FY2024 EPS Estimates for VIZIO Lifted by Barrington Research

VIZIO Holding Corp. (NYSE:VZIO - Free Report) - Analysts at Barrington Research upped their FY2024 EPS estimates for shares of VIZIO in a report released on Thursday, November 7th. Barrington Research analyst J. Goss now expects that the company will earn ($0.04) per share for the year, up from their previous estimate of ($0.07). Barrington Research currently has a "Hold" rating on the stock. The consensus estimate for VIZIO's current full-year earnings is ($0.08) per share. Barrington Research also issued estimates for VIZIO's Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.04 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.08 EPS, FY2025 earnings at $0.23 EPS and FY2026 earnings at $0.34 EPS.

Separately, Needham & Company LLC reiterated a "hold" rating on shares of VIZIO in a report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, VIZIO has an average rating of "Hold" and a consensus target price of $11.08.

VIZIO Stock Down 0.6 %

NYSE:VZIO traded down $0.07 during mid-day trading on Monday, hitting $11.23. 6,942,898 shares of the stock traded hands, compared to its average volume of 2,421,471. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 1,130.00 and a beta of 2.03. VIZIO has a 52 week low of $6.29 and a 52 week high of $11.37. The firm's 50 day moving average is $11.22 and its two-hundred day moving average is $10.96.

Insiders Place Their Bets

In other news, insider Michael Joseph O'donnell sold 2,555 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $11.13, for a total transaction of $28,437.15. Following the transaction, the insider now directly owns 602,364 shares in the company, valued at approximately $6,704,311.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 44.68% of the company's stock.

Institutional Investors Weigh In On VIZIO

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in VIZIO during the second quarter valued at $27,000. Quest Partners LLC acquired a new stake in shares of VIZIO in the second quarter valued at about $40,000. Future Financial Wealth Managment LLC acquired a new stake in shares of VIZIO in the third quarter valued at about $45,000. Meeder Asset Management Inc. acquired a new stake in shares of VIZIO in the first quarter valued at about $101,000. Finally, Principal Financial Group Inc. grew its position in shares of VIZIO by 19.1% in the second quarter. Principal Financial Group Inc. now owns 12,004 shares of the company's stock valued at $130,000 after purchasing an additional 1,926 shares during the period. Hedge funds and other institutional investors own 66.24% of the company's stock.

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.