Needham & Company LLC Reaffirms "Hold" Rating for VIZIO (NYSE:VZIO)

Needham & Company LLC reaffirmed their hold rating on shares of VIZIO (NYSE:VZIO - Free Report) in a report published on Tuesday, Benzinga reports.

Several other analysts also recently weighed in on VZIO. TheStreet upgraded VIZIO from a d+ rating to a c- rating in a research report on Tuesday, February 20th. Roth Mkm restated a neutral rating and issued a $11.50 price objective (down from $12.00) on shares of VIZIO in a report on Wednesday, February 21st. Piper Sandler restated a neutral rating and issued a $11.50 price objective (down from $12.00) on shares of VIZIO in a report on Wednesday, February 28th. Barrington Research downgraded VIZIO from an outperform rating to a market perform rating in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. restated a neutral rating and issued a $11.50 price objective (up from $10.00) on shares of VIZIO in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $10.77.

VIZIO Price Performance

Shares of NYSE:VZIO traded up $0.08 on Tuesday, hitting $10.71. 1,361,513 shares of the company's stock were exchanged, compared to its average volume of 2,687,568. VIZIO has a 12 month low of $4.82 and a 12 month high of $11.28. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 71.40, a price-to-earnings-growth ratio of 2.10 and a beta of 2.13. The business's 50 day simple moving average is $10.55 and its two-hundred day simple moving average is $7.98.

VIZIO (NYSE:VZIO - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported $0.07 earnings per share 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 business had revenue of $502.60 million during the quarter, compared to the consensus estimate of $498.83 million. During the same period last year, the company earned $0.03 earnings per share. The business's revenue for the quarter was down 5.8% compared to the same quarter last year. Equities analysts forecast that VIZIO will post 0.2 EPS for the current fiscal year.

Insider Transactions at VIZIO

In other news, Director David Eugene Russell sold 300,000 shares of the business's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $9.91, for a total transaction of $2,973,000.00. Following the sale, the director now owns 2,536,542 shares in the company, valued at $25,137,131.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 45.06% of the company's stock.

Institutional Investors Weigh In On VIZIO

A number of large investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC purchased a new stake in shares of VIZIO during the first quarter worth about $44,000. Vanguard Group Inc. lifted its holdings in shares of VIZIO by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 6,768,212 shares of the company's stock worth $52,115,000 after purchasing an additional 141,792 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of VIZIO by 39.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 169,690 shares of the company's stock worth $1,307,000 after purchasing an additional 48,276 shares during the period. Virtu Financial LLC acquired a new stake in shares of VIZIO during the fourth quarter worth about $146,000. Finally, Voisard Asset Management Group Inc. acquired a new stake in shares of VIZIO during the fourth quarter worth about $167,000. Hedge funds and other 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.