In yesterday’s Wall Street session, VIZIO Holding Corp. (NYSE:VZIO) shares traded at $7.07, up 5.05% from the previous session.
12 analysts cover VIZIO Holding Corp. (NYSE:VZIO), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $9.00, we find $12.88. Given the previous closing price of $6.73, this indicates a potential upside of 91.38 percent. VZIO stock price is now 1.34% away from the 50-day moving average and -18.30% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32B.
The stock has received a hold rating from 2 analysts and a buy rating from 10. Brokers who have rated the stock have averaged $12.65 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).
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 $3.0 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 $3.33 million. Insiders disposed of 2,240,871 shares of company stock worth roughly $15.84 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 $1,435,000. CANNELL CAPITAL LLC invested $917,000 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 $526,000. ALPHA PARADIGM PARTNERS, LLC acquired a new stake in VZIO for approximately $516,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP purchased a new stake in VZIO valued at around $248,000 in the second quarter. In total, there are 141 active investors with 29.40% ownership of the company’s stock.
On Friday morning VIZIO Holding Corp. (NYSE: VZIO) stock kicked off with the opening price of $6.93. 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 $6.97 and a two-hundred day moving average price translates $8.64 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 $378.61M in revenue.
