VIZIO (NYSE:VZIO) Downgraded to Hold Rating by Barrington Research

VIZIO (NYSE:VZIO - Get Free Report) was downgraded by stock analysts at Barrington Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Needham & Company LLC reissued a "hold" rating on shares of VIZIO in a research note on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $11.08.

VIZIO Stock Performance

VZIO stock traded up $0.02 during mid-day trading on Thursday, reaching $11.30. 3,042,674 shares of the stock traded hands, compared to its average volume of 2,400,635. The business has a 50-day moving average price of $11.22 and a two-hundred day moving average price of $10.96. The stock has a market capitalization of $2.27 billion, a PE ratio of 1,128.00 and a beta of 2.03. VIZIO has a one year low of $5.26 and a one year high of $11.37.

Insider Activity at VIZIO

In other VIZIO news, insider Michael Joseph O'donnell sold 2,555 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $11.13, for a total transaction of $28,437.15. Following the sale, the insider now owns 602,364 shares of the company's stock, valued at approximately $6,704,311.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 44.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On VIZIO

A number of large investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in VIZIO in the second quarter worth about $27,000. Quest Partners LLC acquired a new position in VIZIO during the 2nd quarter valued at approximately $40,000. Future Financial Wealth Managment LLC purchased a new stake in shares of VIZIO during the third quarter valued at $45,000. Meeder Asset Management Inc. purchased a new position in VIZIO in the 1st quarter worth $101,000. Finally, Principal Financial Group Inc. lifted its position in VIZIO by 19.1% during the 2nd quarter. Principal Financial Group Inc. now owns 12,004 shares of the company's stock worth $130,000 after acquiring an additional 1,926 shares during the period. 66.24% of the stock is owned by institutional investors and hedge funds.

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.