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

VIZIO Holding Corp. (NYSE:VZIO) has earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have covered the stock in the last year is $11.08.

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

Institutional Trading of VIZIO

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its position in VIZIO by 38.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 345,395 shares of the company’s stock worth $3,730,000 after purchasing an additional 96,526 shares during the last quarter. Principal Financial Group Inc. grew its position in VIZIO by 19.1% during the second quarter. Principal Financial Group Inc. now owns 12,004 shares of the company’s stock worth $130,000 after buying an additional 1,926 shares in the last quarter. Pentwater Capital Management LP increased its stake in VIZIO by 1,294.9% during the second quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock valued at $73,440,000 after acquiring an additional 6,312,500 shares during the period. Versor Investments LP raised its holdings in VIZIO by 77.8% in the 2nd quarter. Versor Investments LP now owns 75,050 shares of the company’s stock valued at $811,000 after acquiring an additional 32,851 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of VIZIO by 25.1% in the 2nd quarter. Rhumbline Advisers now owns 129,487 shares of the company’s stock worth $1,398,000 after acquiring an additional 26,020 shares during the period. Institutional investors own 66.24% of the company’s stock.

VIZIO Price Performance

Shares of VZIO opened at $11.35 on Monday. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 1,135.00 and a beta of 2.00. The company’s fifty day moving average is $11.27 and its 200-day moving average is $11.11. VIZIO has a 12 month low of $6.84 and a 12 month high of $11.40.

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.