Vuzix (NASDAQ:VUZI) Raised to “Hold” at Wall Street Zen

Vuzix (NASDAQ:VUZI) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Vuzix Stock Down 2.5%

VUZI stock opened at $2.76 on Friday. The firm has a 50 day moving average of $3.02 and a two-hundred day moving average of $2.86. Vuzix has a 12 month low of $1.47 and a 12 month high of $4.29. The company has a market capitalization of $221.16 million, a price-to-earnings ratio of -6.00 and a beta of 1.51.

Insider Activity

In related news, insider Christopher Iain Parkinson sold 9,457 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $2.92, for a total value of $27,614.44. Following the completion of the transaction, the insider directly owned 142,793 shares in the company, valued at approximately $416,955.56. This represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On Vuzix

A number of institutional investors have recently bought and sold shares of the business. Apis Capital Advisors LLC boosted its holdings in shares of Vuzix by 5.2% during the 4th quarter. Apis Capital Advisors LLC now owns 692,000 shares of the company’s stock worth $2,616,000 after buying an additional 34,000 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Vuzix by 36.8% during the fourth quarter. AQR Capital Management LLC now owns 67,674 shares of the company’s stock worth $256,000 after acquiring an additional 18,193 shares during the period. Verition Fund Management LLC grew its position in shares of Vuzix by 50.3% in the fourth quarter. Verition Fund Management LLC now owns 124,385 shares of the company’s stock valued at $470,000 after purchasing an additional 41,628 shares during the last quarter. Barclays PLC increased its stake in shares of Vuzix by 15.2% during the fourth quarter. Barclays PLC now owns 105,355 shares of the company’s stock worth $398,000 after purchasing an additional 13,872 shares during the period. Finally, Formula Growth Ltd. bought a new position in shares of Vuzix during the fourth quarter worth approximately $1,247,000. Institutional investors and hedge funds own 35.87% of the company’s stock.

About Vuzix

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.