VIZIO (NYSE:VZIO) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of VIZIO (NYSE:VZIO) in a report released on Wednesday, Benzinga reports.

VIZIO Stock Down 0.2 %

Shares of VZIO opened at $11.23 on Wednesday. VIZIO has a 52-week low of $4.82 and a 52-week high of $11.37. The stock has a fifty day simple moving average of $11.17 and a two-hundred day simple moving average of $10.90. The company has a market capitalization of $2.26 billion, a PE ratio of 124.79 and a beta of 2.04.

Insiders Place Their Bets

In other news, insider Michael Joseph O’donnell sold 2,555 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $11.13, for a total value of $28,437.15. Following the completion of the sale, the insider now owns 602,364 shares of the company’s stock, valued at $6,704,311.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 44.68% of the stock is owned by insiders.

Hedge Funds Weigh In On VIZIO

Large investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of VIZIO in the 2nd quarter worth approximately $27,000. Quest Partners LLC purchased a new position in shares of VIZIO during the second quarter worth $40,000. Future Financial Wealth Managment LLC acquired a new stake in shares of VIZIO in the first quarter valued at $44,000. Meeder Asset Management Inc. purchased a new stake in shares of VIZIO in the 1st quarter valued at $101,000. Finally, Principal Financial Group Inc. acquired a new position in VIZIO during the 1st quarter worth about $110,000. Institutional investors and hedge funds own 66.24% of the company’s stock.

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.