Shares of Vuzix Co. (NASDAQ:VUZI) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price objective of $10.50 for the company, according to Zacks. Zacks has also assigned Vuzix an industry rank of 92 out of 265 based on the ratings given to its competitors.

Several equities research analysts have recently issued reports on VUZI shares. Chardan Capital set a $10.00 target price on Vuzix and gave the stock a “buy” rating in a report on Monday, January 1st. Zacks Investment Research raised Vuzix from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Thursday, September 14th.

In related news, COO Paul A. Boris acquired 5,000 shares of Vuzix stock in a transaction on Tuesday, December 19th. The shares were bought at an average cost of $5.74 per share, with a total value of $28,700.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward William Jr. Kay acquired 10,000 shares of Vuzix stock in a transaction on Wednesday, November 15th. The shares were bought at an average cost of $5.95 per share, for a total transaction of $59,500.00. The disclosure for this purchase can be found here. Insiders have acquired 22,000 shares of company stock worth $126,930 over the last three months. 18.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ETF Managers Group LLC bought a new stake in Vuzix during the second quarter worth approximately $236,000. Vanguard Group Inc. increased its stake in Vuzix by 15.0% during the second quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock worth $4,232,000 after acquiring an additional 84,127 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in Vuzix by 261.3% during the second quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock worth $251,000 after acquiring an additional 27,700 shares during the last quarter. 7.92% of the stock is currently owned by institutional investors.

Shares of Vuzix (NASDAQ VUZI) traded up $1.20 during mid-day trading on Friday, hitting $7.65. The stock had a trading volume of 3,627,274 shares, compared to its average volume of 391,180. Vuzix has a 1 year low of $4.10 and a 1 year high of $7.80. The company has a market capitalization of $156.54, a PE ratio of -6.95 and a beta of 1.16.

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About Vuzix

Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The company’s 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.

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