VIZIO Holding Corp. (NYSE:VZIO) Short Interest Up 38.4% in March

VIZIO Holding Corp. (NYSE:VZIOGet Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 18,380,000 shares, an increase of 38.4% from the March 15th total of 13,280,000 shares. Approximately 24.3% of the company’s shares are short sold. Based on an average daily volume of 2,790,000 shares, the days-to-cover ratio is presently 6.6 days.

Insider Transactions at VIZIO

In related news, Director David Eugene Russell sold 300,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $9.91, for a total value of $2,973,000.00. Following the sale, the director now directly owns 2,536,542 shares of the company’s stock, valued at approximately $25,137,131.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 45.06% of the company’s stock.

Institutional Trading of VIZIO

A number of institutional investors have recently bought and sold shares of VZIO. Private Advisor Group LLC lifted its holdings in shares of VIZIO by 22.9% during the 1st quarter. Private Advisor Group LLC now owns 51,734 shares of the company’s stock worth $460,000 after acquiring an additional 9,624 shares during the period. BlackRock Inc. lifted its holdings in shares of VIZIO by 1.9% during the 1st quarter. BlackRock Inc. now owns 467,715 shares of the company’s stock worth $4,157,000 after acquiring an additional 8,755 shares during the period. Vanguard Group Inc. increased its position in VIZIO by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 3,339,228 shares of the company’s stock worth $29,686,000 after purchasing an additional 89,989 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in VIZIO by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 184,140 shares of the company’s stock worth $1,638,000 after purchasing an additional 4,468 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in VIZIO during the 1st quarter worth approximately $677,000. Institutional investors own 66.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on VZIO. Craig Hallum reaffirmed a “hold” rating on shares of VIZIO in a research report on Wednesday, February 21st. Roth Capital lowered shares of VIZIO from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 21st. Barrington Research lowered shares of VIZIO from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 20th. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research note on Tuesday, February 20th. Finally, TheStreet upgraded shares of VIZIO from a “d+” rating to a “c-” rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat, VIZIO currently has an average rating of “Hold” and an average price target of $10.77.

Read Our Latest Research Report on VZIO

VIZIO Stock Performance

Shares of VZIO stock traded down $0.04 during midday trading on Monday, hitting $10.65. 119,512 shares of the company were exchanged, compared to its average volume of 2,687,477. The firm has a market capitalization of $2.11 billion, a P/E ratio of 71.27, a PEG ratio of 2.10 and a beta of 2.13. The firm’s 50 day moving average price is $10.40 and its two-hundred day moving average price is $7.91. VIZIO has a 52 week low of $4.82 and a 52 week high of $11.28.

VIZIO (NYSE:VZIOGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $502.60 million during the quarter, compared to the consensus estimate of $498.83 million. VIZIO had a net margin of 1.68% and a return on equity of 6.84%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 EPS. Analysts expect that VIZIO will post 0.2 EPS for the current year.

About VIZIO

(Get Free Report)

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.

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