An Analysis of VIZIO Holding Corp. (VZIO)’s Potential Price Growth


In a filing, VIZIO Holding Corp. revealed its Chief Financial Officer Townsend Adam R. unloaded Company’s shares for reported $0.22 million on Nov 15. In the deal valued at $11.02 per share,19,933 shares were sold. As a result of this transaction, Townsend Adam R. now holds 491,486 shares worth roughly $ 5.04 million.

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Then, Townsend Adam R. sold 67 shares, generating $744 in total proceeds. Upon selling the shares at $11.10, the Chief Financial Officer now owns 510,419 shares.

Before that, AmTRAN Technology Co. Ltd. sold 82,236 shares. VIZIO Holding Corp. shares valued at $897,420 were divested by the 10% Owner at a price of $10.91 per share. As a result of the transaction, AmTRAN Technology Co. Ltd. now holds 10,896,576 shares, worth roughly $111.69 million.

Morgan Stanley initiated its VIZIO Holding Corp. [VZIO] rating to an Equal-weight in a research note published on Tuesday, December 01, 2022; the price target was $13. PT values the company’s stock at a premium of 21.15 to its Tuesday closing price. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early March has reiterated a ‘”a Buy”‘ rating for it. Craig Hallum began covering VZIO with “Buy” recommendation on December 08, 2021. Barrington Research started covering the stock on November 17, 2021. It rated VZIO as “an Outperform”.

Price Performance Review of VZIO

On Tuesday, VIZIO Holding Corp. [NYSE:VZIO] saw its stock jump 6.66% to $10.25. On the same session, the stock had its day’s lowest price of $9.51, but rose to a high of $10.56. Over the last five days, the stock has gained 6.11%. VIZIO Holding Corp. shares have risen nearly 38.33% since the year began. Nevertheless, the stocks have fallen -25.83% over the past one year. While a 52-week high of $14.11 was reached on 02/28/23, a 52-week low of $6.47 was recorded on 01/04/23. SMA at 50 days reached $8.62, while 200 days put it at $9.44. A total of 1.11 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For VZIO Stock

The 24-hour chart illustrates a support level at 9.65, which if violated will result in even more drops to 9.06. On the upside, there is a resistance level at 10.70. A further resistance level may holdings at 11.16. The Relative Strength Index (RSI) on the 14-day chart is 65.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.18%. Stochastics %K at 60.28% indicates the stock is a holding.

How much short interest is there in VIZIO Holding Corp.?

A steep rise in short interest was recorded in VIZIO Holding Corp. stocks on Jan 30, 2023, dropping by -0.29 million shares to a total of 3.25 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 3.54 million shares. There was a decline of -8.92%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.19% of the overall stock float, the days-to-cover ratio (short ratio) fell to 10.63.

VIZIO Holding Corp. [VZIO] – Who Are The Largest Shareholders?

In filings from Wellington Management Co. LLP, it is revealed that the company now owns 7,905,145 shares, or roughly 6.72% of the outstanding VZIO shares. In other words, the investor’s shares have risen by 216,950 from its previous 13-F filing of 7688195.0. Additionally, The Vanguard Group, Inc. increased 1.95% of its stake after which the total value it holdings stand at $38,386,215, while Brown Advisory LLC added 25.71% of its stake to hold $32.16 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 339,393 shares of VIZIO Holding Corp., while Manulife Investment Management bought 125,486 shares. At present, Disciplined Growth Investors, Inc is holding 1,924,032 shares valued at $16.85 million. American Century Investment Manag owned 1,911,886 shares of the company at the time of its most recent 13F filing, worth $16.75 million.

According to FactSet, VIZIO Holding Corp.’s share price will average $13.54 in the next year, based on opinions of analysts polled by the firm. This is up nearly 35.28 percent from its previous closing price of $9.61. Analysts expect VIZIO Holding Corp. stock to reach the higher price of $21.00, while the lowest price estimate is $9.00. However, 12 analysts have rated VZIO stock as a Buy in their predictions for 2023. The most recent change occurred on September 14, 2021 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $27 price target.


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