Smart Home

Vivint Smart Home (NYSE:VVNT) Price Target Raised to $23.00

Vivint Smart Home logoVivint Smart Home (NYSE:VVNT) had its price objective increased by equities research analysts at Morgan Stanley from $21.00 to $23.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 25.34% from the stock’s previous close.

A number of other equities research analysts have also issued reports on VVNT. JPMorgan Chase & Co. increased their target price on Vivint Smart Home from $30.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on Vivint Smart Home from $24.00 to $21.00 and set a “hold” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $20.29.

Shares of NYSE VVNT traded down $0.95 during trading on Thursday, hitting $18.35. 17,144 shares of the company were exchanged, compared to its average volume of 343,728. Vivint Smart Home has a 12-month low of $8.51 and a 12-month high of $32.00. The firm has a market capitalization of $3.74 billion, a PE ratio of 124.57 and a beta of 0.41. The company has a fifty day moving average price of $20.45 and a 200-day moving average price of $19.42.

A number of large investors have recently added to or reduced their stakes in VVNT. Blackstone Group Inc grew its stake in shares of Vivint Smart Home by 8.9% in the third quarter. Blackstone Group Inc now owns 117,366,254 shares of the company’s stock worth $2,004,616,000 after acquiring an additional 9,633,858 shares during the period. BlackRock Inc. grew its holdings in shares of Vivint Smart Home by 13.7% in the fourth quarter. BlackRock Inc. now owns 4,592,865 shares of the company’s stock worth $95,302,000 after purchasing an additional 552,687 shares during the last quarter. State Street Corp lifted its position in shares of Vivint Smart Home by 0.5% during the third quarter. State Street Corp now owns 1,252,362 shares of the company’s stock valued at $21,390,000 after buying an additional 5,867 shares during the last quarter. Northern Trust Corp raised its position in shares of Vivint Smart Home by 2.8% in the 4th quarter. Northern Trust Corp now owns 796,293 shares of the company’s stock valued at $16,523,000 after purchasing an additional 21,594 shares during the last quarter. Finally, Hood River Capital Management LLC increased its holdings in Vivint Smart Home by 31.6% in the 4th quarter. Hood River Capital Management LLC now owns 596,086 shares of the company’s stock worth $12,369,000 after buying an additional 143,208 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Vivint Smart Home Company Profile

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; Vivint Assist, an 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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Analyst Recommendations for Vivint Smart Home (NYSE:VVNT)

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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; Vivint Assist, an 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.

Source: https://rivertonroll.com/news/2021/02/25/vivint-smart-home-nysevvnt-price-target-raised-to-23-00.html

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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