VIZIO Holding Corp. (NYSE:VZIO – Get Free Report) has been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $10.77.
VZIO has been the subject of several analyst reports. Needham & Company LLC restated a “hold” rating on shares of VIZIO in a report on Friday, June 21st. Barrington Research upgraded VIZIO from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 29th.
Check Out Our Latest Analysis on VZIO
Insider Activity
Hedge Funds Weigh In On VIZIO
Several hedge funds have recently bought and sold shares of VZIO. Magnetar Financial LLC acquired a new position in VIZIO during the 1st quarter worth about $43,318,000. Vanguard Group Inc. increased its holdings in VIZIO by 13.6% during the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock worth $84,090,000 after purchasing an additional 918,300 shares during the period. Gabelli Funds LLC purchased a new stake in VIZIO during the 1st quarter worth about $9,784,000. Tokio Marine Asset Management Co. Ltd. purchased a new stake in VIZIO during the 1st quarter worth about $6,760,000. Finally, American Century Companies Inc. increased its holdings in VIZIO by 20.2% during the 3rd quarter. American Century Companies Inc. now owns 3,130,122 shares of the company’s stock worth $16,934,000 after purchasing an additional 525,334 shares during the period. Institutional investors and hedge funds own 66.24% of the company’s stock.
VIZIO Stock Performance
Shares of VZIO opened at $10.96 on Friday. VIZIO has a one year low of $4.82 and a one year high of $11.28. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 121.79, a PEG ratio of 4.44 and a beta of 2.04. The stock has a 50 day moving average price of $10.70 and a 200 day moving average price of $10.01.
VIZIO (NYSE:VZIO – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). The firm had revenue of $353.90 million for the quarter, compared to analysts’ expectations of $373.95 million. VIZIO had a return on equity of 3.91% and a net margin of 1.00%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts predict that VIZIO will post 0.1 earnings per share for the current year.
VIZIO Company Profile
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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