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

VIZIO Holding Corp. (NYSE:VZIO) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $11.08.

Separately, Needham & Company LLC restated a “hold” rating on shares of VIZIO in a research report on Wednesday, October 9th.

Insider Transactions at VIZIO

In related news, insider Michael Joseph O’donnell sold 2,555 shares of VIZIO 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 transaction, the insider now directly owns 602,364 shares of the company’s stock, valued at $6,704,311.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 44.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of VIZIO by 13.6% in the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock worth $84,090,000 after acquiring an additional 918,300 shares during the last quarter. Pentwater Capital Management LP lifted its stake in VIZIO by 1,294.9% during the second quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock valued at $73,440,000 after buying an additional 6,312,500 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of VIZIO in the first quarter worth about $43,318,000. Water Island Capital LLC increased its position in shares of VIZIO by 11.0% in the second quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock worth $34,474,000 after acquiring an additional 315,757 shares in the last quarter. Finally, Alpine Associates Management Inc. raised its holdings in shares of VIZIO by 9.7% during the second quarter. Alpine Associates Management Inc. now owns 3,080,298 shares of the company’s stock valued at $33,267,000 after acquiring an additional 271,650 shares during the period. Institutional investors own 66.24% of the company’s stock.

VIZIO Trading Down 0.6 %

NYSE VZIO opened at $11.28 on Friday. The company has a 50-day moving average price of $11.22 and a two-hundred day moving average price of $10.95. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 140.75 and a beta of 2.03. VIZIO has a 52 week low of $5.26 and a 52 week high of $11.37.

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.