Shares of VIZIO Holding Corp. (NYSE:VZIO) have been assigned an average rating of “Buy” from the eleven research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $29.56.
Several research analysts have commented on VZIO shares. Stephens started coverage on VIZIO in a report on Monday, September 13th. They set an “overweight” rating and a $27.00 target price on the stock. Zacks Investment Research downgraded VIZIO from a “hold” rating to a “sell” rating in a research note on Friday, October 8th. Cannonball Research started coverage on VIZIO in a research note on Monday, September 20th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley started coverage on VIZIO in a research note on Tuesday, September 14th. They issued an “overweight” rating and a $27.00 price objective on the stock.
In other VIZIO news, major shareholder V-Tw Holdings, Llc sold 1,743 shares of the business’s stock in a transaction that occurred on Tuesday, August 17th. The stock was sold at an average price of $20.10, for a total transaction of $35,034.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO William T. Baxter sold 11,486 shares of the business’s stock in a transaction that occurred on Thursday, October 7th. The stock was sold at an average price of $21.34, for a total value of $245,111.24. The disclosure for this sale can be found here. Insiders have sold a total of 824,987 shares of company stock valued at $17,094,860 over the last three months.
Shares of NYSE VZIO traded down $0.16 during mid-day trading on Monday, hitting $19.75. 554,051 shares of the stock traded hands, compared to its average volume of 904,401. VIZIO has a twelve month low of $17.25 and a twelve month high of $28.80. The firm has a 50 day simple moving average of $20.03 and a two-hundred day simple moving average of $22.54.
VIZIO (NYSE:VZIO) last announced its earnings results on Wednesday, August 4th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.02). The business had revenue of $401.16 million during the quarter, compared to analysts’ expectations of $390.02 million. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. On average, research analysts anticipate that VIZIO will post -0.25 earnings per share for the current fiscal year.
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 home entertainment solution, and data intelligence and services products through Inscape.
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