Analysts Set VIZIO Holding Corp. (NYSE:VZIO) Price Target at $10.77

VIZIO Holding Corp. (NYSE:VZIO) has been given an average rating of “Reduce” by the eleven research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $10.77.

A number of equities analysts have commented on VZIO shares. Craig Hallum restated a “hold” rating on shares of VIZIO in a research note on Wednesday, February 21st. Roth Capital downgraded VIZIO from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.50 price objective (up from $10.00) on shares of VIZIO in a research note on Wednesday, February 21st. Roth Mkm reissued a “neutral” rating and issued a $11.50 target price (down from $12.00) on shares of VIZIO in a report on Wednesday, February 21st. Finally, Barrington Research downgraded shares of VIZIO from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 20th.

VIZIO Stock Performance

VZIO stock opened at $10.66 on Monday. VIZIO has a 52 week low of $4.82 and a 52 week high of $11.28. The company has a market capitalization of $2.11 billion, a PE ratio of 71.07, a price-to-earnings-growth ratio of 2.12 and a beta of 2.12. The company’s 50-day simple moving average is $10.92 and its 200 day simple moving average is $8.38.

VIZIO (NYSE:VZIO) last announced its earnings results on Tuesday, February 27th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. VIZIO had a net margin of 1.68% and a return on equity of 6.84%. The firm had revenue of $502.60 million for the quarter, compared to analyst estimates of $498.83 million. During the same quarter in the prior year, the business posted $0.03 EPS. The business’s revenue was down 5.8% compared to the same quarter last year. On average, analysts forecast that VIZIO will post 0.2 EPS for the current year.

Insider Activity at VIZIO

In other VIZIO news, Director David Eugene Russell sold 300,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 2,536,542 shares in the company, valued at approximately $25,137,131.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 45.06% of the stock is owned by company insiders.

Institutional Trading of VIZIO

A number of large investors have recently bought and sold shares of VZIO. Byrne Asset Management LLC bought a new stake in VIZIO in the first quarter valued at $37,000. Future Financial Wealth Managment LLC acquired a new stake in VIZIO in the first quarter valued at approximately $44,000. Principal Financial Group Inc. acquired a new stake in VIZIO in the 1st quarter valued at $110,000. AXQ Capital LP bought a new stake in VIZIO during the 3rd quarter valued at $63,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of VIZIO by 26.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,166 shares of the company’s stock valued at $109,000 after buying an additional 2,979 shares in the last quarter. 66.24% of the stock is currently owned by institutional investors and hedge funds.

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.