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

VIZIO Holding Corp. (NYSE:VZIO) has earned an average recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation. The average 12 month target price among brokers that have covered the stock in the last year is $11.08.

A number of equities research analysts have commented on the company. Barrington Research downgraded VIZIO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of VIZIO in a research report on Wednesday, October 9th.

VIZIO Price Performance

Shares of NYSE VZIO opened at $11.39 on Thursday. VIZIO has a 1 year low of $6.63 and a 1 year high of $11.40. The company has a market capitalization of $2.31 billion, a P/E ratio of 1,139.00 and a beta of 2.03. The company has a 50 day simple moving average of $11.24 and a 200-day simple moving average of $11.03.

Institutional Trading of VIZIO

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. raised its holdings in VIZIO by 19.1% in the second quarter. Principal Financial Group Inc. now owns 12,004 shares of the company’s stock valued at $130,000 after acquiring an additional 1,926 shares in the last quarter. Arizona State Retirement System grew its stake in VIZIO by 11.0% during the 2nd quarter. Arizona State Retirement System now owns 22,157 shares of the company’s stock worth $239,000 after buying an additional 2,202 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in VIZIO during the second quarter worth approximately $27,000. FMR LLC increased its position in VIZIO by 77.9% during the third quarter. FMR LLC now owns 6,256 shares of the company’s stock worth $70,000 after buying an additional 2,739 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in VIZIO by 15.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,953 shares of the company’s stock valued at $241,000 after buying an additional 2,983 shares during the last quarter. 66.24% of the stock is currently owned by institutional investors and hedge funds.

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.