Vivint Smart Home, Inc. (NYSE:VVNT) Receives Average Recommendation of “Buy” from Brokerages

Vivint Smart Home, Inc. (NYSE:VVNT – Get Rating) has been given an average rating of “Buy” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.08.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Vivint Smart Home from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Thursday, March 3rd. Royal Bank of Canada downgraded shares of Vivint Smart Home from an “outperform” rating to a “sector perform” rating and set a $11.00 price objective for the company. in a research report on Thursday, January 6th.

Vivint Smart Home stock traded up $0.20 during mid-day trading on Friday, reaching $5.45. The company’s stock had a trading volume of 9,670 shares, compared to its average volume of 492,047. The business’s 50 day simple moving average is $6.66 and its 200 day simple moving average is $8.21. Vivint Smart Home has a 12 month low of $5.11 and a 12 month high of $16.20. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -3.19 and a beta of 0.73.

Vivint Smart Home (NYSE:VVNT – Get Rating) last announced its quarterly earnings data on Tuesday, March 1st. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.11. The firm had revenue of $396.21 million during the quarter, compared to the consensus estimate of $362.46 million. As a group, analysts predict that Vivint Smart Home will post -1.1 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of VVNT. HighTower Advisors LLC bought a new stake in shares of Vivint Smart Home during the 3rd quarter valued at approximately $278,000. Dupont Capital Management Corp bought a new stake in shares of Vivint Smart Home during the 3rd quarter valued at approximately $209,000. Ionic Capital Management LLC grew its holdings in shares of Vivint Smart Home by 22.0% during the 3rd quarter. Ionic Capital Management LLC now owns 539,902 shares of the company’s stock valued at $5,102,000 after purchasing an additional 97,259 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in shares of Vivint Smart Home during the 3rd quarter valued at approximately $164,000. Finally, Captrust Financial Advisors grew its holdings in shares of Vivint Smart Home by 27.7% during the 3rd quarter. Captrust Financial Advisors now owns 7,246 shares of the company’s stock valued at $68,000 after purchasing an additional 1,570 shares during the last quarter. Institutional investors and hedge funds own 79.53% of the company’s stock.

Vivint Smart Home Company Profile (Get Rating)

Vivint Smart Home, Inc, together with its subsidiaries, engages in the sale, installation, servicing, and monitoring of smart home and security systems primarily in the United States and Canada. The company's smart home platform includes cloud-enabled smart home operating systems; AI-driven smart home automation and assistance software; software-enabled smart home devices; and tech-enabled services to educate, manage, and support the smart home.

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