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VIZIO (NYSE:VZIO) Shares Gap Down to $9.91

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VIZIO Holding Corp. (NYSE:VZIO – Get Rating) shares gapped down prior to trading on Thursday . The stock had previously closed at $9.91, but opened at $9.43. VIZIO shares last traded at $9.37, with a volume of 205 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VZIO. Guggenheim increased their price target on shares of VIZIO to $14.00 in a research report on Monday, August 15th. Wells Fargo & Company decreased 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, Craig Hallum raised their price objective on shares of VIZIO to $15.00 in a research report on Monday, August 15th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $15.50.

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VIZIO Trading Down 8.1 %

The firm has a market capitalization of $1.75 billion, a PE ratio of -45.50 and a beta of 1.41. The business's 50 day simple moving average is $10.76 and its 200 day simple moving average is $9.13.

VIZIO (NYSE:VZIO – Get Rating) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.01 EPS for the quarter, topping 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 business had revenue of $408.90 million during the quarter, compared to analysts' expectations of $407.17 million. During the same period last year, the company posted ($0.08) EPS. The business's revenue was up 1.9% on a year-over-year basis.

Insiders Place Their Bets

In related news, Director Julia S. Gouw sold 7,471 shares of VIZIO stock in a transaction dated 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 transaction, the director now directly owns 54,807 shares of the company's stock, valued at approximately $686,183.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Julia S. Gouw sold 7,471 shares of VIZIO stock in a transaction dated 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 transaction, the director now directly owns 54,807 shares of the company's stock, valued at approximately $686,183.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Technology Co. Ltd. Amtran sold 9,420 shares of VIZIO stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $10.03, for a total transaction of $94,482.60. Following the sale, the insider now owns 11,226,698 shares of the company's stock, valued at approximately $112,603,780.94. The disclosure for this sale can be found here. Insiders sold 1,074,730 shares of company stock valued at $11,435,466 in the last three months. Corporate insiders own 45.43% of the company's stock.

Institutional Investors Weigh In On VIZIO

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates bought a new stake in shares of VIZIO in the 4th quarter valued at about $197,000. Adage Capital Partners GP L.L.C. raised its holdings in shares of VIZIO by 296.2% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 792,467 shares of the company's stock valued at $15,398,000 after purchasing an additional 592,467 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of VIZIO by 53.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 609,033 shares of the company's stock valued at $11,834,000 after purchasing an additional 211,351 shares in the last quarter. Empirical Capital Management LLC bought a new stake in shares of VIZIO in the 4th quarter valued at about $291,000. Finally, Walleye Capital LLC bought a new stake in shares of VIZIO in the 4th quarter valued at about $1,173,000. Institutional investors own 15.20% of the company's stock.

VIZIO Company Profile

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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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