VIZIO (NYSE:VZIO) Hits New 1-Year High at $11.28

Shares of VIZIO Holding Corp. (NYSE:VZIO) reached a new 52-week high during trading on Wednesday . The company traded as high as $11.28 and last traded at $11.28, with a volume of 238948 shares trading hands. The stock had previously closed at $11.25.

Analyst Ratings Changes

Several equities analysts have commented on VZIO shares. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a report on Friday, June 21st. Barrington Research raised VIZIO from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 29th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.72.

VIZIO Stock Performance

The business has a 50 day moving average of $11.02 and a 200-day moving average of $10.86. The company has a market capitalization of $2.23 billion, a P/E ratio of 125.44 and a beta of 2.04.

Insider Activity

In related news, CEO William Wei Wang sold 111,114 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $10.63, for a total transaction of $1,181,141.82. Following the transaction, the chief executive officer now owns 2,281,144 shares of the company’s stock, valued at approximately $24,248,560.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO William Wei Wang sold 111,114 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $10.63, for a total transaction of $1,181,141.82. Following the transaction, the chief executive officer now owns 2,281,144 shares in the company, valued at approximately $24,248,560.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Joseph O’donnell sold 2,555 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $11.13, for a total transaction of $28,437.15. Following the completion of the sale, the insider now directly owns 602,364 shares of the company’s stock, valued at $6,704,311.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 240,080 shares of company stock worth $2,553,328. 44.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VZIO. Thurston Springer Miller Herd & Titak Inc. purchased a new position in VIZIO in the 2nd quarter worth approximately $27,000. Quest Partners LLC purchased a new position in shares of VIZIO in the 2nd quarter worth $40,000. Future Financial Wealth Managment LLC bought a new stake in shares of VIZIO in the first quarter worth $44,000. Meeder Asset Management Inc. purchased a new position in VIZIO in the first quarter worth about $101,000. Finally, Principal Financial Group Inc. purchased a new position in shares of VIZIO during the 1st quarter valued at about $110,000. Institutional investors own 66.24% of the company’s stock.

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.