Vuzix (NASDAQ:VUZI) Director Timothy Heydenreich Harned Sells 10,000 Shares

Vuzix Corporation (NASDAQ:VUZI) Director Timothy Heydenreich Harned sold 10,000 shares of Vuzix stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $4.73, for a total value of $47,300.00. Following the sale, the director directly owned 318,158 shares of the company’s stock, valued at $1,504,887.34. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Vuzix Price Performance

VUZI stock opened at $4.70 on Friday. The company has a market capitalization of $390.85 million, a P/E ratio of -11.75 and a beta of 1.52. The firm’s fifty day simple moving average is $2.65 and its 200-day simple moving average is $2.78. Vuzix Corporation has a 12 month low of $1.83 and a 12 month high of $4.82.

Vuzix (NASDAQ:VUZI) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. The company had revenue of $1.39 million for the quarter, compared to the consensus estimate of $1.35 million. Vuzix had a negative return on equity of 116.50% and a negative net margin of 504.12%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Independent Wealth Network Inc. purchased a new position in Vuzix in the first quarter worth approximately $31,000. Jump Financial LLC purchased a new stake in shares of Vuzix during the 2nd quarter worth $31,000. Caitong International Asset Management Co. Ltd grew its position in Vuzix by 424.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,493 shares of the company’s stock worth $36,000 after buying an additional 7,682 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Vuzix in the 3rd quarter worth approximately $36,000. Finally, State of Wyoming purchased a new position in shares of Vuzix in the fourth quarter valued at $38,000. 35.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen cut Vuzix from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vuzix in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vuzix currently has a consensus rating of “Hold”.

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.