Christopher Iain Parkinson Sells 9,457 Shares of Vuzix (NASDAQ:VUZI) Stock

Vuzix Corporation (NASDAQ:VUZI) insider Christopher Iain Parkinson sold 9,457 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $2.92, for a total transaction of $27,614.44. Following the completion of the sale, the insider owned 142,793 shares of the company’s stock, valued at $416,955.56. This trade represents a 6.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Vuzix Trading Down 13.9%

Shares of NASDAQ:VUZI opened at $3.22 on Thursday. Vuzix Corporation has a 12 month low of $1.47 and a 12 month high of $5.79. The company has a market capitalization of $258.02 million, a price-to-earnings ratio of -7.00 and a beta of 1.75. The firm’s 50-day moving average is $2.95 and its 200 day moving average is $2.75.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The business had revenue of $1.16 million during the quarter, compared to the consensus estimate of $1.92 million. Vuzix had a negative net margin of 702.71% and a negative return on equity of 117.63%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VUZI. Wall Street Zen upgraded Vuzix from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Craig Hallum reaffirmed a “buy” rating on shares of Vuzix in a research note on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Vuzix in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Trading of Vuzix

Several hedge funds and other institutional investors have recently bought and sold shares of VUZI. American Century Companies Inc. bought a new position in shares of Vuzix in the 1st quarter worth $35,000. PEAK6 LLC purchased a new stake in Vuzix in the first quarter valued at approximately $111,000. Vident Advisory LLC acquired a new position in Vuzix in the 1st quarter worth approximately $435,000. Millennium Management LLC lifted its stake in Vuzix by 278.1% during the 1st quarter. Millennium Management LLC now owns 1,911,972 shares of the company’s stock valued at $3,900,000 after acquiring an additional 1,406,234 shares during the period. Finally, Laidlaw Wealth Management LLC purchased a new stake in shares of Vuzix in the 1st quarter valued at $70,000. Institutional investors own 35.87% of the company’s stock.

Vuzix Company Profile

Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.