VIZIO Holding Corp. (NYSE:VZIO) Receives Average Recommendation of "Reduce" from Analysts

Shares of VIZIO Holding Corp. (NYSE:VZIO - Get Free Report) have received an average recommendation of "Reduce" from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $10.77.

Several research firms recently issued reports on VZIO. Craig Hallum reaffirmed a "hold" rating on shares of VIZIO in a research report on Wednesday, February 21st. Roth Mkm reissued a "neutral" rating and set a $11.50 price target (down from $12.00) on shares of VIZIO in a report on Wednesday, February 21st. Roth Capital cut VIZIO from a "buy" rating to a "neutral" rating in a report 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 issued a $11.50 target price (up from $10.00) on shares of VIZIO in a report on Tuesday, February 27th.

VIZIO Trading Down 0.5 %

VZIO stock traded down $0.06 during midday trading on Thursday, hitting $10.91. The company's stock had a trading volume of 2,711,855 shares, compared to its average volume of 2,745,060. The company has a market cap of $2.16 billion, a PE ratio of 73.10, a P/E/G ratio of 2.14 and a beta of 2.12. VIZIO has a 12 month low of $4.82 and a 12 month high of $11.28. The firm's 50-day moving average is $9.89 and its 200-day moving average is $7.64.

VIZIO (NYSE:VZIO - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.07 earnings per share (EPS) 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 analysts' expectations of $498.83 million. VIZIO had a return on equity of 6.84% and a net margin of 1.68%. The firm's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS. Analysts expect that VIZIO will post 0.2 earnings per share for the current year.

Insider Activity

In related news, Director David Eugene Russell sold 300,000 shares of VIZIO stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $9.91, for a total transaction of $2,973,000.00. Following the transaction, the director now directly owns 2,536,542 shares of the company's stock, valued at $25,137,131.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 45.06% of the company's stock.

Hedge Funds Weigh In On VIZIO

Several institutional investors have recently bought and sold shares of VZIO. Arizona State Retirement System lifted its stake in VIZIO by 8.4% in the 4th quarter. Arizona State Retirement System now owns 20,153 shares of the company's stock valued at $155,000 after buying an additional 1,570 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in VIZIO by 15.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,163 shares of the company's stock worth $90,000 after acquiring an additional 1,664 shares in the last quarter. MetLife Investment Management LLC raised its stake in VIZIO by 4.5% during the 2nd quarter. MetLife Investment Management LLC now owns 39,019 shares of the company's stock worth $263,000 after acquiring an additional 1,692 shares in the last quarter. First Eagle Investment Management LLC raised its stake in VIZIO by 0.3% during the 4th quarter. First Eagle Investment Management LLC now owns 595,373 shares of the company's stock worth $4,584,000 after acquiring an additional 2,062 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in VIZIO by 3.3% during the 4th quarter. California State Teachers Retirement System now owns 76,801 shares of the company's stock worth $591,000 after acquiring an additional 2,425 shares in the last quarter. 66.24% of the stock is 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.