VIZIO (NYSE:VZIO) Rating Reiterated by Needham & Company LLC

VIZIO (NYSE:VZIO)‘s stock had its “hold” rating reiterated by Needham & Company LLC in a research report issued to clients and investors on Wednesday, Benzinga reports.

VIZIO Stock Performance

Shares of NYSE:VZIO opened at $11.25 on Wednesday. The stock’s 50-day simple moving average is $11.16 and its two-hundred day simple moving average is $10.90. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 125.01 and a beta of 2.04. VIZIO has a 52-week low of $4.82 and a 52-week high of $11.37.

Insiders Place Their Bets

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 completion of the sale, the insider now owns 602,364 shares in the company, valued at approximately $6,704,311.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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 business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in VIZIO in the 2nd quarter worth $27,000. Quest Partners LLC acquired a new position in shares of VIZIO during the 2nd quarter worth approximately $40,000. Future Financial Wealth Managment LLC purchased a new stake in VIZIO in the 1st quarter valued at $44,000. Meeder Asset Management Inc. purchased a new stake in shares of VIZIO in the first quarter valued at about $101,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of VIZIO during the 1st quarter worth approximately $110,000. 66.24% of the stock is currently owned by institutional investors.

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.