VIZIO (NYSE:VZIO) Receives “Hold” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of VIZIO (NYSE:VZIO) in a research report sent to investors on Tuesday, Benzinga reports.

Several other analysts also recently weighed in on VZIO. Craig Hallum reiterated a hold rating on shares of VIZIO in a research note on Wednesday, February 21st. Wells Fargo & Company reiterated an equal weight rating and set a $11.50 price target (up previously from $10.00) on shares of VIZIO in a research note on Tuesday, February 27th. Piper Sandler reiterated a neutral rating and set a $11.50 price target (down previously from $12.00) on shares of VIZIO in a research note on Wednesday, February 28th. TheStreet upgraded VIZIO from a d+ rating to a c- rating in a research note on Tuesday, February 20th. Finally, Roth Mkm reiterated a neutral rating and set a $11.50 price target (down previously from $12.00) on shares of VIZIO in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $10.77.

VIZIO Price Performance

Shares of VZIO stock opened at $10.71 on Tuesday. VIZIO has a 1-year low of $4.82 and a 1-year high of $11.28. The stock’s fifty day moving average price is $10.55 and its 200 day moving average price is $7.98. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 71.40, a price-to-earnings-growth ratio of 2.10 and a beta of 2.13.

VIZIO (NYSE:VZIO) last announced its earnings results on Tuesday, February 27th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. VIZIO had a return on equity of 6.84% and a net margin of 1.68%. The firm had revenue of $502.60 million for the quarter, compared to the consensus estimate of $498.83 million. During the same period in the previous year, the business earned $0.03 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities research analysts anticipate that VIZIO will post 0.2 earnings per share for the current year.

Insider Activity

In other news, Director David Eugene Russell sold 300,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $9.91, for a total value of $2,973,000.00. Following the completion of the transaction, the director now owns 2,536,542 shares of the company’s stock, valued at approximately $25,137,131.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 45.06% of the company’s stock.

Hedge Funds Weigh In On VIZIO

Large investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC acquired a new position in VIZIO in the 1st quarter worth about $44,000. Point72 Middle East FZE acquired a new position in VIZIO in the 4th quarter worth about $46,000. UBS Group AG raised its holdings in VIZIO by 88.9% in the 3rd quarter. UBS Group AG now owns 6,378 shares of the company’s stock worth $56,000 after purchasing an additional 3,002 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of VIZIO by 381.2% during the second quarter. Tower Research Capital LLC TRC now owns 7,877 shares of the company’s stock valued at $53,000 after acquiring an additional 6,240 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of VIZIO during the second quarter valued at approximately $66,000. Institutional investors and hedge funds own 66.24% of the company’s stock.

About VIZIO

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 entertainment solution, and data intelligence and services products through Inscape.