VIZIO Holding Corp. (NYSE:VZIO) Receives $11.08 Average Price Target from Analysts

VIZIO Holding Corp. (NYSE:VZIO) has received a consensus rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have issued a report on the stock in the last year is $11.08.

Several equities analysts have recently weighed in on VZIO shares. Barrington Research downgraded VIZIO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a research note on Wednesday, October 9th.

VIZIO Price Performance

NYSE VZIO opened at $11.35 on Thursday. The company has a market cap of $2.30 billion, a PE ratio of 1,135.00 and a beta of 2.00. The stock’s 50 day simple moving average is $11.24 and its 200-day simple moving average is $11.05. VIZIO has a 1-year low of $6.84 and a 1-year high of $11.40.

Institutional Investors Weigh In On VIZIO

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in VIZIO by 13.6% in 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. Pentwater Capital Management LP lifted its holdings in shares of VIZIO by 1,294.9% in the 2nd quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock valued at $73,440,000 after purchasing an additional 6,312,500 shares during the last quarter. Alpine Associates Management Inc. lifted its holdings in shares of VIZIO by 10.3% in the 3rd quarter. Alpine Associates Management Inc. now owns 3,398,063 shares of the company’s stock valued at $37,956,000 after purchasing an additional 317,765 shares during the last quarter. Water Island Capital LLC lifted its holdings in shares of VIZIO by 11.0% in the 2nd 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 last quarter. Finally, Hsbc Holdings PLC increased its position in VIZIO by 26.9% in the 2nd quarter. Hsbc Holdings PLC now owns 2,162,523 shares of the company’s stock valued at $23,290,000 after acquiring an additional 457,893 shares during the period. 66.24% of the stock is owned by institutional investors and hedge funds.

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.