Vuzix Co. (NASDAQ:VUZI) CEO Paul J. Travers Acquires 14,500 Shares

Vuzix Co. (NASDAQ:VUZI) CEO Paul J. Travers purchased 14,500 shares of Vuzix stock in a transaction on Monday, April 22nd. The shares were acquired at an average price of $1.25 per share, for a total transaction of $18,125.00. Following the completion of the transaction, the chief executive officer now directly owns 2,859,670 shares of the company’s stock, valued at $3,574,587.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vuzix Trading Up 11.6 %

NASDAQ:VUZI opened at $1.35 on Tuesday. Vuzix Co. has a 12 month low of $1.10 and a 12 month high of $6.06. The company has a 50-day moving average price of $1.43 and a 200-day moving average price of $2.04. The stock has a market cap of $87.37 million, a price-to-earnings ratio of -1.71 and a beta of 1.86.

Institutional Investors Weigh In On Vuzix

Several hedge funds have recently bought and sold shares of VUZI. B. Riley Wealth Advisors Inc. increased its position in shares of Vuzix by 23.8% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 132,527 shares of the company’s stock valued at $276,000 after acquiring an additional 25,480 shares in the last quarter. KLCM Advisors Inc. boosted its stake in Vuzix by 35.9% during the 4th quarter. KLCM Advisors Inc. now owns 30,300 shares of the company’s stock valued at $63,000 after purchasing an additional 8,000 shares during the last quarter. Keel Point LLC bought a new stake in shares of Vuzix in the 4th quarter worth $27,000. Taylor Frigon Capital Management LLC raised its stake in shares of Vuzix by 6.4% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 359,359 shares of the company’s stock worth $749,000 after purchasing an additional 21,650 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Vuzix by 108.5% during the fourth quarter. International Assets Investment Management LLC now owns 33,047 shares of the company’s stock valued at $69,000 after purchasing an additional 17,197 shares in the last quarter. Institutional investors own 35.87% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Vuzix

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.