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

VIZIO Holding Corp. (NYSE:VZIO) has been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Nine 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.

VZIO has been the subject of several research reports. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research report on Wednesday, October 9th. Barrington Research cut shares of VIZIO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th.

VIZIO Price Performance

Shares of VZIO opened at $11.35 on Monday. The firm has a 50 day simple moving average of $11.28 and a two-hundred day simple moving average of $11.13. VIZIO has a one year low of $6.84 and a one year high of $11.40. The company has a market cap of $2.30 billion, a P/E ratio of 1,135.00 and a beta of 2.00.

Hedge Funds Weigh In On VIZIO

Large investors have recently modified their holdings of the company. Quest Partners LLC bought a new position in VIZIO in the 2nd quarter worth about $40,000. Future Financial Wealth Managment LLC purchased a new position in VIZIO in the 3rd quarter worth approximately $45,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of VIZIO in the 3rd quarter worth $45,000. FMR LLC grew its position in VIZIO by 77.9% in the third quarter. FMR LLC now owns 6,256 shares of the company’s stock worth $70,000 after acquiring an additional 2,739 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in VIZIO by 19.1% in the second quarter. Principal Financial Group Inc. now owns 12,004 shares of the company’s stock valued at $130,000 after acquiring an additional 1,926 shares during the last quarter. 66.24% of the stock is currently owned by institutional investors.

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.