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

VIZIO Holding Corp. (NYSE:VZIO) has been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $11.08.

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

Hedge Funds Weigh In On VIZIO

A number of large investors have recently bought and sold shares of VZIO. Quest Partners LLC purchased a new position in shares of VIZIO in the second quarter worth $40,000. Future Financial Wealth Managment LLC bought a new position in shares of VIZIO during the third quarter valued at about $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of VIZIO during the third quarter worth about $45,000. FMR LLC increased its holdings in VIZIO by 77.9% during the 3rd quarter. FMR LLC now owns 6,256 shares of the company’s stock valued at $70,000 after purchasing an additional 2,739 shares during the period. Finally, Point72 DIFC Ltd bought a new position in VIZIO during the 3rd quarter valued at approximately $130,000. 66.24% of the stock is owned by hedge funds and other institutional investors.

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 $11.13. 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.

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.