VIZIO (NYSE:VZIO) Hits New 52-Week High – What’s Next?

VIZIO Holding Corp. (NYSE:VZIO) hit a new 52-week high on Monday . The company traded as high as $11.37 and last traded at $11.35, with a volume of 1277769 shares traded. The stock had previously closed at $11.27.

Analysts Set New Price Targets

VZIO has been the topic of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a report on Wednesday, October 9th. Barrington Research downgraded VIZIO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Nine equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.08.

VIZIO Stock Up 0.1 %

The stock has a market capitalization of $2.29 billion, a P/E ratio of 1,129.00 and a beta of 2.03. The company has a 50 day moving average of $11.22 and a 200-day moving average of $10.99.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in VIZIO in the second quarter worth $27,000. Quest Partners LLC acquired a new position in VIZIO during the second quarter valued at approximately $40,000. Future Financial Wealth Managment LLC bought a new position in shares of VIZIO in the third quarter valued at approximately $45,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of VIZIO during the 3rd quarter worth $45,000. Finally, FMR LLC increased its stake in shares of VIZIO by 77.9% in the third quarter. FMR LLC now owns 6,256 shares of the company’s stock worth $70,000 after purchasing an additional 2,739 shares during the period. Institutional investors own 66.24% of the company’s stock.

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.