Paul J. Travers Purchases 7,500 Shares of Vuzix Co. (NASDAQ:VUZI) Stock

Vuzix Co. (NASDAQ:VUZI) CEO Paul J. Travers bought 7,500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were acquired at an average cost of $1.34 per share, with a total value of $10,050.00. Following the transaction, the chief executive officer now owns 2,845,170 shares in the company, valued at approximately $3,812,527.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vuzix Stock Performance

NASDAQ VUZI opened at $1.21 on Friday. Vuzix Co. has a fifty-two week low of $1.10 and a fifty-two week high of $6.06. The business has a 50 day moving average price of $1.44 and a two-hundred day moving average price of $2.09.

Analysts Set New Price Targets

Separately, Craig Hallum dropped their target price on shares of Vuzix from $3.50 to $3.00 and set a “buy” rating for the company in a research report on Tuesday.

Hedge Funds Weigh In On Vuzix

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its holdings in Vuzix by 57.9% in the 3rd quarter. SG Americas Securities LLC now owns 57,274 shares of the company’s stock worth $208,000 after acquiring an additional 20,998 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in Vuzix by 7.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 107,047 shares of the company’s stock worth $389,000 after acquiring an additional 7,735 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Vuzix by 226.9% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 82,440 shares of the company’s stock worth $299,000 after acquiring an additional 57,223 shares during the period. Confluence Wealth Services Inc. purchased a new position in shares of Vuzix during the 3rd quarter valued at approximately $38,000. Finally, Taylor Frigon Capital Management LLC boosted its stake in shares of Vuzix by 6.4% during the 4th quarter. Taylor Frigon Capital Management LLC now owns 359,359 shares of the company’s stock valued at $749,000 after buying an additional 21,650 shares during the last quarter. Hedge funds and other institutional investors own 35.87% of the company’s stock.

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.