VIZIO Holding Corp. (NYSE:VZIO) Given Consensus Recommendation of “Hold” by Analysts

Shares of VIZIO Holding Corp. (NYSE:VZIOGet Free Report) have received an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $11.08.

Several brokerages have recently commented on VZIO. Barrington Research lowered VIZIO from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a research report on Wednesday, October 9th.

Read Our Latest Stock Report on VZIO

Insider Transactions at VIZIO

In other VIZIO news, insider Michael Joseph O’donnell sold 2,555 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $11.13, for a total value of $28,437.15. Following the completion of the sale, the insider now directly owns 602,364 shares in the company, valued at $6,704,311.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 44.68% of the company’s stock.

Hedge Funds Weigh In On VIZIO

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of VIZIO during the second quarter worth $27,000. Quest Partners LLC acquired a new stake in VIZIO during the 2nd quarter worth about $40,000. Future Financial Wealth Managment LLC purchased a new stake in VIZIO during the 3rd quarter valued at about $45,000. Meeder Asset Management Inc. purchased a new position in shares of VIZIO in the first quarter worth about $101,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of VIZIO during the first quarter worth about $110,000. 66.24% of the stock is owned by hedge funds and other institutional investors.

VIZIO Stock Up 0.2 %

VZIO opened at $11.30 on Friday. VIZIO has a 52 week low of $5.26 and a 52 week high of $11.37. The company has a market capitalization of $2.27 billion, a P/E ratio of 1,130.00 and a beta of 2.03. The stock’s fifty day moving average is $11.22 and its two-hundred day moving average is $10.96.

About VIZIO

(Get Free Report

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.

Further Reading

Analyst Recommendations for VIZIO (NYSE:VZIO)

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