The price objective investment analysts at Needham & Company LLC have set for VIZIO (NYSE: VZ) has been lowered from $16.00 to $11.00, as stated in a research note distributed to investors on Friday. According to the price objective that was suggested by Needham & Company LLC, there is the potential for the stock’s price to increase by 38.36% from where it is currently trading.
A significant number of additional reports have been written about VIZIO. In a research report released on Thursday, October 13, Craig Hallum announced a reduction in their price target for VIZIO shares, bringing it down to $14.00. In addition, Stephens revealed their decision to reduce their target price for VIZIO to $21.00 in a research note published on November 16. Last but not least, on Thursday, December 1, Morgan Stanley initiated VIZIO’s coverage as a research paper. They gave the business an overall “equal weight” score and decided that the price goal should be set at $13.00.
On Friday, VZIO stock was listed for sale for $7.95 when it was first offered to the public. During the most recent 52 weeks, VIZIO’s highest and lowest prices were $19.85. The company has a price-to-earnings ratio of -88.32, and its beta value is 1.59. This results in a market capitalization of $1.55 billion for the company. According to the 200-day simple moving average, the price of the stock is currently $9.78, and according to the 50-day simple moving average, the price is currently $10.03.
The quarterly earnings report for VIZIO (NYSE: VZIO) that was most recently made public was the one for the three months ending in November. The company’s earnings for the quarter came in at $0.01 per share, the same amount the analysts had forecast they would make. These predictions were based on the company’s historical performance. Both the return on equity for VIZIO, which came in at a negative 4.95%, and the net margin for the company, which came in at a negative 0.86%, were in the red. The consensus among industry analysts placed revenue projections for the current quarter anywhere between $436.65 million and $435 million, with some analysts placing them even higher.
Articles in the same vein: On September 26, Amtran, a significant shareholder in Technology Co. Ltd., sold 9,420 of the company’s shares of stock. The average price for each share was $10.03, and the total amount paid for the shares was $94,482.60. Following the conclusion of the transaction, the corporate insider is now in possession of 11,226,698 shares, which have a total value of approximately 112,603,780.94 dollars. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. In addition, business insiders have sold 199,487 shares with a combined value of $2,098,826 over the most recent three months. A total of 43% of the company’s shares are held by those working within the company.
As a result of recent happenings, several large investors have altered the proportion of the company’s stock they currently hold in their portfolios. During the third quarter, PDT Partners LLC acquired an additional 6.3% of the total number of shares of VIZIO common stock that it already owned. Following the purchase of 1,861 additional shares during the most recent quarter, PDT Partners LLC now owns 31,508 shares, valued at $275,000. This brings the total number of shares directly held by the company to 315,008. Financial Management Professionals Inc. increased the amount of VIZIO stock owned by 41.0% during the third quarter. Financial Management Professionals Inc. now has 6,593 shares of the company’s stock, which are currently valued at $58,000. This is because the company made an additional purchase of 1,917 shares during the preceding quarter. Finally, UBS Group AG successfully acquired an additional 88.9% of the outstanding shares of VIZIO during the third quarter. After purchasing an additional 3,002 shares during the most recent fiscal quarter, UBS Group AG now has a total of 6,378 shares in the company, which are currently valued at $56,000. This brings the total number of shares owned by the company up to 6,378. Charles Schwab Investment Management Inc. increased the amount of VIZIO stock owned by 2.5% during the first three months of 2018. Charles Schwab Investment Management Inc. now has 184,140 shares of the company’s stock following the purchase of an additional 4,468 shares during the most recent period. The company’s stock is currently valued at a total of $1,638,000 due to the company’s combined total of 184,140 shares. And finally, compared to the previous quarter, the third quarter saw Victory Capital Management Inc. increase the percentage of VIZIO shares it held by 7.4%. Victory Capital Management Inc. purchased 6,175 shares in the most recent fiscal quarter. As a result, the company now has a total of 89,699 shares, valued at $784,000. In their investment portfolios, institutions hold a total of 17.69% of the company’s shares.
Because it owns several subsidiary companies, VIZIO Holding Corp. can provide