The stock of VIZIO Holding Corp. (NYSE:VZIO) last traded at $7.10, down -0.70% from the previous session.
VZIO stock price is now -1.47% away from the 50-day moving average and -19.21% away from the 200-day moving average. The market capitalization of the company currently stands at $1.29B.
With the price target of $13, Morgan Stanley recently initiated with Equal-Weight rating for VIZIO Holding Corp. (NYSE: VZIO).
In other news, Townsend Adam R., Chief Financial Officer sold 46,901 shares of the company’s stock on May 30. The stock was sold for $306,920 at an average price of $6.54. Upon completion of the transaction, the Chief Financial Officer now directly owns 424,312 shares in the company, valued at $3.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22, Chief Financial Officer Townsend Adam R. sold 21,130 shares of the business’s stock. A total of $152,094 was realized by selling the stock at an average price of $7.20. This leaves the insider owning 471,213 shares of the company worth $3.35 million. Insiders disposed of 2,612,081 shares of company stock worth roughly $18.55 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 FIRST EAGLE INVESTMENT MANAGEMENT, LLC during the first quarter worth $1,441,000. CANNELL CAPITAL LLC invested $921,000 in shares of VZIO during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in VIZIO Holding Corp. valued at approximately $529,000. ALPHA PARADIGM PARTNERS, LLC acquired a new stake in VZIO for approximately $519,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP purchased a new stake in VZIO valued at around $249,000 in the second quarter. In total, there are 145 active investors with 29.40% ownership of the company’s stock.
With an opening price of $7.35 on Wednesday morning, VIZIO Holding Corp. (NYSE: VZIO) set off the trading day. During the past 12 months, VIZIO Holding Corp. has had a low of $6.32 and a high of $13.84. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.60, and a quick ratio of 1.60. The fifty day moving average price for VZIO is $7.18 and a two-hundred day moving average price translates $8.77 for the stock.
The latest earnings results from VIZIO Holding Corp. (NYSE: VZIO) was released for Mar, 2023. According to the Consumer Electronics Company, earnings per share came in at $0, beating analysts’ expectations of -$0.02 by 0.02. This compares to -$0.06 EPS in the same period last year. The net profit margin was 0.60% and return on equity was 2.70% for VZIO. The company reported revenue of $356.7 million for the quarter, compared to $485.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.53 percent. For the current quarter, analysts expect VZIO to generate $380.05M 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, including Amazon Alexa, Apple HomeKit, and Google Voice Assistant, 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.
