Viomi Technology Co Ltd – (NASDAQ:VIOT) Given $11.45 Average Target Price by Analysts

Shares of Viomi Technology Co Ltd – (NASDAQ:VIOT) have been assigned an average 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 recommendation.

Brokers have set a 1-year consensus target price of $11.45 for the company and are anticipating that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also given Viomi Technology an industry rank of 111 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded Zai Lab from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FIL Ltd lifted its position in shares of Viomi Technology by 38.4% during the 1st quarter. FIL Ltd now owns 1,091,703 shares of the company’s stock worth $12,085,000 after buying an additional 302,646 shares in the last quarter. Prospera Financial Services Inc bought a new position in shares of Viomi Technology during the 1st quarter worth approximately $152,000. SG Americas Securities LLC bought a new position in shares of Viomi Technology during the 1st quarter worth approximately $647,000. Norges Bank bought a new position in shares of Viomi Technology during the 4th quarter worth approximately $1,365,000. Finally, CI Investments Inc. lifted its position in shares of Viomi Technology by 0.5% during the 4th quarter. CI Investments Inc. now owns 753,900 shares of the company’s stock worth $5,880,000 after buying an additional 3,900 shares in the last quarter. 12.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of Viomi Technology stock opened at $8.99 on Monday. The stock’s 50-day simple moving average is $8.61. Viomi Technology has a 1-year low of $7.24 and a 1-year high of $15.84.

Viomi Technology (NASDAQ:VIOT) last issued its earnings results on Thursday, May 23rd. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). The firm had revenue of $676.20 million during the quarter, compared to the consensus estimate of $682.00 million. Viomi Technology’s quarterly revenue was up 104.4% compared to the same quarter last year. Sell-side analysts predict that Viomi Technology will post 0.84 earnings per share 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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