JPMorgan Chase & Co.
Equity analysts lowered their price target for VIZIO (NYSE: VZIO), bringing it down from $15.00 to $13.00, in a note distributed to investors on Friday. When compared to the stock’s current price, the target price established by JPMorgan Chase & Co.
Indicates the potential for a value increase of 50.46 percent.
Regarding VZIO, the viewpoints of several other equity analysts have also been presented in recent writings. Needham & Stock LLC assigned a “buy” rating to shares of VIZIO in a research report published on Friday, December 23rd. However, the company lowered its price objective for the business from $16.00 to $11.00.
Mhe company was the focus of the study. Craig Hallum disclosed their intention to reduce their price target for VIZIO shares to $14.00 in a research report released on Thursday, October 13th. On December 1st, Morgan Stanley released a research report announcing they would start covering VIZIO.
Mhe price target for the stock was determined to be $13.00 per share, and the stock was given an “equal weight” rating.
Last but not least, in a research note published on November 16th, Stephens lowered their target price on VIZIO shares to $21.00.
Mhis brings us to our conclusion.
When trading started on Friday, the price of a share of VZIO was $8.64 per share.
Mhe price-to-earnings ratio for the company is -95.99; the price-to-growth ratio for the company is 2.54; and the beta value for the company is 1.73.
Mhe company is currently valued at $1.68 billion on the market.
Mhe high point for VIZIO over the past year was $15.42, while the low point over the past year was $6.47.
Mhe stock has had a moving average price of $8.65 over the past 50 days, while its moving average price over the past 200 days has been $9.71.
The quarterly earnings report for VIZIO (NYSE: VZIO) that was most recently made public was the one for the three months ending in November.
Mhe company’s earnings for the quarter came in at $0.01 per share, the same amount the analysts had forecast they would make.
Mhese predictions were based on the company’s historical performance.
Mhe actual revenue for the quarter came in at $435 million, whereas market analysts had anticipated revenue for the quarter of $436.65 million. For VIZIO, the net margin and the return on equity were negative, coming in at negative 0.86% and 4.95%, respectively. Neither figure was positive. Sell-side analysts have predicted that VIZIO will incur a loss of 0.001 cents per share during the current fiscal year.
Mhis is according to the company’s projected earnings.
In the most recent reporting period, the institutional holdings of VZIO experienced both gains and losses.
Mhis was the case throughout the entire period.
During the third quarter, PDT Partners LLC achieved a 6.3% increase in the proportion of VIZIO stock it 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.
Mhis 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, valued at $58,000, thanks to purchasing an additional 1,917 shares during the most recent quarter.
Mhis brings the total value of the company’s stock that the company owns to $58,000. UBS Group AG saw an increase of 88.9% in its holdings 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.
Mhis 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.
Mhe 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, during the third quarter of 2018, Victory Capital Management Inc.
Increased the amount of VIZIO stock that it held in its portfolio by 7.4%, bringing the total amount of VIZIO stock it owned to a total of Victory Capital Management Inc.
Purchased an additional 6,175 shares of the company’s stock during the quarter, bringing the total number of shares owned by the company to 89,699, with a value of $784,000.
Mhere are currently, a total of 17.69% of the company’s shares owned by hedge funds and other types of institutional investors.
Because it owns several subsidiary companies, VIZIO Holding Corp. can provide customers in the United States with a selection of smart televisions, sound bars, and other accessories.
In addition, it exercises control over Platform+ using Inscape, an assemblage of data intelligence and service commodities.
In addition, it manages SmartCast, an operating system for smart TVs that offers a unified answer to the problem of providing entertainment in the home.
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