Vivint Smart Home, Inc. (NYSE:VVNT – Get Rating) reached a new 52-week high during trading on Monday . The stock traded as high as $11.97 and last traded at $11.95, with a volume of 741256 shares. The stock had previously closed at $11.95.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Evercore ISI boosted their price objective on shares of Vivint Smart Home to $7.00 in a report on Tuesday, November 15th. JPMorgan Chase & Co. lowered shares of Vivint Smart Home from an "overweight" rating to a "neutral" rating in a report on Wednesday, December 7th. Royal Bank of Canada boosted their price objective on shares of Vivint Smart Home from $9.00 to $12.00 and gave the company a "sector perform" rating in a report on Wednesday, December 7th. Finally, Morgan Stanley lifted their target price on Vivint Smart Home from $7.90 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 7th.
Get Vivint Smart Home alerts:Vivint Smart Home Price Performance
The stock has a market cap of $2.55 billion, a PE ratio of -19.93 and a beta of 0.97. The company has a 50-day simple moving average of $11.25 and a 200-day simple moving average of $8.18.
Vivint Smart Home (NYSE:VVNT – Get Rating) last released its earnings results on Tuesday, November 8th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.12. The business had revenue of $439.37 million for the quarter, compared to analysts' expectations of $410.24 million. On average, equities analysts expect that Vivint Smart Home, Inc. will post -0.51 EPS for the current fiscal year.Institutional Investors Weigh In On Vivint Smart Home
Several hedge funds have recently modified their holdings of the stock. Nordwand Advisors LLC purchased a new stake in shares of Vivint Smart Home during the 4th quarter valued at about $47,130,000. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Vivint Smart Home during the 4th quarter valued at about $5,948,000. Bank of New York Mellon Corp raised its holdings in shares of Vivint Smart Home by 10.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 291,686 shares of the company's stock valued at $1,919,000 after buying an additional 28,604 shares during the period. Toroso Investments LLC purchased a new stake in shares of Vivint Smart Home during the 3rd quarter valued at about $88,000. Finally, Drive Wealth Management LLC purchased a new stake in shares of Vivint Smart Home during the 3rd quarter valued at about $1,020,000.
Vivint Smart Home Company Profile
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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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