Vuzix Co. (NASDAQ:VUZI) Director Timothy Heydenreich Harned Acquires 20,000 Shares

Vuzix Co. (NASDAQ:VUZI) Director Timothy Heydenreich Harned acquired 20,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was purchased at an average cost of $1.31 per share, with a total value of $26,200.00. Following the completion of the acquisition, the director now directly owns 186,016 shares of the company’s stock, valued at approximately $243,680.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vuzix Price Performance

VUZI stock opened at $1.34 on Thursday. The business has a 50 day simple moving average of $1.41 and a 200-day simple moving average of $2.02. Vuzix Co. has a twelve month low of $1.10 and a twelve month high of $6.06.

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

Institutional Investors Weigh In On Vuzix

Several hedge funds have recently modified their holdings of the stock. Keel Point LLC acquired a new stake in Vuzix in the fourth quarter valued at $27,000. Confluence Wealth Services Inc. acquired a new stake in Vuzix in the third quarter valued at $38,000. KLCM Advisors Inc. lifted its holdings in Vuzix by 35.9% in the fourth quarter. KLCM Advisors Inc. now owns 30,300 shares of the company’s stock valued at $63,000 after acquiring an additional 8,000 shares during the period. International Assets Investment Management LLC lifted its holdings in Vuzix by 108.5% in the fourth quarter. International Assets Investment Management LLC now owns 33,047 shares of the company’s stock valued at $69,000 after acquiring an additional 17,197 shares during the period. Finally, Simmons Bank lifted its holdings in Vuzix by 25.2% in the third quarter. Simmons Bank now owns 19,900 shares of the company’s stock valued at $72,000 after acquiring an additional 4,000 shares during the period. 35.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.