Vuzix (NASDAQ:VUZI) Director Paula Beck Whitten-Doolin Sells 32,000 Shares of Stock

Vuzix Corporation (NASDAQ:VUZI) Director Paula Beck Whitten-Doolin sold 32,000 shares of Vuzix stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $4.68, for a total transaction of $149,760.00. Following the sale, the director directly owned 90,668 shares of the company’s stock, valued at $424,326.24. This represents a 26.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Vuzix Stock Performance

VUZI opened at $4.73 on Thursday. The company has a fifty day moving average price of $2.85 and a two-hundred day moving average price of $2.84. Vuzix Corporation has a 52 week low of $1.83 and a 52 week high of $5.62. The firm has a market capitalization of $393.35 million, a PE ratio of -11.82 and a beta of 1.52.

Vuzix (NASDAQ:VUZI) last released its earnings results on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. Vuzix had a negative net margin of 504.12% and a negative return on equity of 116.50%. The firm had revenue of $1.39 million during the quarter, compared to analyst estimates of $1.35 million.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VUZI. Wall Street Zen raised shares of Vuzix from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings reissued a “sell (d-)” rating on shares of Vuzix in a report on Friday, April 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

Hedge Funds Weigh In On Vuzix

Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Vuzix by 5.1% in the 3rd quarter. SG Americas Securities LLC now owns 75,793 shares of the company’s stock valued at $237,000 after buying an additional 3,680 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Vuzix by 424.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,493 shares of the company’s stock valued at $36,000 after acquiring an additional 7,682 shares in the last quarter. Simmons Bank lifted its position in Vuzix by 13.6% in the 4th quarter. Simmons Bank now owns 66,800 shares of the company’s stock valued at $253,000 after acquiring an additional 8,000 shares in the last quarter. State of Wyoming bought a new stake in Vuzix in the 4th quarter valued at $38,000. Finally, Jump Financial LLC bought a new stake in Vuzix in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 35.87% of the company’s stock.

About Vuzix

Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.