Zacks Investment Research upgraded shares of Vuzix (NASDAQ:VUZI) from a sell rating to a hold rating in a report published on Saturday.
According to Zacks, “Vuzix Corporation designs, manufactures, and sells display devices that are worn like eyeglasses and feature built-in video screens that enable the user to view video and digital content, such as movies, computer data, the Internet or video games. It produces both monocular and binocular Video Eyewear devices. The Company focuses on consumer markets for gaming and mobile video and on rugged mobile displays for defence and industrial applications. Vuzix Corporation is based in Rochester, New York. “
Separately, Maxim Group reissued a buy rating and set a $11.00 target price on shares of Vuzix in a report on Wednesday, September 6th.
Vuzix (NASDAQ VUZI) opened at $6.70 on Friday. Vuzix has a fifty-two week low of $4.10 and a fifty-two week high of $8.25.
In other news, COO Paul A. Boris bought 5,000 shares of Vuzix stock in a transaction on Wednesday, October 4th. The stock was acquired at an average price of $5.20 per share, with a total value of $26,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward William Jr. Kay bought 10,000 shares of Vuzix stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $5.95 per share, with a total value of $59,500.00. The disclosure for this purchase can be found here. Insiders have acquired 21,800 shares of company stock valued at $121,740 in the last three months. Insiders own 18.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in the business. ETF Managers Group LLC acquired a new position in shares of Vuzix during the second quarter valued at approximately $236,000. Vanguard Group Inc. raised its holdings in shares of Vuzix by 15.0% during the second quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock valued at $4,232,000 after acquiring an additional 84,127 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Vuzix by 261.3% during the second quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock valued at $251,000 after acquiring an additional 27,700 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Vuzix during the first quarter valued at approximately $108,000. 8.66% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/12/05/vuzix-vuzi-upgraded-at-zacks-investment-research.html.
Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The companys products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.
Get a free copy of the Zacks research report on Vuzix (VUZI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Vuzix Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vuzix Corporation and related companies with MarketBeat.com's FREE daily email newsletter.