VIZIO Holding Corp. (NYSE:VZIO) CFO Adam R. Townsend Sells 97,110 Shares

VIZIO Holding Corp. (NYSE:VZIOGet Free Report) CFO Adam R. Townsend sold 97,110 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $10.53, for a total value of $1,022,568.30. Following the completion of the transaction, the chief financial officer now directly owns 482,562 shares in the company, valued at $5,081,377.86. The sale was disclosed in a filing with the SEC, which is available through this link.

VIZIO Stock Performance

Shares of VZIO stock traded up $0.04 on Friday, hitting $10.62. The company had a trading volume of 856,460 shares, compared to its average volume of 2,628,747. The stock’s 50-day moving average is $10.75 and its two-hundred day moving average is $8.97. VIZIO Holding Corp. has a twelve month low of $4.82 and a twelve month high of $11.28. The firm has a market cap of $2.10 billion, a P/E ratio of 117.62, a P/E/G ratio of 3.02 and a beta of 2.08.

VIZIO (NYSE:VZIOGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). VIZIO had a return on equity of 3.91% and a net margin of 1.00%. The business had revenue of $353.90 million for the quarter, compared to analyst estimates of $373.95 million. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts predict that VIZIO Holding Corp. will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VZIO. Magnetar Financial LLC bought a new position in shares of VIZIO in the first quarter valued at approximately $43,318,000. Vanguard Group Inc. lifted its holdings in shares of VIZIO by 13.6% in the first quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock valued at $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 lifted 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 purchasing 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. Institutional investors own 66.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VZIO shares. Wells Fargo & Company reiterated an “equal weight” rating and set a $11.50 target price (up from $10.00) on shares of VIZIO in a research report on Tuesday, February 27th. Barrington Research downgraded VIZIO from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 20th. Roth Mkm reiterated a “neutral” rating and set a $11.50 target price (down from $12.00) on shares of VIZIO in a research report on Wednesday, February 21st. Craig Hallum reiterated a “hold” rating on shares of VIZIO in a research report on Wednesday, February 21st. Finally, TheStreet upgraded VIZIO from a “d+” rating to a “c-” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.77.

View Our Latest Report on VZIO

About VIZIO

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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.

Further Reading

Insider Buying and Selling by Quarter for VIZIO (NYSE:VZIO)

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