VIZIO Holding Corp. (NYSE:VZIO) Receives Consensus Rating of “Hold” from Analysts

VIZIO Holding Corp. (NYSE:VZIO) has been given an average rating of “Hold” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $10.72.

VZIO has been the topic of a number of recent research reports. Needham & Company LLC restated a “hold” rating on shares of VIZIO in a research report on Friday, June 21st. Barrington Research upgraded VIZIO from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 29th.

VIZIO Stock Performance

Shares of NYSE VZIO opened at $11.25 on Friday. VIZIO has a 12-month low of $4.82 and a 12-month high of $11.30. The firm’s 50-day moving average price is $11.03 and its 200-day moving average price is $10.87. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 125.00 and a beta of 2.04.

Insiders Place Their Bets

In other news, insider Michael Joseph O’donnell sold 2,555 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $11.13, for a total value of $28,437.15. Following the transaction, the insider now directly owns 602,364 shares in the company, valued at $6,704,311.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO Ben Bun Wong sold 50,181 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $10.63, for a total value of $533,424.03. Following the completion of the sale, the chief operating officer now directly owns 3,600,942 shares of the company’s stock, valued at $38,278,013.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Joseph O’donnell sold 2,555 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $11.13, for a total transaction of $28,437.15. Following the transaction, the insider now owns 602,364 shares in the company, valued at $6,704,311.32. The disclosure for this sale can be found here. Insiders have sold a total of 240,080 shares of company stock worth $2,553,328 over the last quarter. Company insiders own 44.68% of the company’s stock.

Institutional Investors Weigh In On VIZIO

Hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in VIZIO in the second quarter worth approximately $27,000. Quest Partners LLC purchased a new stake in shares of VIZIO during the 2nd quarter worth $40,000. Future Financial Wealth Managment LLC bought a new stake in VIZIO during the first quarter valued at about $44,000. Meeder Asset Management Inc. purchased a new position in VIZIO in the first quarter valued at about $101,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in VIZIO by 26.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,166 shares of the company’s stock worth $109,000 after purchasing an additional 2,979 shares in the last quarter. Hedge funds and other institutional investors own 66.24% of the company’s stock.

VIZIO Company Profile

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