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

Shares of VIZIO Holding Corp. (NYSE:VZIO) have been assigned an average rating of “Reduce” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $10.77.

VZIO has been the subject of several research reports. TheStreet upgraded shares of VIZIO from a “d+” rating to a “c-” rating in a research report on Tuesday, February 20th. Craig Hallum reiterated a “hold” rating on shares of VIZIO in a research note on Wednesday, February 21st. Roth Mkm reissued a “neutral” rating and issued a $11.50 target price (down from $12.00) on shares of VIZIO in a research report on Wednesday, February 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $11.50 price target (up previously from $10.00) on shares of VIZIO in a research report on Tuesday, February 27th. Finally, Piper Sandler reissued a “neutral” rating and issued a $11.50 price objective (down previously from $12.00) on shares of VIZIO in a report on Wednesday, February 28th.

Insider Activity at VIZIO

In related news, Director David Eugene Russell sold 300,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 2,536,542 shares in the company, valued at $25,137,131.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 45.06% of the stock is owned by corporate insiders.

Institutional Trading of VIZIO

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of VIZIO by 12.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,626,420 shares of the company’s stock valued at $35,849,000 after acquiring an additional 740,941 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in shares of VIZIO by 798.8% during the third quarter. Kennedy Capital Management LLC now owns 765,486 shares of the company’s stock valued at $4,141,000 after purchasing an additional 680,322 shares during the period. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of VIZIO in the first quarter worth approximately $6,760,000. American Century Companies Inc. increased its stake in shares of VIZIO by 20.2% in the third quarter. American Century Companies Inc. now owns 3,130,122 shares of the company’s stock worth $16,934,000 after buying an additional 525,334 shares during the period. Finally, Algert Global LLC purchased a new position in shares of VIZIO in the third quarter worth $2,265,000. Institutional investors own 66.24% of the company’s stock.

VIZIO Stock Performance

NYSE:VZIO opened at $10.56 on Monday. VIZIO has a 52 week low of $4.82 and a 52 week high of $11.28. The firm has a 50-day moving average price of $10.90 and a two-hundred day moving average price of $8.41. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 70.67, a price-to-earnings-growth ratio of 2.13 and a beta of 2.08.

VIZIO (NYSE:VZIO) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. VIZIO had a return on equity of 6.84% and a net margin of 1.68%. The business had revenue of $502.60 million for the quarter, compared to analyst estimates of $498.83 million. During the same period last year, the company posted $0.03 earnings per share. VIZIO’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that VIZIO will post 0.2 earnings per share 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 entertainment solution, and data intelligence and services products through Inscape.