Needham & Company LLC Reiterates “Hold” Rating for VIZIO (NYSE:VZIO)

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

A number of other brokerages have also recently commented on VZIO. B. Riley cut shares of VIZIO from a buy rating to a neutral rating and set a $11.50 price target on the stock. in a research report on Tuesday, February 20th. 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. Barrington Research lowered shares of VIZIO from an outperform rating to a market perform rating in a research note on Tuesday, February 20th. Roth Capital cut VIZIO from a buy rating to a neutral rating in a research report on Wednesday, February 21st. Finally, Piper Sandler reiterated a neutral rating and issued a $11.50 price objective (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $10.77.

VIZIO Stock Up 0.4 %

VIZIO stock opened at $10.78 on Tuesday. The company’s 50-day moving average price is $10.75 and its two-hundred day moving average price is $8.06. The stock has a market cap of $2.13 billion, a P/E ratio of 71.87, a P/E/G ratio of 2.11 and a beta of 2.12. VIZIO has a twelve month low of $4.82 and a twelve month high of $11.28.

VIZIO (NYSE:VZIO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $502.60 million for the quarter, compared to analyst estimates of $498.83 million. VIZIO had a return on equity of 6.84% and a net margin of 1.68%. The company’s revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.03 EPS. Equities analysts anticipate 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 firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 2,536,542 shares in the company, valued at approximately $25,137,131.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 45.06% of the company’s stock.

Institutional Investors Weigh In On VIZIO

Several hedge funds have recently modified their holdings of the business. Future Financial Wealth Managment LLC acquired a new position in shares of VIZIO in the first quarter valued at about $44,000. Point72 Middle East FZE purchased a new stake in shares of VIZIO during the 4th quarter worth about $46,000. UBS Group AG grew its holdings 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 period. Tower Research Capital LLC TRC lifted its holdings in 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 purchasing an additional 6,240 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of VIZIO during the 2nd quarter worth about $66,000. Hedge funds and other 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.