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.
Get VIZIO alerts: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
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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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