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

Shares of VIZIO Holding Corp. (NYSE:VZIO) have earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $11.08.

A number of equities 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 report on Thursday, November 7th.

VIZIO Price Performance

Shares of VIZIO stock opened at $11.35 on Monday. The stock has a market capitalization of $2.30 billion, a P/E ratio of 1,135.00 and a beta of 2.00. VIZIO has a 12-month low of $6.84 and a 12-month high of $11.40. The company has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $11.13.

Institutional Investors Weigh In On VIZIO

Several hedge funds have recently bought and sold shares of VZIO. Verition Fund Management LLC grew its stake in shares of VIZIO by 124.5% in the third quarter. Verition Fund Management LLC now owns 573,683 shares of the company’s stock valued at $6,408,000 after acquiring an additional 318,134 shares in the last quarter. Water Island Capital LLC grew its position in shares of VIZIO by 11.0% during the 2nd quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock worth $34,474,000 after purchasing an additional 315,757 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in shares of VIZIO by 151.3% during the third quarter. Wolverine Asset Management LLC now owns 89,199 shares of the company’s stock worth $996,000 after purchasing an additional 53,700 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of VIZIO in the second quarter valued at approximately $1,636,000. Finally, Millennium Management LLC boosted its stake in shares of VIZIO by 10.6% in the second quarter. Millennium Management LLC now owns 996,278 shares of the company’s stock valued at $10,760,000 after buying an additional 95,144 shares during the period. 66.24% of the stock is currently owned by institutional investors and hedge funds.

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.