VIZIO Holding Corp. (NYSE:VZIO) Receives Consensus Rating of “Reduce” from Brokerages

VIZIO Holding Corp. (NYSE:VZIO) has earned a consensus rating of “Reduce” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and ten have issued a hold rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $10.77.

A number of analysts have weighed in on the stock. TheStreet upgraded VIZIO from a “d+” rating to a “c-” rating in a report on Tuesday, February 20th. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a report on Tuesday, April 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.50 price target (up previously from $10.00) on shares of VIZIO in a research note on Wednesday, February 21st. B. Riley lowered shares of VIZIO from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a report on Tuesday, February 20th. Finally, Barrington Research downgraded VIZIO from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 20th.

Insider Activity at VIZIO

In other VIZIO news, Director David Eugene Russell sold 300,000 shares of the 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 owns 2,536,542 shares in the company, valued at $25,137,131.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 45.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On VIZIO

Hedge funds have recently added to or reduced their stakes in the stock. Byrne Asset Management LLC purchased a new position in VIZIO during the 1st quarter worth $37,000. Future Financial Wealth Managment LLC purchased a new position in VIZIO during the first quarter worth about $44,000. AXQ Capital LP bought a new stake in VIZIO in the 3rd quarter worth about $63,000. Fox Run Management L.L.C. purchased a new stake in VIZIO in the 3rd quarter valued at about $95,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of VIZIO by 26.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,166 shares of the company’s stock worth $109,000 after buying an additional 2,979 shares in the last quarter. Institutional investors and hedge funds own 66.24% of the company’s stock.

VIZIO Price Performance

Shares of NYSE VZIO opened at $10.75 on Monday. VIZIO has a fifty-two week low of $4.82 and a fifty-two week high of $11.28. The stock has a market capitalization of $2.13 billion, a PE ratio of 71.67, a P/E/G ratio of 2.11 and a beta of 2.12. The business has a fifty day moving average price of $10.90 and a two-hundred day moving average price of $8.30.

VIZIO (NYSE:VZIO) 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 firm had revenue of $502.60 million during the quarter, compared to analysts’ expectations of $498.83 million. During the same period in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, equities analysts expect that VIZIO will post 0.2 EPS for the current year.

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.