VIZIO Holding Corp. (NYSE:VZIO) Receives Average Recommendation of “Moderate Buy” from Analysts

VIZIO Holding Corp. (NYSE:VZIO) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $12.00.

Several equities analysts recently weighed in on VZIO shares. JPMorgan Chase & Co. dropped their price objective on VIZIO from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, August 9th. Stephens reduced their price target on shares of VIZIO from $17.00 to $16.00 in a report on Wednesday, August 9th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price objective on shares of VIZIO in a research note on Wednesday, August 9th. Finally, Bank of America lowered VIZIO from a “buy” rating to an “underperform” rating and reduced their target price for the company from $11.00 to $6.00 in a research note on Thursday, August 24th.

Insiders Place Their Bets

In other VIZIO news, insider Michael Joseph O’donnell sold 6,400 shares of VIZIO 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 completion of the sale, the insider now directly owns 354,215 shares of the company’s stock, valued at approximately $2,093,410.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 10,366 shares of company stock valued at $62,532. Company insiders own 45.06% of the company’s stock.

Institutional Trading of VIZIO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its stake in shares of VIZIO by 22.9% during the 1st quarter. Private Advisor Group LLC now owns 51,734 shares of the company’s stock valued at $460,000 after buying an additional 9,624 shares during the period. BlackRock Inc. grew its stake in shares of VIZIO by 1.9% during the 1st quarter. BlackRock Inc. now owns 467,715 shares of the company’s stock valued at $4,157,000 after buying an additional 8,755 shares during the period. Vanguard Group Inc. grew its holdings in shares of VIZIO by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 3,339,228 shares of the company’s stock worth $29,686,000 after purchasing an additional 89,989 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of VIZIO by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 184,140 shares of the company’s stock worth $1,638,000 after purchasing an additional 4,468 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of VIZIO during the 1st quarter worth about $677,000. Hedge funds and other institutional investors own 23.81% of the company’s stock.

VIZIO Stock Down 0.2 %

Shares of VZIO opened at $5.94 on Friday. The company has a 50-day simple moving average of $6.56 and a 200-day simple moving average of $7.55. The company has a market capitalization of $1.17 billion, a PE ratio of 118.82, a P/E/G ratio of 6.17 and a beta of 1.71. VIZIO has a 52-week low of $5.36 and a 52-week high of $11.64.

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

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.