Paul A. Boris Acquires 5,000 Shares of Vuzix Co. (VUZI) Stock

Vuzix Co. (NASDAQ:VUZI) COO Paul A. Boris bought 5,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were purchased at an average cost of $5.74 per share, for a total transaction of $28,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Vuzix Co. (VUZI) remained flat at $$5.90 during trading hours on Friday. The company’s stock had a trading volume of 128,373 shares, compared to its average volume of 239,813. Vuzix Co. has a 1-year low of $4.10 and a 1-year high of $7.80.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VUZI. GSA Capital Partners LLP lifted its stake in shares of Vuzix by 261.3% in the second quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock valued at $251,000 after buying an additional 27,700 shares during the period. Vanguard Group Inc. lifted its stake in shares of Vuzix by 15.0% in the second quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock valued at $4,232,000 after buying an additional 84,127 shares during the period. Finally, ETF Managers Group LLC bought a new stake in shares of Vuzix in the second quarter valued at about $236,000. Institutional investors and hedge funds own 8.65% of the company’s stock.

A number of equities analysts have recently weighed in on VUZI shares. Zacks Investment Research downgraded shares of Vuzix from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Maxim Group reaffirmed a “buy” rating and issued a $11.00 price target on shares of Vuzix in a research note on Wednesday, September 6th.

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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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