Brokerages Set VIZIO Holding Corp. (NYSE:VZIO) PT at $11.08

Shares of VIZIO Holding Corp. (NYSE:VZIO) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is $11.08.

A number of equities research analysts have recently commented on the company. Barrington Research cut VIZIO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research note on Wednesday, October 9th.

VIZIO Stock Performance

Shares of VIZIO stock opened at $11.35 on Monday. The business’s fifty day simple moving average is $11.28 and its 200 day simple moving average is $11.12. VIZIO has a 12 month low of $6.84 and a 12 month high of $11.40. The firm has a market capitalization of $2.30 billion, a P/E ratio of 1,135.00 and a beta of 2.00.

Institutional Investors Weigh In On VIZIO

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in VIZIO by 19.1% during the second quarter. Principal Financial Group Inc. now owns 12,004 shares of the company’s stock valued at $130,000 after acquiring an additional 1,926 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of VIZIO by 11.0% in the second quarter. Arizona State Retirement System now owns 22,157 shares of the company’s stock worth $239,000 after purchasing an additional 2,202 shares during the period. FMR LLC raised its position in shares of VIZIO by 77.9% in the third quarter. FMR LLC now owns 6,256 shares of the company’s stock worth $70,000 after buying an additional 2,739 shares in the last quarter. Quest Partners LLC bought a new stake in VIZIO during the second quarter valued at $40,000. Finally, Future Financial Wealth Managment LLC purchased a new position in VIZIO during the third quarter worth about $45,000. Hedge funds and other institutional investors own 66.24% of the company’s stock.

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.