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

Shares of VIZIO Holding Corp. (NYSE:VZIO) have received an average recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $11.08.

Several analysts have weighed in on VZIO shares. Needham & Company LLC reaffirmed 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 report on Thursday, November 7th.

VIZIO Stock Performance

Shares of VZIO opened at $11.35 on Monday. VIZIO has a 1-year low of $6.84 and a 1-year high of $11.40. The firm’s 50-day moving average price is $11.28 and its 200-day moving average price is $11.13. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 1,135.00 and a beta of 2.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VZIO. Pentwater Capital Management LP increased its holdings in shares of 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in VIZIO during the 3rd quarter valued at about $10,087,000. Cinctive Capital Management LP purchased a new position in VIZIO in the third quarter worth about $8,936,000. Bardin Hill Management Partners LP bought a new position in shares of VIZIO in the third quarter worth approximately $8,069,000. Finally, Hsbc Holdings PLC grew its holdings in shares of VIZIO by 26.9% during the second quarter. Hsbc Holdings PLC now owns 2,162,523 shares of the company’s stock valued at $23,290,000 after buying an additional 457,893 shares during the last quarter. Hedge funds and other institutional investors own 66.24% of the company’s stock.

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.