VIZIO Holding Corp. (NYSE:VZIO) Receives Consensus Rating of “Hold” from Analysts

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 analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $10.77.

VZIO has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a report on Friday. Wells Fargo & Company restated an “equal weight” rating and issued a $11.50 price target (up previously from $10.00) on shares of VIZIO in a report on Tuesday, February 27th. Piper Sandler restated a “neutral” rating and issued a $11.50 price target (down previously from $12.00) on shares of VIZIO in a report on Wednesday, February 28th. Finally, Barrington Research upgraded VIZIO from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 29th.

Read Our Latest Report on VIZIO

Insider Activity at VIZIO

In related news, insider Michael Joseph O’donnell sold 13,772 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $10.54, for a total value of $145,156.88. Following the completion of the sale, the insider now owns 340,443 shares in the company, valued at approximately $3,588,269.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Michael Joseph O’donnell sold 13,772 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $10.54, for a total transaction of $145,156.88. Following the transaction, the insider now owns 340,443 shares in the company, valued at approximately $3,588,269.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Ben Bun Wong sold 59,449 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $10.53, for a total transaction of $625,997.97. Following the completion of the transaction, the chief operating officer now owns 3,261,702 shares in the company, valued at $34,345,722.06. The disclosure for this sale can be found here. Insiders sold a total of 305,377 shares of company stock valued at $3,217,108 over the last ninety days. Insiders own 44.68% of the company’s stock.

Hedge Funds Weigh In On VIZIO

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in VIZIO by 13.6% during the first quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock valued at $84,090,000 after purchasing an additional 918,300 shares during the period. Magnetar Financial LLC acquired a new position in VIZIO during the first quarter valued at approximately $43,318,000. American Century Companies Inc. grew its holdings in VIZIO by 20.2% during the third quarter. American Century Companies Inc. now owns 3,130,122 shares of the company’s stock valued at $16,934,000 after purchasing an additional 525,334 shares during the period. The Manufacturers Life Insurance Company grew its holdings in VIZIO by 8.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,488,732 shares of the company’s stock valued at $19,163,000 after purchasing an additional 188,430 shares during the period. Finally, Gabelli Funds LLC bought a new position in VIZIO in the first quarter valued at approximately $9,784,000. 66.24% of the stock is owned by institutional investors.

VIZIO Stock Performance

Shares of NYSE:VZIO opened at $10.62 on Tuesday. VIZIO has a 1 year low of $4.82 and a 1 year high of $11.28. The stock has a market capitalization of $2.10 billion, a P/E ratio of 118.01, a PEG ratio of 4.35 and a beta of 2.05. The stock has a 50-day simple moving average of $10.66 and a 200-day simple moving average of $9.57.

VIZIO (NYSE:VZIOGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). VIZIO had a return on equity of 3.91% and a net margin of 1.00%. The firm had revenue of $353.90 million for the quarter, compared to analysts’ expectations of $373.95 million. The company’s quarterly revenue was down .8% on a year-over-year basis. Analysts predict that VIZIO will post 0.1 earnings per share for the current year.

VIZIO Company Profile

(Get Free Report

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.

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Analyst Recommendations for VIZIO (NYSE:VZIO)

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