at approximately $38,000. FMR LLC increased its holdings in shares of Vuzix by 1,554.8% in the first quarter. FMR LLC now owns 9,234 shares of the company’s stock valued at $38,000 after purchasing an additional 8,676 shares during the last quarter. Lazari Capital Management Inc. purchased a new position in Vuzix in the second quarter worth approximately $51,000. Finally, HRT Financial LP purchased a new position in Vuzix in the first quarter worth approximately $52,000. Institutional investors and hedge funds own 43.51% of the company’s stock.

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.