VIZIO Holding Corp. (NYSE:VZIO) Receives $10.77 Consensus PT from Analysts

VIZIO Holding Corp. (NYSE:VZIO) 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.

Insider Activity

In other news, COO Ben Bun Wong sold 59,449 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $10.53, for a total value of $625,997.97. Following the transaction, the chief operating officer now owns 3,261,702 shares of the company’s stock, valued at approximately $34,345,722.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, COO Ben Bun Wong sold 59,449 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $10.53, for a total transaction of $625,997.97. Following the transaction, the chief operating officer now owns 3,261,702 shares of the company’s stock, valued at approximately $34,345,722.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William Wei Wang sold 135,046 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $10.54, for a total value of $1,423,384.84. Following the transaction, the chief executive officer now directly owns 1,529,972 shares in the company, valued at approximately $16,125,904.88. The disclosure for this sale can be found here. Insiders have sold a total of 542,902 shares of company stock valued at $5,741,999 in the last quarter. Insiders own 44.68% of the company’s stock.

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) 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.