Vuzix Corp. (VUZI) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS
Vuzix Corp. (NASDAQ:VUZI) released its quarterly earnings results on Monday. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.08. Vuzix Corp. had a negative net margin of 536.46% and a negative return on equity of 91.98%.
Shares of Vuzix Corp. (NASDAQ:VUZI) opened at 7.40 on Tuesday. The firm has a 50-day moving average price of $7.64 and a 200-day moving average price of $7.15. The stock’s market cap is $128.43 million. Vuzix Corp. has a 12 month low of $4.30 and a 12 month high of $9.80.
Hedge funds have recently made changes to their positions in the company. Northern Trust Corp raised its stake in shares of Vuzix Corp. by 12.3% in the third quarter. Northern Trust Corp now owns 17,742 shares of the company’s stock worth $157,000 after buying an additional 1,946 shares during the period. KCG Holdings Inc. purchased a new stake in shares of Vuzix Corp. during the third quarter worth about $102,000. Vanguard Group Inc. raised its stake in shares of Vuzix Corp. by 8.1% in the second quarter. Vanguard Group Inc. now owns 427,756 shares of the company’s stock worth $3,229,000 after buying an additional 32,172 shares during the period. Morgan Stanley raised its stake in shares of Vuzix Corp. by 7,222.9% in the third quarter. Morgan Stanley now owns 77,550 shares of the company’s stock worth $688,000 after buying an additional 76,491 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Vuzix Corp. by 104.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 225,652 shares of the company’s stock worth $1,999,000 after buying an additional 115,220 shares during the period. Hedge funds and other institutional investors own 8.34% of the company’s stock.
Several analysts have recently commented on VUZI shares. Zacks Investment Research raised shares of Vuzix Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, October 19th. Chardan Capital reissued a “buy” rating on shares of Vuzix Corp. in a research report on Wednesday, August 17th. Finally, Maxim Group started coverage on Vuzix Corp. in a research report on Friday, October 28th. They issued a “buy” rating and a $11.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $9.50.
Receive News & Stock Ratings for Vuzix Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vuzix Corp. and related stocks with our FREE daily email newsletter.