VIZIO Holding Corp. (NYSE:VZIO) Receives Average Rating of "Hold" from Analysts

Shares of VIZIO Holding Corp. (NYSE:VZIO - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine analysts that are covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $11.08.

Separately, Needham & Company LLC reissued a "hold" rating on shares of VIZIO in a research note on Wednesday, October 9th.

Insider Activity at VIZIO

In other news, insider Michael Joseph O'donnell sold 2,555 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 602,364 shares of the company's stock, valued at approximately $6,704,311.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 44.68% of the stock is owned by insiders.

Hedge Funds Weigh In On VIZIO

A number of large investors have recently made changes to their positions in VZIO. Gabelli Funds LLC purchased a new position in VIZIO during the 1st quarter valued at $9,784,000. Vanguard Group Inc. boosted its stake in shares of VIZIO by 13.6% during the first quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company's stock valued at $84,090,000 after purchasing an additional 918,300 shares during the period. Water Island Capital LLC boosted its stake in shares of VIZIO by 11.0% during the second quarter. Water Island Capital LLC now owns 3,192,078 shares of the company's stock valued at $34,474,000 after purchasing an additional 315,757 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of VIZIO in the first quarter worth about $1,612,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in VIZIO during the 2nd quarter valued at about $1,636,000. 66.24% of the stock is owned by hedge funds and other institutional investors.

VIZIO Stock Up 0.2 %

VZIO stock traded up $0.02 during mid-day trading on Friday, hitting $11.15. The company had a trading volume of 2,198,720 shares, compared to its average volume of 1,970,426. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 139.38 and a beta of 2.03. The company has a 50-day moving average price of $11.21 and a 200 day moving average price of $10.95. VIZIO has a 12-month low of $5.17 and a 12-month high of $11.37.

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.