Vivint Smart Home (NYSE:VVNT – Get Rating) had its price target raised by equities research analysts at Morgan Stanley from $7.90 to $12.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price objective indicates a potential upside of 0.84% from the stock's current price.
Several other equities research analysts also recently commented on the company. Royal Bank of Canada increased their price objective on Vivint Smart Home from $9.00 to $12.00 and gave the company a "sector perform" rating in a report on Wednesday. Evercore ISI boosted their price objective on shares of Vivint Smart Home to $7.00 in a research note on Tuesday, November 15th.
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Vivint Smart Home Price Performance
Shares of VVNT stock remained flat at $11.90 on Wednesday. The stock had a trading volume of 95,703 shares, compared to its average volume of 589,461. The business has a fifty day moving average of $7.77 and a 200-day moving average of $6.18. Vivint Smart Home has a 52 week low of $3.26 and a 52 week high of $11.93. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of -19.83 and a beta of 1.12.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of VVNT. Toroso Investments LLC acquired a new position in Vivint Smart Home in the 3rd quarter valued at $88,000. Drive Wealth Management LLC acquired a new position in shares of Vivint Smart Home in the third quarter valued at about $1,020,000. Jane Street Group LLC acquired a new stake in Vivint Smart Home in the 3rd quarter worth about $131,000. BNP Paribas Arbitrage SNC bought a new stake in Vivint Smart Home in the 3rd quarter valued at about $235,000. Finally, Alliancebernstein L.P. grew its position in shares of Vivint Smart Home by 4.5% during the 3rd quarter. Alliancebernstein L.P. now owns 103,500 shares of the company's stock worth $681,000 after purchasing an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 71.52% of the company's stock.
About Vivint Smart Home
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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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