VIZIO Holding Corp. (NYSE:VZIO) Receives $10.72 Consensus PT from Brokerages

Shares of VIZIO Holding Corp. (NYSE:VZIO) have been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $10.72.

Several brokerages have recently weighed in on VZIO. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research report on Friday, June 21st. Barrington Research raised shares of VIZIO from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 29th.

VIZIO Price Performance

VIZIO stock opened at $11.25 on Friday. The firm has a market capitalization of $2.26 billion, a P/E ratio of 125.01 and a beta of 2.04. VIZIO has a one year low of $4.82 and a one year high of $11.28. The business has a fifty day moving average price of $11.00 and a 200-day moving average price of $10.86.

Insider Activity

In other VIZIO news, CEO William Wei Wang sold 111,114 shares of VIZIO stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $10.63, for a total transaction of $1,181,141.82. Following the completion of the sale, the chief executive officer now owns 2,281,144 shares of the company’s stock, valued at $24,248,560.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Michael Joseph O’donnell sold 2,555 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $11.13, for a total transaction of $28,437.15. Following the transaction, the insider now owns 602,364 shares of the company’s stock, valued at approximately $6,704,311.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $1,181,141.82. Following the completion of the transaction, the chief executive officer now owns 2,281,144 shares in the company, valued at approximately $24,248,560.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 240,080 shares of company stock worth $2,553,328. 44.68% of the stock is currently owned by corporate insiders.

Institutional Trading of VIZIO

Several institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its holdings in VIZIO by 8.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,488,732 shares of the company’s stock valued at $19,163,000 after acquiring an additional 188,430 shares during the period. Gabelli Funds LLC purchased a new stake in shares of VIZIO during the first quarter valued at approximately $9,784,000. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of VIZIO in the first quarter worth approximately $6,760,000. Vanguard Group Inc. increased its stake in shares of VIZIO by 13.6% in the first quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock worth $84,090,000 after buying an additional 918,300 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in VIZIO during the 1st quarter valued at $1,612,000. 66.24% of the stock is currently owned by hedge funds and other 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.