VIZIO Holding Corp. (NYSE:VZIO) Receives $10.77 Consensus Target Price from Brokerages

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

Several research analysts have issued reports on VZIO shares. Wells Fargo & Company reiterated an "equal weight" rating and issued a $11.50 price objective (up previously from $10.00) on shares of VIZIO in a research report on Tuesday, February 27th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $11.50 target price (up from $10.00) on shares of VIZIO in a report on Wednesday, February 21st. Needham & Company LLC restated a "hold" rating on shares of VIZIO in a report on Tuesday, April 16th. Craig Hallum reiterated a "hold" rating on shares of VIZIO in a research report on Wednesday, February 21st. Finally, Piper Sandler restated a "neutral" rating and set a $11.50 price objective (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 28th.

Insider Activity

In related news, 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 completion of the sale, the chief executive officer now directly owns 1,529,972 shares of the company's stock, valued at approximately $16,125,904.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, 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 transaction of $1,423,384.84. Following the transaction, the chief executive officer now owns 1,529,972 shares of the company's stock, valued at approximately $16,125,904.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Ben Bun Wong sold 59,449 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $10.53, for a total value of $625,997.97. Following the transaction, the chief operating officer now directly owns 3,261,702 shares in the company, valued at approximately $34,345,722.06. The disclosure for this sale can be found here. Insiders sold a total of 305,377 shares of company stock valued at $3,217,108 over the last three months. Insiders own 44.68% of the company's stock.

Institutional Trading of VIZIO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VZIO. Magnetar Financial LLC acquired a new stake in VIZIO in the 1st quarter valued at approximately $43,318,000. Vanguard Group Inc. grew its holdings in VIZIO by 13.6% in the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company's stock valued at $84,090,000 after buying an additional 918,300 shares during the last quarter. Gabelli Funds LLC acquired a new stake in VIZIO in the 1st quarter valued at approximately $9,784,000. Kennedy Capital Management LLC grew its holdings in VIZIO by 798.8% in the 3rd quarter. Kennedy Capital Management LLC now owns 765,486 shares of the company's stock valued at $4,141,000 after buying an additional 680,322 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of VIZIO in the 1st quarter worth approximately $6,760,000. Institutional investors and hedge funds own 66.24% of the company's stock.

VIZIO Price Performance

Shares of VIZIO stock traded up $0.04 on Friday, reaching $10.62. 856,460 shares of the company were exchanged, compared to its average volume of 2,628,747. VIZIO has a 1-year low of $4.82 and a 1-year high of $11.28. The company has a market cap of $2.10 billion, a P/E ratio of 118.01, a price-to-earnings-growth ratio of 3.02 and a beta of 2.08. The stock's 50 day moving average price is $10.74 and its 200-day moving average price is $9.00.

VIZIO (NYSE:VZIO - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $353.90 million during the quarter, compared to analyst estimates of $373.95 million. VIZIO had a net margin of 1.00% and a return on equity of 3.91%. VIZIO's quarterly revenue was down .8% compared to the same quarter last year. On average, research analysts predict that VIZIO will post 0.14 earnings per share for the current fiscal 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.