VIZIO Holding Corp. (NYSE:VZIO) Insider Michael Joseph O’donnell Sells 1,676 Shares

VIZIO Holding Corp. (NYSE:VZIOGet Rating) insider Michael Joseph O’donnell sold 1,676 shares of VIZIO stock in a transaction dated Sunday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $14,212.48. Following the completion of the sale, the insider now directly owns 176,892 shares in the company, valued at approximately $1,500,044.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE:VZIO traded down $0.85 during mid-day trading on Tuesday, hitting $7.74. 812,369 shares of the stock traded hands, compared to its average volume of 717,111. The business’s 50-day moving average price is $8.29 and its 200 day moving average price is $13.63. The company has a market cap of $1.48 billion, a PE ratio of -26.69, a price-to-earnings-growth ratio of 9.92 and a beta of 0.82. VIZIO Holding Corp. has a 12-month low of $6.62 and a 12-month high of $28.24.

VIZIO (NYSE:VZIOGet Rating) last released its quarterly earnings results on Thursday, May 12th. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). VIZIO had a negative net margin of 2.55% and a negative return on equity of 16.87%. The business had revenue of $485.50 million during the quarter, compared to analysts’ expectations of $453.29 million. During the same quarter in the previous year, the company earned $0.02 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts predict that VIZIO Holding Corp. will post 0.03 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in VIZIO by 50.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,702,513 shares of the company’s stock worth $15,135,000 after buying an additional 573,233 shares in the last quarter. Empirical Capital Management LLC boosted its stake in shares of VIZIO by 65.3% in the 1st quarter. Empirical Capital Management LLC now owns 24,800 shares of the company’s stock valued at $220,000 after purchasing an additional 9,800 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of VIZIO in the 1st quarter valued at $225,000. Quinn Opportunity Partners LLC boosted its stake in shares of VIZIO by 11.3% in the 1st quarter. Quinn Opportunity Partners LLC now owns 152,902 shares of the company’s stock valued at $1,359,000 after purchasing an additional 15,500 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of VIZIO in the 1st quarter valued at $713,000. 23.19% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on VZIO. Needham & Company LLC lowered their price target on shares of VIZIO from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, March 4th. Guggenheim lowered their price target on shares of VIZIO from $24.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, April 21st. Craig Hallum reduced their price objective on shares of VIZIO from $20.00 to $13.00 in a research note on Wednesday, April 20th. Barrington Research reduced their price objective on shares of VIZIO from $27.00 to $17.00 in a research note on Monday, March 7th. Finally, Piper Sandler reduced their price objective on shares of VIZIO from $21.00 to $15.00 in a research note on Friday, May 13th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, VIZIO currently has a consensus rating of “Buy” and a consensus target price of $18.43.

About VIZIO (Get Rating)

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 home entertainment solution, and data intelligence and services products through Inscape.

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