VIZIO (NYSE:VZIO) Rating Lowered to Hold at Barrington Research

VIZIO (NYSE:VZIO) was downgraded by analysts at Barrington Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a report on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating, According to MarketBeat, VIZIO presently has an average rating of “Hold” and an average price target of $11.08.

VIZIO Stock Performance

Shares of NYSE:VZIO opened at $11.30 on Thursday. VIZIO has a 52 week low of $5.26 and a 52 week high of $11.37. The company has a market cap of $2.27 billion, a PE ratio of 1,128.00 and a beta of 2.03. The firm has a 50 day simple moving average of $11.22 and a 200 day simple moving average of $10.96.

Insider Activity at VIZIO

In other VIZIO news, insider Michael Joseph O’donnell sold 2,555 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 in the company, valued at $6,704,311.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 44.68% of the stock is owned by company insiders.

Institutional Trading of VIZIO

Several institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in VIZIO during the 2nd quarter valued at about $27,000. Quest Partners LLC bought a new position in VIZIO in the 2nd quarter valued at $40,000. Future Financial Wealth Managment LLC acquired a new position in VIZIO in the third quarter worth $45,000. Meeder Asset Management Inc. acquired a new stake in shares of VIZIO in the first quarter valued at $101,000. Finally, Principal Financial Group Inc. lifted its position in VIZIO by 19.1% during the 2nd quarter. Principal Financial Group Inc. now owns 12,004 shares of the company’s stock worth $130,000 after buying an additional 1,926 shares in the last quarter. Institutional investors and hedge funds 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.