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

Shares of VIZIO Holding Corp. (NYSE:VZIO) 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.

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

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.