VIZIO Holding Corp. (NYSE:VZIO) Receives Average Rating of “Reduce” from Brokerages

VIZIO Holding Corp. (NYSE:VZIO) has been assigned a consensus rating of “Reduce” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $10.77.

A number of research firms recently weighed in on VZIO. JPMorgan Chase & Co. restated a “neutral” rating and set a $11.50 target price (up previously from $10.00) on shares of VIZIO in a research note on Wednesday, February 21st. Piper Sandler reaffirmed a “neutral” rating and issued a $11.50 price objective (down previously from $12.00) on shares of VIZIO in a research note on Wednesday, February 28th. Craig Hallum reissued a “hold” rating on shares of VIZIO in a research note on Wednesday, February 21st. TheStreet raised VIZIO from a “d+” rating to a “c-” rating in a report on Tuesday, February 20th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $11.50 price objective (up from $10.00) on shares of VIZIO in a report on Tuesday, February 27th.

Insider Buying and Selling at VIZIO

In other VIZIO news, Director David Eugene Russell sold 300,000 shares of VIZIO stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $9.91, for a total value of $2,973,000.00. Following the completion of the transaction, the director now directly owns 2,536,542 shares of the company’s stock, valued at approximately $25,137,131.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 45.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On VIZIO

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of VIZIO by 12.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,626,420 shares of the company’s stock worth $35,849,000 after purchasing an additional 740,941 shares during the period. American Century Companies Inc. boosted its position in shares of 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 buying an additional 525,334 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of 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 buying an additional 188,430 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of VIZIO by 34.7% during the fourth quarter. Corient Private Wealth LLC now owns 800,118 shares of the company’s stock valued at $6,161,000 after buying an additional 205,958 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its holdings in shares of VIZIO by 798.8% in the third quarter. Kennedy Capital Management LLC now owns 765,486 shares of the company’s stock worth $4,141,000 after buying an additional 680,322 shares during the period. Hedge funds and other institutional investors own 66.24% of the company’s stock.

VIZIO Trading Down 0.1 %

Shares of NYSE:VZIO opened at $10.75 on Monday. The stock has a 50 day moving average of $10.90 and a 200 day moving average of $8.30. The company has a market cap of $2.13 billion, a PE ratio of 71.67, a price-to-earnings-growth ratio of 2.11 and a beta of 2.12. VIZIO has a 12-month low of $4.82 and a 12-month high of $11.28.

VIZIO (NYSE:VZIO) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $502.60 million for the quarter, compared to the consensus estimate of $498.83 million. VIZIO had a net margin of 1.68% and a return on equity of 6.84%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Equities research analysts predict that VIZIO will post 0.2 earnings per share for the current fiscal 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 entertainment solution, and data intelligence and services products through Inscape.