VIZIO Holding Corp. (NYSE:VZIO) Given Consensus Recommendation of “Hold” by Analysts

Shares of VIZIO Holding Corp. (NYSE:VZIO) have earned a consensus rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $10.50.

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

Insider Buying and Selling at VIZIO

In related news, insider Michael Joseph O’donnell sold 2,555 shares of VIZIO stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $11.13, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 44.68% of the company’s stock.

Institutional Trading of VIZIO

Several large investors have recently modified their holdings of VZIO. Vanguard Group Inc. lifted its holdings in 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 buying an additional 918,300 shares during the period. Pentwater Capital Management LP lifted its stake in VIZIO by 1,294.9% in the second quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock worth $73,440,000 after acquiring an additional 6,312,500 shares during the period. Magnetar Financial LLC bought a new stake in VIZIO in the first quarter valued at $43,318,000. Water Island Capital LLC increased its position in VIZIO by 11.0% during 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 period. Finally, Alpine Associates Management Inc. raised its holdings in VIZIO by 9.7% in the 2nd quarter. Alpine Associates Management Inc. now owns 3,080,298 shares of the company’s stock worth $33,267,000 after purchasing an additional 271,650 shares in the last quarter. 66.24% of the stock is owned by institutional investors.

VIZIO Stock Up 0.4 %

Shares of VZIO stock opened at $11.26 on Wednesday. The firm has a market cap of $2.23 billion, a P/E ratio of 125.11 and a beta of 2.04. The business has a 50-day moving average price of $11.19 and a two-hundred day moving average price of $10.91. VIZIO has a 12-month low of $4.82 and a 12-month 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.