Traders Purchase Large Volume of Put Options on VIZIO (NYSE:VZIO)

VIZIO Holding Corp. (NYSE:VZIO - Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors purchased 24,186 put options on the company. This is an increase of 791% compared to the average daily volume of 2,716 put options.

Analysts Set New Price Targets

Several analysts recently weighed in on VZIO shares. Roth Capital downgraded VIZIO from a "buy" rating to a "neutral" rating in a report on Wednesday, February 21st. Piper Sandler reiterated a "neutral" rating and issued a $11.50 target price (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 28th. Wells Fargo & Company reissued an "equal weight" rating and issued a $11.50 price target (up from $10.00) on shares of VIZIO in a report on Tuesday, February 27th. TheStreet raised VIZIO from a "d+" rating to a "c-" rating in a report on Tuesday, February 20th. Finally, Roth Mkm reaffirmed a "neutral" rating and set a $11.50 target price (down from $12.00) on shares of VIZIO in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.77.

VIZIO Trading Down 0.4 %

Shares of NYSE:VZIO traded down $0.04 on Wednesday, hitting $10.80. The company had a trading volume of 3,296,168 shares, compared to its average volume of 2,702,965. VIZIO has a 52-week low of $4.82 and a 52-week high of $11.28. The business has a 50 day moving average of $10.18 and a 200 day moving average of $7.80. The company has a market cap of $2.14 billion, a PE ratio of 72.30, a PEG ratio of 2.14 and a beta of 2.12.

VIZIO (NYSE:VZIO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. VIZIO had a return on equity of 6.84% and a net margin of 1.68%. The company had revenue of $502.60 million during the quarter, compared to analyst estimates of $498.83 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The firm's revenue was down 5.8% on a year-over-year basis. As a group, equities analysts predict that VIZIO will post 0.2 EPS for the current year.

Insider Buying and Selling at VIZIO

In related news, Director David Eugene Russell sold 300,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 2,536,542 shares of the company's stock, valued at $25,137,131.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 45.06% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VZIO. Private Advisor Group LLC increased its position in VIZIO by 22.9% in the 1st quarter. Private Advisor Group LLC now owns 51,734 shares of the company's stock valued at $460,000 after acquiring an additional 9,624 shares during the period. BlackRock Inc. boosted its position in VIZIO by 1.9% during the first quarter. BlackRock Inc. now owns 467,715 shares of the company's stock valued at $4,157,000 after purchasing an additional 8,755 shares during the last quarter. Vanguard Group Inc. boosted its position in VIZIO by 2.8% during the first quarter. Vanguard Group Inc. now owns 3,339,228 shares of the company's stock valued at $29,686,000 after purchasing an additional 89,989 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in VIZIO by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 184,140 shares of the company's stock valued at $1,638,000 after purchasing an additional 4,468 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in VIZIO during the first quarter valued at about $677,000. Institutional investors own 66.24% of the company's stock.

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.

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