VIZIO (NYSE:VZIO) Sets New 1-Year High at $11.28

VIZIO Holding Corp. (NYSE:VZIO) reached a new 52-week high during trading on Wednesday . The stock traded as high as $11.28 and last traded at $11.28, with a volume of 238948 shares traded. The stock had previously closed at $11.25.

Analysts Set New Price Targets

Several research firms recently weighed in on VZIO. Needham & Company LLC reaffirmed a “hold” rating on shares of VIZIO in a report on Friday, June 21st. Barrington Research upgraded VIZIO from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 29th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, VIZIO has a consensus rating of “Hold” and a consensus target price of $10.72.

VIZIO Stock Performance

The stock has a fifty day moving average price of $11.02 and a 200-day moving average price of $10.86. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 125.44 and a beta of 2.04.

Insider Transactions at VIZIO

In other news, CEO William Wei Wang sold 111,114 shares of VIZIO stock in a transaction on Friday, June 21st. The stock was sold at an average price of $10.63, for a total value of $1,181,141.82. Following the completion of the sale, the chief executive officer now directly owns 2,281,144 shares of the company’s stock, valued at approximately $24,248,560.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO William Wei Wang sold 111,114 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $10.63, for a total value of $1,181,141.82. Following the transaction, the chief executive officer now owns 2,281,144 shares of the company’s stock, valued at approximately $24,248,560.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael Joseph O’donnell sold 43,397 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $10.63, for a total value of $461,310.11. Following the completion of the transaction, the insider now directly owns 604,919 shares in the company, valued at approximately $6,430,288.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 240,080 shares of company stock worth $2,553,328. Corporate insiders own 44.68% of the company’s stock.

Hedge Funds Weigh In On VIZIO

Several hedge funds have recently made changes to their positions in VZIO. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of VIZIO in the 2nd quarter valued at about $27,000. Quest Partners LLC acquired a new stake in shares of VIZIO during the 2nd quarter worth about $40,000. Future Financial Wealth Managment LLC acquired a new position in shares of VIZIO in the first quarter valued at approximately $44,000. Meeder Asset Management Inc. bought a new position in VIZIO during the 1st quarter worth $101,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of VIZIO by 26.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,166 shares of the company’s stock worth $109,000 after buying an additional 2,979 shares in the last quarter. 66.24% of the stock is owned by institutional investors.

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.