Analysts Set VIZIO Holding Corp. (NYSE:VZIO) PT at $10.77

VIZIO Holding Corp. (NYSE:VZIOGet Free Report) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $10.77.

A number of brokerages have recently weighed in on VZIO. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $11.50 price objective (up from $10.00) on shares of VIZIO in a research note on Tuesday, February 27th. Piper Sandler reaffirmed a “neutral” rating and issued a $11.50 price objective (down from $12.00) on shares of VIZIO in a research note on Wednesday, February 28th. Barrington Research raised VIZIO from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 29th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of VIZIO in a research note on Friday.

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Insiders Place Their Bets

In other VIZIO news, CFO Adam R. Townsend sold 97,110 shares of VIZIO stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $10.53, for a total transaction of $1,022,568.30. Following the completion of the sale, the chief financial officer now directly owns 482,562 shares of the company’s stock, valued at approximately $5,081,377.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other VIZIO news, CFO Adam R. Townsend sold 97,110 shares of VIZIO stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $10.53, for a total transaction of $1,022,568.30. Following the completion of the sale, the chief financial officer now directly owns 482,562 shares of the company’s stock, valued at approximately $5,081,377.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Ben Bun Wong sold 59,449 shares of VIZIO stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $10.53, for a total value of $625,997.97. Following the sale, the chief operating officer now directly owns 3,261,702 shares of the company’s stock, valued at $34,345,722.06. The disclosure for this sale can be found here. Insiders sold 305,377 shares of company stock valued at $3,217,108 in the last ninety days. Insiders own 44.68% of the company’s stock.

Institutional Trading of VIZIO

Several institutional investors and hedge funds have recently made changes to their positions in VZIO. Byrne Asset Management LLC purchased a new stake in shares of VIZIO in the 1st quarter valued at about $37,000. Future Financial Wealth Managment LLC purchased a new stake in shares of VIZIO in the 1st quarter valued at about $44,000. AXQ Capital LP purchased a new stake in shares of VIZIO in the 3rd quarter valued at about $63,000. Meeder Asset Management Inc. purchased a new stake in shares of VIZIO in the 1st quarter valued at about $101,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of VIZIO by 26.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,166 shares of the company’s stock valued at $109,000 after purchasing an additional 2,979 shares during the last quarter. 66.24% of the stock is owned by hedge funds and other institutional investors.

VIZIO Stock Up 0.8 %

VZIO stock opened at $10.71 on Tuesday. The business has a fifty day moving average of $10.66 and a two-hundred day moving average of $9.61. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 118.79, a price-to-earnings-growth ratio of 4.35 and a beta of 2.05. VIZIO has a 52-week low of $4.82 and a 52-week high of $11.28.

VIZIO (NYSE:VZIOGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The business had revenue of $353.90 million for the quarter, compared to analyst estimates of $373.95 million. VIZIO had a return on equity of 3.91% and a net margin of 1.00%. VIZIO’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that VIZIO will post 0.1 EPS for the current year.

About VIZIO

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VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated entertainment solution, and data intelligence and services products through Inscape.

Further Reading

Analyst Recommendations for VIZIO (NYSE:VZIO)

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