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

VIZIO Holding Corp. (NYSE:VZIO) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation. The average 12-month price objective among analysts that have covered the stock in the last year is $11.08.

Several research analysts recently issued reports on VZIO shares. Barrington Research downgraded VIZIO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a research report on Wednesday, October 9th.

Institutional Investors Weigh In On VIZIO

Hedge funds have recently made changes to their positions in the business. Pentwater Capital Management LP lifted its position in VIZIO by 1,294.9% during the second quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock worth $73,440,000 after buying an additional 6,312,500 shares during the period. Vanguard Group Inc. increased its stake in shares of VIZIO by 13.6% during the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock valued at $84,090,000 after acquiring an additional 918,300 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of VIZIO during the 3rd quarter worth about $10,087,000. Cinctive Capital Management LP acquired a new stake in shares of VIZIO in the third quarter worth approximately $8,936,000. Finally, Bardin Hill Management Partners LP purchased a new stake in VIZIO in the third quarter valued at approximately $8,069,000. Institutional investors and hedge funds own 66.24% of the company’s stock.

VIZIO Trading Up 0.2 %

Shares of VZIO opened at $11.31 on Thursday. VIZIO has a 12-month low of $6.63 and a 12-month high of $11.37. The stock has a market cap of $2.29 billion, a P/E ratio of 1,131.00 and a beta of 2.03. The company has a 50-day moving average of $11.23 and a two-hundred day moving average of $11.02.

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.