Insider Selling: VIZIO Holding Corp. (NYSE:VZIO) Insider Sells $461,310.11 in Stock

VIZIO Holding Corp. (NYSE:VZIO) insider Michael Joseph O’donnell sold 43,397 shares of VIZIO stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $10.63, for a total value of $461,310.11. Following the completion of the sale, the insider now directly owns 604,919 shares in the company, valued at approximately $6,430,288.97. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Michael Joseph O’donnell also recently made the following trade(s):

• On Wednesday, May 22nd, Michael Joseph O’donnell sold 13,772 shares of VIZIO stock. The stock was sold at an average price of $10.54, for a total value of $145,156.88.

VIZIO Price Performance

Shares of NYSE:VZIO opened at $10.70 on Friday. The business’s 50-day moving average is $10.66 and its 200 day moving average is $9.67. VIZIO Holding Corp. has a 1 year low of $4.82 and a 1 year high of $11.28. The firm has a market capitalization of $2.12 billion, a P/E ratio of 118.90, a P/E/G ratio of 4.36 and a beta of 2.05.

VIZIO (NYSE:VZIO) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The firm had revenue of $353.90 million during the quarter, compared to analyst estimates of $373.95 million. VIZIO had a net margin of 1.00% and a return on equity of 3.91%. VIZIO’s revenue was down .8% compared to the same quarter last year. On average, analysts expect that VIZIO Holding Corp. will post 0.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VZIO. Barrington Research raised VIZIO from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 29th. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a research report on Friday, June 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.77.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VZIO. Byrne Asset Management LLC acquired a new position in shares of VIZIO in the first quarter valued at about $37,000. Future Financial Wealth Managment LLC acquired a new stake in VIZIO during the first quarter worth about $44,000. AXQ Capital LP acquired a new stake in VIZIO during the third quarter worth about $63,000. Meeder Asset Management Inc. acquired a new stake in VIZIO during the first quarter worth about $101,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in VIZIO by 26.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,166 shares of the company’s stock worth $109,000 after acquiring an additional 2,979 shares during the period. 66.24% of the stock is owned by institutional investors and hedge funds.

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