Viomi Technology Co Ltd – (VIOT) Given $11.45 Consensus Target Price by Brokerages

Shares of Viomi Technology Co Ltd – (NASDAQ:VIOT) have received an average broker rating score of 1.75 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy recommendation.

Analysts have set a 12 month consensus price objective of $11.45 for the company and are expecting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also given Viomi Technology an industry rank of 81 out of 255 based on the ratings given to related companies.

VIOT has been the topic of a number of analyst reports. Needham & Company LLC initiated coverage on shares of Viomi Technology in a research note on Monday, October 22nd. They set a “buy” rating and a $10.00 price objective on the stock. Morgan Stanley initiated coverage on shares of Viomi Technology in a research note on Monday, October 22nd. They set an “overweight” rating and a $12.90 price objective on the stock. Finally, ValuEngine upgraded shares of Viomi Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th.

Shares of VIOT traded up $0.25 during mid-day trading on Friday, reaching $8.47. 37,600 shares of the stock traded hands, compared to its average volume of 30,212. Viomi Technology has a 12-month low of $7.24 and a 12-month high of $10.95.

Viomi Technology (NASDAQ:VIOT) last posted its quarterly earnings data on Monday, November 26th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($1.12). The firm had revenue of $82.31 million for the quarter. Equities research analysts predict that Viomi Technology will post 0.45 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Point72 Asset Management L.P. bought a new stake in shares of Viomi Technology in the third quarter worth $113,000. Citadel Advisors LLC bought a new stake in shares of Viomi Technology in the third quarter worth $184,000. Point72 Hong Kong Ltd bought a new stake in shares of Viomi Technology in the third quarter worth $260,000. Dean Capital Investments Management LLC bought a new stake in shares of Viomi Technology in the third quarter worth $595,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Viomi Technology in the third quarter worth $675,000. Institutional investors and hedge funds own 14.34% of the company’s stock.

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.

Further Reading: Fundamental Analysis and Individual Investors

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