VIZIO (NYSE:VZIO) Stock Rating Reaffirmed by Needham & Company LLC

VIZIO (NYSE:VZIO)‘s stock had its “hold” rating reissued by analysts at Needham & Company LLC in a note issued to investors on Tuesday, Benzinga reports.

Other equities research analysts have also recently issued reports about the company. TheStreet raised VIZIO from a “d+” rating to a “c-” rating in a research note on Tuesday, February 20th. Barrington Research cut VIZIO from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 20th. Piper Sandler reaffirmed a “neutral” rating and set a $11.50 price objective (down from $12.00) on shares of VIZIO in a research note on Wednesday, February 28th. B. Riley cut VIZIO from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.50 price objective (up from $10.00) on shares of VIZIO in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat.com, VIZIO currently has a consensus rating of “Hold” and an average price target of $10.77.

VIZIO Stock Performance

Shares of VZIO opened at $10.75 on Tuesday. The stock has a fifty day moving average price of $10.62 and a two-hundred day moving average price of $8.00. VIZIO has a 52-week low of $4.82 and a 52-week high of $11.28. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 71.67, a PEG ratio of 2.09 and a beta of 2.12.

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

Insider Buying and Selling

In related news, Director David Eugene Russell sold 300,000 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $9.91, for a total transaction of $2,973,000.00. Following the sale, the director now owns 2,536,542 shares in the company, valued at $25,137,131.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 45.06% of the stock is currently owned by corporate insiders.

Institutional Trading of VIZIO

Institutional investors and hedge funds have recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new stake in VIZIO in the first quarter valued at approximately $44,000. Point72 Middle East FZE acquired a new position in shares of VIZIO in the fourth quarter valued at approximately $46,000. UBS Group AG grew its position in shares of 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. Tower Research Capital LLC TRC grew its position in shares of VIZIO by 381.2% in the second quarter. Tower Research Capital LLC TRC now owns 7,877 shares of the company’s stock valued at $53,000 after purchasing an additional 6,240 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of VIZIO in the second quarter valued at approximately $66,000. Institutional investors own 66.24% of the company’s stock.

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.