VIZIO Holding Corp. (NYSE:VZIO) Receives Average Recommendation of “Hold” from Brokerages

VIZIO Holding Corp. (NYSE:VZIO) has earned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $11.08.

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

VIZIO Stock Up 0.2 %

Shares of VZIO stock opened at $11.31 on Thursday. VIZIO has a 52-week low of $6.63 and a 52-week high of $11.37. The stock’s 50-day moving average price is $11.23 and its 200 day moving average price is $11.02. The stock has a market capitalization of $2.29 billion, a PE ratio of 1,131.00 and a beta of 2.03.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VZIO. Thurston Springer Miller Herd & Titak Inc. acquired a new position in VIZIO during the second quarter worth about $27,000. Quest Partners LLC purchased a new stake in shares of VIZIO during the 2nd quarter worth approximately $40,000. Future Financial Wealth Managment LLC acquired a new stake in shares of VIZIO in the 3rd quarter worth approximately $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in VIZIO in the 3rd quarter valued at approximately $45,000. Finally, FMR LLC raised its holdings in VIZIO by 77.9% during the third quarter. FMR LLC now owns 6,256 shares of the company’s stock worth $70,000 after purchasing an additional 2,739 shares during the last quarter. 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.