VIZIO Holding Corp. (NYSE:VZIO) Short Interest Up 26.0% in September

VIZIO Holding Corp. (NYSE:VZIO) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 27,030,000 shares, an increase of 26.0% from the August 31st total of 21,450,000 shares. Based on an average daily volume of 1,990,000 shares, the short-interest ratio is currently 13.6 days. Approximately 35.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of VIZIO in a research report on Friday, June 21st. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, VIZIO has an average rating of “Hold” and an average target price of $10.50.

Insider Buying and Selling at VIZIO

In other news, insider Michael Joseph O’donnell sold 2,555 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $11.13, for a total transaction of $28,437.15. Following the transaction, the insider now owns 602,364 shares in the company, valued at approximately $6,704,311.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 44.68% of the company’s stock.

Institutional Investors Weigh In On VIZIO

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

VIZIO Stock Down 0.4 %

NYSE:VZIO traded down $0.04 during mid-day trading on Monday, reaching $11.17. 2,224,762 shares of the company were exchanged, compared to its average volume of 2,403,001. The company has a fifty day moving average of $11.13 and a 200 day moving average of $10.89. VIZIO has a 12 month low of $4.82 and a 12 month high of $11.30. The stock has a market cap of $2.24 billion, a PE ratio of 124.12 and a beta of 2.04.

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.