Shares of VIZIO Holding Corp. (NYSE:VZIO – Get Rating) have been assigned an average rating of "Moderate Buy" from the seven analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.50.
VZIO has been the topic of a number of recent analyst reports. Craig Hallum increased their price objective on shares of VIZIO to $15.00 in a research report on Monday, August 15th. Wells Fargo & Company dropped their price objective on shares of VIZIO from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, August 11th. Finally, Guggenheim increased their price objective on shares of VIZIO to $14.00 in a research report on Monday, August 15th.
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Insider Activity
In related news, major shareholder Technology Co. Ltd. Amtran sold 40,000 shares of the stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $7.51, for a total transaction of $300,400.00. Following the completion of the sale, the insider now owns 13,107,087 shares in the company, valued at approximately $98,434,223.37. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Julia S. Gouw sold 7,471 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $12.52, for a total transaction of $93,536.92. Following the completion of the sale, the director now owns 54,807 shares in the company, valued at approximately $686,183.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Technology Co. Ltd. Amtran sold 40,000 shares of the company's stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $7.51, for a total transaction of $300,400.00. Following the transaction, the insider now owns 13,107,087 shares of the company's stock, valued at approximately $98,434,223.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,055,310 shares of company stock worth $10,707,184. Corporate insiders own 45.43% of the company's stock.
Hedge Funds Weigh In On VIZIO
Large investors have recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new position in shares of VIZIO in the 2nd quarter valued at about $32,000. Legal & General Group Plc purchased a new position in shares of VIZIO in the 2nd quarter valued at about $66,000. 1620 Investment Advisors Inc. purchased a new position in shares of VIZIO in the 2nd quarter valued at about $70,000. Strs Ohio purchased a new position in shares of VIZIO in the 2nd quarter valued at about $107,000. Finally, Keebeck Alpha LP purchased a new position in VIZIO during the 1st quarter valued at about $113,000. Hedge funds and other institutional investors own 15.20% of the company's stock.
VIZIO Stock Up 1.7 %
Shares of VZIO opened at $11.95 on Thursday. VIZIO has a fifty-two week low of $6.47 and a fifty-two week high of $22.17. The firm's 50 day moving average price is $10.21 and its 200 day moving average price is $9.18.
VIZIO (NYSE:VZIO – Get Rating) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.04. VIZIO had a negative net margin of 1.77% and a negative return on equity of 11.40%. The company had revenue of $408.90 million for the quarter, compared to the consensus estimate of $407.17 million. During the same period in the prior year, the firm posted ($0.08) EPS. The company's quarterly revenue was up 1.9% compared to the same quarter last year.
About VIZIO
(Get Rating)
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 home entertainment solution, and data intelligence and services products through Inscape.
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