Roth Capital Initiates Coverage on VIZIO (NYSE:VZIO)


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Equities researchers at Roth Capital assumed coverage on shares of VIZIO (NYSE:VZIO) in a note issued to investors on Monday, Analyst Price Targets reports. The firm set a “buy” rating and a $29.00 price target on the stock. Roth Capital’s target price points to a potential upside of 25.70% from the stock’s previous close.

Several other brokerages also recently commented on VZIO. JPMorgan Chase & Co. started coverage on shares of VIZIO in a report on Monday. They set an “overweight” rating and a $30.00 price target on the stock. Piper Sandler initiated coverage on shares of VIZIO in a report on Monday. They set an “overweight” rating and a $29.00 price target on the stock. Needham & Company LLC initiated coverage on shares of VIZIO in a research note on Monday. They issued a “buy” rating and a $30.00 target price on the stock. Bank of America initiated coverage on shares of VIZIO in a research note on Monday. They issued a “buy” rating and a $33.00 target price on the stock. Finally, Guggenheim initiated coverage on shares of VIZIO in a research note on Monday. They issued a “buy” rating and a $28.00 target price on the stock. Seven investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $30.00.

Shares of NYSE:VZIO opened at $23.07 on Monday. VIZIO has a 12 month low of $17.25 and a 12 month high of $25.90.

In other news, COO Ben Bun Wong sold 152,839 shares of the company’s stock in a transaction that occurred on Monday, March 29th. The shares were sold at an average price of $19.58, for a total value of $2,992,587.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO William T. Baxter sold 28,984 shares of the company’s stock in a transaction that occurred on Wednesday, March 31st. The stock was sold at an average price of $19.58, for a total transaction of $567,506.72. The disclosure for this sale can be found here. Insiders sold a total of 1,811,576 shares of company stock valued at $36,296,438 in the last ninety days.

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 a fully integrated home entertainment solution, and data intelligence and services products through Inscape.

See Also: Sell-Side Analysts

Analyst Recommendations for VIZIO (NYSE:VZIO)

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