Fintel reports that on August 9, 2023, JP Morgan maintained coverage of VIZIO Holding Corp - (NYSE:VZIO) with a Overweight recommendation.
Analyst Price Forecast Suggests 83.10% Upside
As of August 2, 2023, the average one-year price target for VIZIO Holding Corp - is 13.33. The forecasts range from a low of 10.10 to a high of $17.85. The average price target represents an increase of 83.10% from its latest reported closing price of 7.28.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for VIZIO Holding Corp - is 1,943MM, an increase of 12.98%. The projected annual non-GAAP EPS is 0.16.
What is the Fund Sentiment?
There are 227 funds or institutions reporting positions in VIZIO Holding Corp -. This is a decrease of 3 owner(s) or 1.30% in the last quarter. Average portfolio weight of all funds dedicated to VZIO is 0.05%, an increase of 20.82%. Total shares owned by institutions increased in the last three months by 10.21% to 52,937K shares. 
The put/call ratio of VZIO is 0.26, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 8,055K shares representing 4.12% ownership of the company. In it's prior filing, the firm reported owning 7,905K shares, representing an increase of 1.86%. The firm increased its portfolio allocation in VZIO by 24.75% over the last quarter.
HFMCX - THE HARTFORD MIDCAP FUND holds 4,928K shares representing 2.52% ownership of the company. In it's prior filing, the firm reported owning 4,799K shares, representing an increase of 2.63%. The firm increased its portfolio allocation in VZIO by 13.17% over the last quarter.
Brown Advisory holds 3,793K shares representing 1.94% ownership of the company. In it's prior filing, the firm reported owning 3,671K shares, representing an increase of 3.23%. The firm decreased its portfolio allocation in VZIO by 44.04% over the last quarter.
Manufacturers Life Insurance Company, The holds 2,288K shares representing 1.17% ownership of the company. In it's prior filing, the firm reported owning 2,126K shares, representing an increase of 7.09%. The firm increased its portfolio allocation in VZIO by 19.44% over the last quarter.
JCCIX - John Hancock Small Cap Core Fund Class I holds 2,181K shares representing 1.12% ownership of the company. In it's prior filing, the firm reported owning 2,102K shares, representing an increase of 3.61%. The firm increased its portfolio allocation in VZIO by 8.86% over the last quarter.
VIZIO Holdings Background Information
(This description is provided by the company.)
Vizio Holding Corp. operates as a holding company. The Company, through its subsidiaries, designs and manufactures consumer electronics such as smart TVs, sound bars, and smartcast operating systems. Vizio Holding serves customers worldwide.
Additional reading:
- VIZIO HOLDING CORP. Reports Q2 2023 Financial Results Platform+ net revenue increased 28% year-over-year (YoY) to $142.3 million Platform+ gross profit increased 23% YoY to $85.8 million SmartCast Average Revenue Per User increased 18% YoY to $30.55
- VIZIO HOLDING CORP. 2017 INCENTIVE AWARD PLAN RESTRICTED STOCK UNIT AWARD GRANT NOTICE
- Execution Version 1 172241316_2 THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT This THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is dated as of April 25, 2023, and is entered into by and between VIZIO, INC., a California corporat
- VIZIO HOLDING CORP. Reports Q1 2023 Financial Results Platform+ net revenue increased 22% year-over-year (YoY) to $125.5 million Platform+ gross profit increased 14% YoY to $73.8 million SmartCast Average Revenue Per User increased 23% YoY to $29.20
- Subsidiaries of VIZIO Holding Corp.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
