Insider Selling: VIZIO Holding Corp. (NYSE:VZIO) COO Sells 50,181 Shares of Stock

VIZIO Holding Corp. (NYSE:VZIO) COO Ben Bun Wong sold 50,181 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $10.63, for a total transaction of $533,424.03. Following the completion of the sale, the chief operating officer now owns 3,600,942 shares in the company, valued at $38,278,013.46. The transaction was disclosed in a filing with the SEC, which is available through this link.

Ben Bun Wong also recently made the following trade(s):

• On Wednesday, May 22nd, Ben Bun Wong sold 59,449 shares of VIZIO stock. The shares were sold at an average price of $10.53, for a total transaction of $625,997.97.

VIZIO Stock Down 0.5 %

Shares of VIZIO stock opened at $10.65 on Wednesday. VIZIO Holding Corp. has a twelve month low of $4.82 and a twelve month high of $11.28. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 118.35, a price-to-earnings-growth ratio of 4.35 and a beta of 2.05. The company’s 50 day moving average is $10.66 and its 200 day moving average is $9.65.

VIZIO (NYSE:VZIO) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). The business had revenue of $353.90 million during 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%. The company’s revenue was down .8% compared to the same quarter last year. Sell-side analysts expect that VIZIO Holding Corp. will post 0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VZIO. Piper Sandler reiterated a “neutral” rating and issued a $11.50 target price (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 28th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $11.50 target price (up previously from $10.00) on shares of VIZIO in a research note on Tuesday, February 27th. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a research note on Friday, June 21st. Finally, Barrington Research upgraded shares of VIZIO from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 29th. One research 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.com, the company has an average rating of “Hold” and an average price target of $10.77.

Hedge Funds Weigh In On VIZIO

Several institutional investors have recently bought and sold shares of VZIO. Byrne Asset Management LLC purchased a new position in VIZIO during the first quarter valued at $37,000. Future Financial Wealth Managment LLC purchased a new position in VIZIO during the first quarter valued at $44,000. AXQ Capital LP purchased a new position in VIZIO during the third quarter valued at $63,000. Meeder Asset Management Inc. purchased a new position in VIZIO during the first quarter valued at $101,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in VIZIO by 26.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,166 shares of the company’s stock valued at $109,000 after acquiring an additional 2,979 shares in the last quarter. 66.24% of the stock is owned by hedge funds and other institutional investors.

About VIZIO

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.