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

VIZIO Holding Corp. (NYSE:VZIO) has been given a consensus rating of “Hold” by the nine research firms that are covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $11.08.

Several research analysts have commented on VZIO shares. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a 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.

Institutional Investors Weigh In On VIZIO

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of VIZIO by 13.6% during the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock worth $84,090,000 after purchasing an additional 918,300 shares during the period. 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 worth $241,000 after purchasing an additional 2,983 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of VIZIO during the second quarter valued at approximately $27,000. Bank of New York Mellon Corp grew its stake in shares of VIZIO by 38.8% during the second quarter. Bank of New York Mellon Corp now owns 345,395 shares of the company’s stock valued at $3,730,000 after buying an additional 96,526 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of VIZIO by 19.1% in 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 during the period. 66.24% of the stock is owned by institutional investors.

VIZIO Stock Performance

Shares of NYSE:VZIO opened at $11.31 on Thursday. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 1,131.00 and a beta of 2.03. The firm has a fifty day moving average price of $11.23 and a 200 day moving average price of $11.02. VIZIO has a fifty-two week low of $6.63 and a fifty-two week high of $11.37.

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.