Vuzix Co. (NASDAQ:VUZI) Director Timothy Heydenreich Harned Acquires 20,000 Shares of Stock

Vuzix Co. (NASDAQ:VUZI) Director Timothy Heydenreich Harned acquired 20,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was acquired at an average price of $1.31 per share, for a total transaction of $26,200.00. Following the purchase, the director now directly owns 186,016 shares of the company’s stock, valued at $243,680.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Vuzix Stock Down 3.0 %

Vuzix stock opened at $1.31 on Wednesday. Vuzix Co. has a 12 month low of $1.10 and a 12 month high of $6.06. The stock’s 50 day moving average is $1.42 and its 200-day moving average is $2.02.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Vuzix

Several institutional investors and hedge funds have recently made changes to their positions in the company. Taylor Frigon Capital Management LLC grew its position 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 valued at $749,000 after purchasing an additional 21,650 shares during the last quarter. Bank of New York Mellon Corp grew its position in Vuzix by 5.3% during the third quarter. Bank of New York Mellon Corp now owns 219,325 shares of the company’s stock worth $796,000 after buying an additional 11,079 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Vuzix by 23.8% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 132,527 shares of the company’s stock worth $276,000 after buying an additional 25,480 shares in the last quarter. Redmond Asset Management LLC grew its position in Vuzix by 77.4% during the third quarter. Redmond Asset Management LLC now owns 123,443 shares of the company’s stock worth $448,000 after buying an additional 53,851 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Vuzix by 226.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 82,440 shares of the company’s stock worth $299,000 after buying an additional 57,223 shares in the last quarter. Institutional investors and hedge funds own 35.87% of the company’s stock.

Vuzix Company Profile

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.