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

Shares of VIZIO Holding Corp. (NYSE:VZIO) have been given an average recommendation of “Hold” by the nine analysts that are presently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have covered the stock in the last year is $11.08.

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

Institutional Investors Weigh In On VIZIO

Several hedge funds and other institutional investors have recently made changes to their positions in VZIO. Thurston Springer Miller Herd & Titak Inc. bought a new position in VIZIO in the 2nd quarter worth $27,000. Quest Partners LLC bought a new position in shares of VIZIO in the second quarter worth about $40,000. Future Financial Wealth Managment LLC purchased a new stake in VIZIO in the 3rd quarter worth approximately $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in VIZIO in the 3rd quarter worth approximately $45,000. Finally, FMR LLC raised its stake in VIZIO by 77.9% during the 3rd quarter. FMR LLC now owns 6,256 shares of the company’s stock worth $70,000 after acquiring an additional 2,739 shares during the period. Hedge funds and other institutional investors own 66.24% of the company’s stock.

VIZIO Trading Up 0.2 %

VZIO stock opened at $11.31 on Thursday. The stock’s 50 day simple moving average is $11.23 and its 200 day simple moving average is $11.02. VIZIO has a 12-month low of $6.63 and a 12-month high of $11.37. The stock has a market capitalization of $2.29 billion, a PE ratio of 1,131.00 and a beta of 2.03.

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.