VIZIO Holding Corp. (NYSE:VZIO) shares traded 0.59% higher at $8.51 on Wall Street last session.
In accordance with the data, 12 analysts cover VIZIO Holding Corp. (NYSE:VZIO). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $9.00, we find $13.00. Given the previous closing price of $8.46, this indicates a potential upside of 53.66 percent. VZIO stock price is now -5.20% away from the 50-day moving average and -7.79% away from the 200-day moving average. The market capitalization of the company currently stands at $1.61B.
It has been rated a hold by 2 analysts and a buy by 9. Brokers who have rated the stock have averaged $13.71 as their price target over the next twelve months.
With the price target of $13, Morgan Stanley recently initiated with Equal-Weight rating for VIZIO Holding Corp. (NYSE: VZIO). On March 04, 2022, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $20 to quote $16, while ‘Craig Hallum’ rates the stock as ‘Buy’.
In other news, Townsend Adam R., Chief Financial Officer sold 19,933 shares of the company’s stock on Nov 15. The stock was sold for $219,721 at an average price of $11.02. Upon completion of the transaction, the Chief Financial Officer now directly owns 491,486 shares in the company, valued at $4.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, Chief Financial Officer Townsend Adam R. sold 67 shares of the business’s stock. A total of $744 was realized by selling the stock at an average price of $11.10. This leaves the insider owning 510,419 shares of the company worth $4.34 million. Insiders disposed of 4,090,113 shares of company stock worth roughly $34.81 million over the past 1 year. A total of 12.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VZIO stock. A new stake in VIZIO Holding Corp. shares was purchased by AMERICAN CENTURY COMPANIES INC during the first quarter worth $10,966,000. CASTLEARK MANAGEMENT LLC invested $3,176,000 in shares of VZIO during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in VIZIO Holding Corp. valued at approximately $1,998,000. SEI INVESTMENTS CO acquired a new stake in VZIO for approximately $1,397,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC purchased a new stake in VZIO valued at around $1,055,000 in the second quarter. In total, there are 126 active investors with 29.40% ownership of the company’s stock.
VIZIO Holding Corp. (NYSE: VZIO) opened at $8.48 on Monday. During the past 12 months, VIZIO Holding Corp. has had a low of $6.47 and a high of $15.84. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.50, and a quick ratio of 1.40. The fifty day moving average price for VZIO is $8.98 and a two-hundred day moving average price translates $9.23 for the stock.
The latest earnings results from VIZIO Holding Corp. (NYSE: VZIO) was released for Jun, 2022. According to the Consumer Electronics Company, earnings per share came in at $0.01, beating analysts’ expectations of -$0.02 by 0.03. This compares to -$0.10 EPS in the same period last year. The net profit margin was -0.80% and return on equity was -4.90% for VZIO. The company reported revenue of $435.0 million for the quarter, compared to $588.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.06 percent. For the current quarter, analysts expect VZIO to generate $442.85M in revenue.
VIZIO Holding Corp.(VZIO) 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 home entertainment solution, and data intelligence and services products through Inscape. Its SmartCast delivers content and applications through an easy-to-use interface, as well as supports streaming apps, such as Amazon Prime Video, Apple TV+, Discovery+, Disney+, HBO Max, Hulu, Netflix, Paramount+, Peacock, and YouTube TV and hosts its free ad-supported video app, WatchFree, and VIZIO Free channels. In addition, the company provides support for third-party voice platforms, as well as second screen viewing. It sells its products to retailers and through online channels. VIZIO Holding Corp. was incorporated in 2002 and is headquartered in Irvine, California.