VIZIO Holding Corp. (NYSE:VZIO – Get Free Report) has been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $10.50.
Separately, Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research note on Wednesday.
Read Our Latest Research Report on VZIO
VIZIO Stock Performance
Insider Buying and Selling at VIZIO
In other news, insider Michael Joseph O’donnell sold 2,555 shares of the firm’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 of the company’s stock, valued at approximately $6,704,311.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 44.68% of the company’s stock.
Institutional Trading of VIZIO
Several institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in VIZIO in the 2nd quarter valued at $27,000. Quest Partners LLC purchased a new position in VIZIO in the 2nd quarter valued at about $40,000. Future Financial Wealth Managment LLC purchased a new position in VIZIO in the 1st quarter valued at about $44,000. Meeder Asset Management Inc. purchased a new position in VIZIO in the 1st quarter valued at about $101,000. Finally, Principal Financial Group Inc. purchased a new position in VIZIO in the 1st quarter valued at about $110,000. 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.
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