VIZIO Holding Corp. (NYSE:VZIO) Receives $10.50 Average Target Price from Analysts

Shares of VIZIO Holding Corp. (NYSE:VZIO) have been assigned an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $10.50.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a report on Wednesday, October 9th.

Insiders Place Their Bets

In other news, insider Michael Joseph O’donnell sold 2,555 shares of VIZIO stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $11.13, for a total value of $28,437.15. Following the completion of the transaction, the insider now owns 602,364 shares in the company, valued at approximately $6,704,311.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 44.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On VIZIO

Several institutional investors have recently modified their holdings of the company. Voisard Asset Management Group Inc. acquired a new stake in shares of VIZIO during the 4th quarter worth about $167,000. Future Financial Wealth Managment LLC purchased a new stake in shares of VIZIO during the 1st quarter worth approximately $44,000. Principal Financial Group Inc. acquired a new position in shares of VIZIO in the 1st quarter valued at $110,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of VIZIO in the 1st quarter valued at $6,760,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of VIZIO in the 1st quarter valued at $1,612,000. 66.24% of the stock is owned by hedge funds and other institutional investors.

VIZIO Stock Performance

NYSE:VZIO opened at $11.20 on Wednesday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 140.02 and a beta of 2.04. VIZIO has a fifty-two week low of $4.82 and a fifty-two week high of $11.37. The company has a 50 day moving average price of $11.18 and a 200 day moving average price of $10.91.

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.