VIZIO (NYSE:VZIO) Given “Hold” Rating at Needham & Company LLC

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

A number of other research analysts have also issued reports on VZIO. Craig Hallum restated a hold rating on shares of VIZIO in a research note on Wednesday, February 21st. TheStreet upgraded VIZIO from a d+ rating to a c- rating in a research report on Tuesday, February 20th. Roth Mkm restated a neutral rating and issued a $11.50 target price (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 21st. JPMorgan Chase & Co. restated a neutral rating and issued a $11.50 price objective (up from $10.00) on shares of VIZIO in a report on Wednesday, February 21st. Finally, Piper Sandler restated a neutral rating and set a $11.50 target price (down from $12.00) on shares of VIZIO in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $10.77.

VIZIO Stock Performance

NYSE VZIO opened at $10.78 on Tuesday. The stock has a 50-day moving average of $10.75 and a 200 day moving average of $8.06. VIZIO has a one year low of $4.82 and a one year high of $11.28. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 71.87, a PEG ratio of 2.11 and a beta of 2.12.

VIZIO (NYSE:VZIO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.07 EPS for the quarter, beating 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 business 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 earnings per share. The business’s revenue was down 5.8% on a year-over-year basis. On average, equities analysts predict that VIZIO will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling at VIZIO

In other VIZIO news, Director David Eugene Russell sold 300,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $9.91, for a total value of $2,973,000.00. Following the sale, 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 45.06% of the company’s stock.

Hedge Funds Weigh In On VIZIO

Hedge funds and other institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new position in shares of VIZIO in the 1st quarter valued at about $44,000. Point72 Middle East FZE bought a new position in shares of VIZIO in the fourth quarter worth about $46,000. Tower Research Capital LLC TRC grew its stake 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 worth $53,000 after buying an additional 6,240 shares during the last quarter. UBS Group AG raised its position in VIZIO by 88.9% in the third quarter. UBS Group AG now owns 6,378 shares of the company’s stock valued at $56,000 after purchasing an additional 3,002 shares during the last quarter. Finally, AXQ Capital LP acquired a new stake in VIZIO in the third quarter valued at $63,000. 66.24% of the stock is owned by institutional investors.

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.