VIZIO Holding Corp. (NYSE:VZIO – Get Free Report) COO Ben Bun Wong sold 59,449 shares of VIZIO stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $10.53, for a total value of $625,997.97. Following the sale, the chief operating officer now owns 3,261,702 shares in the company, valued at $34,345,722.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
VIZIO Stock Up 0.4 %
VZIO stock opened at $10.62 on Friday. VIZIO Holding Corp. has a twelve month low of $4.82 and a twelve month high of $11.28. The firm has a market capitalization of $2.10 billion, a PE ratio of 118.01, a PEG ratio of 3.02 and a beta of 2.08. The stock has a 50-day simple moving average of $10.74 and a two-hundred day simple moving average of $9.03.
VIZIO (NYSE:VZIO – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company had revenue of $353.90 million during the quarter, compared to analysts’ expectations of $373.95 million. VIZIO had a return on equity of 3.91% and a net margin of 1.00%. The company’s revenue was down .8% compared to the same quarter last year. On average, equities research analysts anticipate that VIZIO Holding Corp. will post 0.14 EPS for the current fiscal year.
Institutional Trading of VIZIO
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on VZIO shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.50 target price (up from $10.00) on shares of VIZIO in a research note on Wednesday, February 21st. Roth Capital cut shares of VIZIO from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 21st. Piper Sandler restated 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. Roth Mkm reiterated a “neutral” rating and issued a $11.50 price objective (down previously from $12.00) on shares of VIZIO in a research note on Wednesday, February 21st. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $11.50 target price (up from $10.00) on shares of VIZIO in a research report on Tuesday, February 27th. One research 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, VIZIO has a consensus rating of “Hold” and a consensus price target of $10.77.
Get Our Latest Stock Analysis on VIZIO
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.
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