VIZIO Holding (VZIO – Research Report) received a Hold rating and price target from Needham analyst Laura Martin today. The company’s shares opened today at $11.01.
According to TipRanks, Martin is an analyst with an average return of -10.5% and a 41.00% success rate. Martin covers the Communication Services sector, focusing on stocks such as Walt Disney, fuboTV, and Perion Network.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for VIZIO Holding with a $10.50 average price target, which is a -4.59% downside from current levels. In a report released today, B.Riley Financial also downgraded the stock to a Hold with a $11.50 price target.
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Based on VIZIO Holding’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $426.2 million and a net profit of $13.8 million. In comparison, last year the company earned a revenue of $435 million and had a net profit of $2 million
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VIZIO Holding (VZIO) Company Description:
VIZIO Holding Corp operates two distinct integrated businesses: Device and Platform+. Through Device business, it offers a range of high-performance Smart TVs designed to address specific consumer preferences, as well as a portfolio of soundbars that deliver immersive audio experiences. It generates revenue from the shipment of these devices to retailers and distributors across the United States, as well as directly to consumers through the website. The Platform+ business includes a state-of-the-art Smart TV operating system, SmartCast, which delivers a vast amount of content and applications through an easy-to-use interface.
Read More on VZIO:
- Here’s what Wall Street experts are saying about Walmart ahead of earnings
- Barrington expects Vizio buyout price to be several dollars above $10
- Walmart deal for Vizio not positive for Electronics rivals, says Morgan Stanley
- Walmart, Vizio deal would be bad outcome for Roku, says JPMorgan
- Vizio extends advance to 25% after WSJ says Walmart in talks to buy
