VIZIO Holding Corp. (NYSE:VZIO) CFO Sells $349,014.79 in Stock

VIZIO Holding Corp. (NYSE:VZIO) CFO Adam R. Townsend sold 32,833 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $10.63, for a total value of $349,014.79. Following the completion of the transaction, the chief financial officer now directly owns 704,903 shares in the company, valued at $7,493,118.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

VIZIO Stock Performance

VZIO stock opened at $10.72 on Thursday. The stock’s 50 day simple moving average is $10.66 and its 200 day simple moving average is $9.66. The company has a market cap of $2.12 billion, a P/E ratio of 119.12, a price-to-earnings-growth ratio of 4.34 and a beta of 2.05. VIZIO Holding Corp. has a fifty-two week low of $4.82 and a fifty-two week high of $11.28.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VZIO. Piper Sandler reissued a “neutral” rating and issued a $11.50 price objective (down from $12.00) on shares of VIZIO in a research note on Wednesday, February 28th. Barrington Research raised VIZIO from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 29th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of VIZIO in a research note on Friday, June 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.77.

Institutional Trading of VIZIO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VZIO. Magnetar Financial LLC bought a new stake in VIZIO during the 1st quarter worth approximately $43,318,000. Vanguard Group Inc. increased its holdings in VIZIO by 13.6% during the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock worth $84,090,000 after purchasing an additional 918,300 shares in the last quarter. Gabelli Funds LLC bought a new position in shares of VIZIO in the first quarter valued at approximately $9,784,000. Kennedy Capital Management LLC grew its holdings in shares of VIZIO by 798.8% in the third quarter. Kennedy Capital Management LLC now owns 765,486 shares of the company’s stock valued at $4,141,000 after acquiring an additional 680,322 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. bought a new position in shares of VIZIO in the first quarter valued at approximately $6,760,000. 66.24% of the stock is owned by institutional investors.

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.