Shares of Viomi Technology Co Ltd – (NASDAQ:VIOT) have been given a consensus broker rating score of 1.75 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy rating.
Analysts have set a 12-month consensus target price of $11.45 for the company and are anticipating that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Viomi Technology an industry rank of 60 out of 255 based on the ratings given to its competitors.
Several research analysts have issued reports on the stock. ValuEngine lowered shares of Viomi Technology from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Needham & Company LLC assumed coverage on shares of Viomi Technology in a research note on Monday, October 22nd. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Morgan Stanley assumed coverage on shares of Viomi Technology in a research report on Monday, October 22nd. They set an “overweight” rating and a $12.90 target price on the stock.
Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Viomi Technology during the third quarter valued at about $675,000. CI Investments Inc. purchased a new position in Viomi Technology during the third quarter valued at $6,750,000. FIL Ltd bought a new position in shares of Viomi Technology during the third quarter valued at $4,950,000. Dean Capital Investments Management LLC bought a new stake in Viomi Technology in the 3rd quarter worth about $595,000. Finally, Pictet Asset Management Ltd. bought a new stake in Viomi Technology in the 3rd quarter worth about $9,000,000. Institutional investors own 14.34% of the company’s stock.
VIOT opened at $7.91 on Friday. Viomi Technology has a 1-year low of $7.24 and a 1-year high of $10.95.
Viomi Technology (NASDAQ:VIOT) last announced its quarterly earnings results on Monday, November 26th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($1.12). The company had revenue of $82.31 million during the quarter. On average, sell-side analysts predict that Viomi Technology will post 0.45 EPS for the current year.
Viomi Technology Company Profile
Viomi Technology Co, Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising smart water kettles, washing machines, water heaters, and others.
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