Zacks Investment Research lowered shares of Vuzix Corporation (NASDAQ:VUZI) from a hold rating to a sell rating in a report issued on Friday morning.

According to Zacks, “Vuzix Corporation designs, manufactures, and sells display devices that are worn like eyeglasses and feature built-in video screens that enable the user to view video and digital content, such as movies, computer data, the Internet or video games. It produces both monocular and binocular Video Eyewear devices. The Company focuses on consumer markets for gaming and mobile video and on rugged mobile displays for defence and industrial applications. Vuzix Corporation is based in Rochester, New York. “

Separately, Maxim Group reissued a buy rating and issued a $11.00 price target on shares of Vuzix Corporation in a research note on Wednesday, September 6th.

Shares of Vuzix Corporation (NASDAQ:VUZI) opened at $6.68 on Friday. Vuzix Corporation has a 12 month low of $4.10 and a 12 month high of $8.70.

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In related news, COO Paul A. Boris bought 5,000 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were acquired at an average price of $5.20 per share, with a total value of $26,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward William Jr. Kay bought 10,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $5.95 per share, for a total transaction of $59,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 21,800 shares of company stock worth $121,740. 18.40% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new stake in shares of Vuzix Corporation in the first quarter valued at about $108,000. ETF Managers Group LLC bought a new position in Vuzix Corporation during the second quarter worth about $236,000. GSA Capital Partners LLP grew its holdings in Vuzix Corporation by 261.3% during the second quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock worth $251,000 after purchasing an additional 27,700 shares during the period. Carl Domino Inc grew its holdings in Vuzix Corporation by 11.4% during the second quarter. Carl Domino Inc now owns 39,000 shares of the company’s stock worth $255,000 after purchasing an additional 4,000 shares during the period. Finally, KCG Holdings Inc. bought a new position in Vuzix Corporation during the first quarter worth about $243,000. 7.88% of the stock is currently owned by institutional investors and hedge funds.

About Vuzix Corporation

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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