VIZIO Holding Corp. (NYSE:VZIO) Receives $11.08 Average PT from Analysts

Shares of VIZIO Holding Corp. (NYSE:VZIO) have been given a consensus rating of “Hold” by the nine brokerages that are presently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $11.08.

A number of research analysts recently weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of VIZIO in a research note on Wednesday, October 9th. Barrington Research lowered VIZIO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th.

VIZIO Price Performance

Shares of NYSE:VZIO opened at $11.37 on Thursday. The company has a market capitalization of $2.30 billion, a P/E ratio of 1,137.00 and a beta of 2.00. VIZIO has a 1-year low of $6.84 and a 1-year high of $11.40. The firm’s 50 day simple moving average is $11.24 and its two-hundred day simple moving average is $11.04.

Institutional Trading of VIZIO

A number of large investors have recently added to or reduced their stakes in VZIO. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of VIZIO in the 2nd quarter worth about $27,000. Quest Partners LLC purchased a new position in VIZIO in the second quarter worth about $40,000. Future Financial Wealth Managment LLC bought a new stake in VIZIO during the third quarter worth approximately $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in VIZIO during the third quarter valued at approximately $45,000. Finally, FMR LLC lifted its stake in shares of VIZIO by 77.9% in the 3rd quarter. FMR LLC now owns 6,256 shares of the company’s stock valued at $70,000 after purchasing an additional 2,739 shares during the last quarter. Institutional investors own 66.24% of the company’s stock.

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.