VIZIO Holding Corp. (NYSE:VZIO) Receives $11.08 Consensus PT from Brokerages

VIZIO Holding Corp. (NYSE:VZIO) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $11.08.

Several research analysts recently issued reports on VZIO shares. Barrington Research lowered shares of VIZIO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a report on Wednesday, October 9th.

VIZIO Price Performance

VZIO stock 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 $11.12. The stock has a market cap of $2.30 billion, a PE ratio of 1,135.00 and a beta of 2.00. VIZIO has a one year low of $6.84 and a one year high of $11.40.

Institutional Trading of VIZIO

Several hedge funds and other institutional investors have recently bought and sold shares of VZIO. Principal Financial Group Inc. increased its stake in shares of VIZIO by 19.1% in the second quarter. Principal Financial Group Inc. now owns 12,004 shares of the company’s stock worth $130,000 after buying an additional 1,926 shares during the period. Arizona State Retirement System grew its holdings in VIZIO by 11.0% in the 2nd quarter. Arizona State Retirement System now owns 22,157 shares of the company’s stock worth $239,000 after acquiring an additional 2,202 shares during the last quarter. FMR LLC increased its position in shares of VIZIO by 77.9% in the third quarter. FMR LLC now owns 6,256 shares of the company’s stock valued at $70,000 after acquiring an additional 2,739 shares during the period. Quest Partners LLC purchased a new position in shares of VIZIO in the second quarter valued at about $40,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of VIZIO during the third quarter valued at about $45,000. Institutional investors own 66.24% of the company’s stock.

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.