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

VIZIO Holding Corp. (NYSE:VZIO) 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.

VIZIO Stock Performance

Shares of NYSE VZIO traded down $0.01 during midday trading on Wednesday, hitting $11.24. 59,619 shares of the company traded hands, compared to its average volume of 2,364,089. The firm has a market cap of $2.26 billion, a P/E ratio of 124.90 and a beta of 2.04. VIZIO has a 12-month low of $4.82 and a 12-month high of $11.37. The stock has a 50-day moving average price of $11.16 and a 200 day moving average price of $10.90.

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.