VIZIO Holding Corp. (NYSE:VZIO) Short Interest Update

VIZIO Holding Corp. (NYSE:VZIO - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 18,380,000 shares, an increase of 38.4% from the March 15th total of 13,280,000 shares. Approximately 24.3% of the shares of the stock are short sold. Based on an average daily volume of 2,790,000 shares, the short-interest ratio is presently 6.6 days.

Insiders Place Their Bets

In other news, Director David Eugene Russell sold 300,000 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The stock was 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 of the company's stock, valued at approximately $25,137,131.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 45.06% of the company's stock.

Hedge Funds Weigh In On VIZIO

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Middle East FZE acquired a new position in shares of VIZIO in the 4th quarter valued at $46,000. Tower Research Capital LLC TRC boosted its stake in VIZIO by 381.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,877 shares of the company's stock worth $53,000 after purchasing an additional 6,240 shares during the period. UBS Group AG boosted its stake in VIZIO by 88.9% in the 3rd quarter. UBS Group AG now owns 6,378 shares of the company's stock worth $56,000 after purchasing an additional 3,002 shares during the period. AXQ Capital LP acquired a new position in VIZIO in the 3rd quarter worth $63,000. Finally, Legal & General Group Plc acquired a new position in VIZIO in the 2nd quarter worth $66,000. Institutional investors and hedge funds own 66.24% of the company's stock.

VIZIO Price Performance

Shares of VIZIO stock traded down $0.09 on Friday, hitting $10.69. 3,938,374 shares of the company's stock traded hands, compared to its average volume of 3,237,160. The firm's 50-day moving average price is $10.40 and its two-hundred day moving average price is $7.89. The stock has a market capitalization of $2.12 billion, a PE ratio of 71.27, a price-to-earnings-growth ratio of 2.12 and a beta of 2.12. VIZIO has a one year low of $4.82 and a one year high of $11.28.

VIZIO (NYSE:VZIO - Get Free Report) last announced its quarterly earnings results 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. VIZIO had a net margin of 1.68% and a return on equity of 6.84%. The company had revenue of $502.60 million during the quarter, compared to analyst estimates of $498.83 million. During the same quarter in the previous year, the business earned $0.03 EPS. The firm's revenue was down 5.8% on a year-over-year basis. On average, analysts forecast that VIZIO will post 0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on VZIO. B. Riley downgraded VIZIO from a "buy" rating to a "neutral" rating and set a $11.50 target price on the stock. in a report on Tuesday, February 20th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $11.50 price objective (up previously from $10.00) on shares of VIZIO in a research report on Wednesday, February 21st. TheStreet upgraded shares of VIZIO from a "d+" rating to a "c-" rating in a research report on Tuesday, February 20th. Needham & Company LLC restated a "hold" rating on shares of VIZIO in a research report on Tuesday, February 20th. Finally, Piper Sandler restated a "neutral" rating and issued a $11.50 price objective (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company's stock. According to MarketBeat, VIZIO currently has an average rating of "Hold" and an average target price of $10.77.

VIZIO Company Profile

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.