Vuzix (NASDAQ:VUZI) Given a $10.00 Price Target at Chardan Capital

Chardan Capital set a $10.00 price target on Vuzix (NASDAQ:VUZI) in a research note issued to investors on Tuesday, December 26th. The brokerage currently has a buy rating on the stock.

VUZI has been the topic of a number of other reports. Zacks Investment Research raised shares of Vuzix from a hold rating to a buy rating and set a $7.00 target price on the stock in a report on Thursday, September 14th. Maxim Group reissued a buy rating and issued a $11.00 price target on shares of Vuzix in a report on Wednesday, September 6th.

Shares of Vuzix (NASDAQ VUZI) opened at $8.55 on Tuesday. The stock has a market cap of $194.16, a PE ratio of -7.77 and a beta of 1.16. Vuzix has a fifty-two week low of $4.10 and a fifty-two week high of $9.55.

In related news, Director Edward William Jr. Kay bought 10,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of $5.95 per share, for a total transaction of $59,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Paul A. Boris purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average price of $5.74 per share, for a total transaction of $28,700.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 20,000 shares of company stock worth $115,850 in the last quarter. 18.40% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. GSA Capital Partners LLP lifted its holdings in shares of Vuzix 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. ETF Managers Group LLC bought a new position in Vuzix during the second quarter worth $236,000. Finally, Vanguard Group Inc. raised its stake in Vuzix by 15.0% during the second quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock worth $4,232,000 after buying an additional 84,127 shares during the last quarter. Institutional investors own 7.92% of the company’s stock.

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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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