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

VIZIO Holding Corp. (NYSE:VZIO) has earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $11.08.

A number of analysts recently commented on VZIO shares. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a report on Wednesday, October 9th. Barrington Research cut VIZIO from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in VIZIO by 19.1% in the 2nd quarter. Principal Financial Group Inc. now owns 12,004 shares of the company’s stock valued at $130,000 after buying an additional 1,926 shares during the period. Arizona State Retirement System increased its stake in shares of VIZIO by 11.0% in the second quarter. Arizona State Retirement System now owns 22,157 shares of the company’s stock worth $239,000 after acquiring an additional 2,202 shares during the last quarter. FMR LLC raised its holdings in shares of VIZIO by 77.9% during the third quarter. FMR LLC now owns 6,256 shares of the company’s stock worth $70,000 after acquiring an additional 2,739 shares in the last quarter. Quest Partners LLC acquired a new stake in VIZIO during the second quarter valued at $40,000. Finally, Future Financial Wealth Managment LLC purchased a new position in VIZIO in the third quarter valued at about $45,000. Hedge funds and other institutional investors own 66.24% of the company’s stock.

VIZIO Stock Performance

Shares of VIZIO stock opened at $11.35 on Monday. VIZIO has a 52 week low of $6.84 and a 52 week high of $11.40. The stock has a market cap of $2.30 billion, a PE ratio of 1,135.00 and a beta of 2.00. The company’s 50-day moving average price is $11.27 and its two-hundred day moving average price is $11.11.

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.