Vivint Smart Home (NYSE:VVNT) Trading 2.2% Higher

Vivint Smart Home, Inc. (NYSE:VVNTGet Rating) traded up 2.2% during trading on Friday . The company traded as high as $6.87 and last traded at $6.86. 8,027 shares were traded during mid-day trading, a decline of 98% from the average session volume of 342,136 shares. The stock had previously closed at $6.71.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore ISI decreased their price target on Vivint Smart Home from $8.00 to $6.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 28th. JPMorgan Chase & Co. decreased their price target on Vivint Smart Home from $11.00 to $10.00 in a research report on Monday, June 13th. Finally, Morgan Stanley reduced their price objective on Vivint Smart Home from $8.00 to $7.50 and set an “equal weight” rating on the stock in a research note on Tuesday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.30.

Vivint Smart Home Stock Up 0.9 %

The firm has a 50 day moving average of $5.61 and a two-hundred day moving average of $5.63. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -7.28 and a beta of 1.13.

Institutional Trading of Vivint Smart Home

Large investors have recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Vivint Smart Home by 6.2% during the first quarter. State Street Corp now owns 1,943,278 shares of the company’s stock valued at $13,137,000 after purchasing an additional 113,145 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Vivint Smart Home by 15.3% during the first quarter. 1832 Asset Management L.P. now owns 1,500,002 shares of the company’s stock valued at $10,001,000 after purchasing an additional 198,720 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Vivint Smart Home by 39.1% during the first quarter. Panagora Asset Management Inc. now owns 456,345 shares of the company’s stock valued at $3,085,000 after purchasing an additional 128,330 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Vivint Smart Home by 103.8% during the second quarter. Los Angeles Capital Management LLC now owns 419,385 shares of the company’s stock valued at $1,459,000 after purchasing an additional 213,556 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Vivint Smart Home by 2.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 404,200 shares of the company’s stock valued at $2,733,000 after purchasing an additional 9,660 shares in the last quarter. 71.52% of the stock is owned by institutional investors and hedge funds.

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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