VIZIO Holding Corp. (NYSE:VZIO) Insider Michael Joseph O’donnell Sells 6,400 Shares

VIZIO Holding Corp. (NYSE:VZIO) insider Michael Joseph O’donnell sold 6,400 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $5.91, for a total value of $37,824.00. Following the sale, the insider now owns 354,215 shares in the company, valued at $2,093,410.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael Joseph O’donnell also recently made the following trade(s):

• On Monday, August 21st, Michael Joseph O’donnell sold 1,983 shares of VIZIO stock. The shares were sold at an average price of $6.23, for a total value of $12,354.09.
• On Monday, August 21st, Michael Joseph O’donnell sold 1,983 shares of VIZIO stock. The shares were sold at an average price of $6.23, for a total value of $12,354.09.

VIZIO Stock Up 0.7 %

Shares of NYSE VZIO opened at $5.83 on Tuesday. The business has a fifty day simple moving average of $6.65 and a two-hundred day simple moving average of $7.67. The firm has a market cap of $1.14 billion, a PE ratio of 116.60, a price-to-earnings-growth ratio of 5.67 and a beta of 1.71. VIZIO Holding Corp. has a twelve month low of $5.36 and a twelve month high of $12.17.

VIZIO (NYSE:VZIO) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.01 EPS for the quarter. The firm had revenue of $394.40 million during the quarter, compared to analyst estimates of $379.57 million. VIZIO had a return on equity of 2.52% and a net margin of 0.55%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. On average, research analysts expect that VIZIO Holding Corp. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VZIO. Bessemer Group Inc. bought a new position in shares of VIZIO in the 1st quarter worth $45,000. Point72 Middle East FZE purchased a new position in VIZIO during the 4th quarter worth $46,000. Tower Research Capital LLC TRC grew its stake in VIZIO by 381.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,877 shares of the company’s stock worth $53,000 after buying an additional 6,240 shares during the last quarter. UBS Group AG grew its stake in VIZIO by 88.9% during the 3rd quarter. UBS Group AG now owns 6,378 shares of the company’s stock worth $56,000 after buying an additional 3,002 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in VIZIO during the 2nd quarter worth $66,000. 23.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $11.00 price target on shares of VIZIO in a research note on Wednesday, August 9th. Bank of America lowered VIZIO from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $11.00 to $6.00 in a research note on Thursday, August 24th. JPMorgan Chase & Co. decreased their price target on VIZIO from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, August 9th. Finally, Stephens decreased their price target on VIZIO from $17.00 to $16.00 in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, VIZIO currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

About VIZIO

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.