VIZIO Holding Corp. (NYSE:VZIO) Given Average Rating of “Hold” by Brokerages

Shares of VIZIO Holding Corp. (NYSE:VZIO) have been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $10.77.

VZIO has been the subject of a number of analyst reports. Needham & Company LLC restated a “hold” rating on shares of VIZIO in a research report on Tuesday, April 16th. B. Riley cut shares of VIZIO from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a report on Tuesday, February 20th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 price objective (up previously from $10.00) on shares of VIZIO in a research note on Wednesday, February 21st. Barrington Research upgraded VIZIO from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 29th. Finally, Roth Capital cut VIZIO from a “buy” rating to a “neutral” rating in a report on Wednesday, February 21st.

VIZIO Trading Up 0.2 %

VIZIO stock opened at $10.72 on Tuesday. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 119.12, a P/E/G ratio of 4.35 and a beta of 2.06. The firm has a 50 day simple moving average of $10.66 and a 200 day simple moving average of $9.51. VIZIO has a 1-year low of $4.82 and a 1-year high of $11.28.

VIZIO (NYSE:VZIO) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). VIZIO had a net margin of 1.00% and a return on equity of 3.91%. The company had revenue of $353.90 million during the quarter, compared to analysts’ expectations of $373.95 million. The company’s revenue was down .8% compared to the same quarter last year. On average, equities research analysts forecast that VIZIO will post 0.1 EPS for the current year.

Insider Activity at VIZIO

In other VIZIO news, COO Ben Bun Wong sold 59,449 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $34,345,722.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Ben Bun Wong sold 59,449 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $10.53, for a total transaction of $625,997.97. Following the sale, the chief operating officer now owns 3,261,702 shares in the company, valued at approximately $34,345,722.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Adam R. Townsend sold 97,110 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $10.53, for a total transaction of $1,022,568.30. Following the completion of the sale, the chief financial officer now directly owns 482,562 shares in the company, valued at $5,081,377.86. The disclosure for this sale can be found here. Insiders have sold 305,377 shares of company stock worth $3,217,108 over the last 90 days. 44.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On VIZIO

Several large investors have recently made changes to their positions in VZIO. Byrne Asset Management LLC bought a new position in VIZIO during the 1st quarter valued at approximately $37,000. Future Financial Wealth Managment LLC bought a new position in shares of VIZIO during the first quarter valued at $44,000. AXQ Capital LP purchased a new position in shares of VIZIO in the 3rd quarter worth about $63,000. Meeder Asset Management Inc. bought a new position in VIZIO in the 1st quarter worth about $101,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in VIZIO by 26.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,166 shares of the company’s stock valued at $109,000 after purchasing an additional 2,979 shares during the last quarter. 66.24% of the stock is currently owned by hedge funds and other institutional investors.

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.