Brokerages expect that Vivint Smart Home, Inc. (NYSE:VVNT) will announce sales of $307.14 million for the current quarter, Zacks reports. Three analysts have issued estimates for Vivint Smart Home’s earnings, with estimates ranging from $303.50 million to $313.16 million. The company is scheduled to report its next earnings report after the market closes on Friday, August 14th.
On average, analysts expect that Vivint Smart Home will report full year sales of $1.24 billion for the current financial year, with estimates ranging from $1.24 billion to $1.25 billion. For the next fiscal year, analysts expect that the business will report sales of $1.38 billion, with estimates ranging from $1.34 billion to $1.43 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Vivint Smart Home.
Vivint Smart Home (NYSE:VVNT) last announced its earnings results on Friday, May 8th. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.29). The business had revenue of $303.23 million for the quarter, compared to analyst estimates of $308.14 million.
Several brokerages have issued reports on VVNT. Royal Bank of Canada reissued a “hold” rating and issued a $13.00 target price on shares of Vivint Smart Home in a research report on Sunday, May 10th. JPMorgan Chase & Co. raised shares of Vivint Smart Home from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Wednesday, July 22nd. Finally, Zacks Investment Research lowered shares of Vivint Smart Home from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.71.
Shares of VVNT opened at $15.35 on Thursday. Vivint Smart Home has a one year low of $8.51 and a one year high of $32.00. The business has a fifty day moving average price of $16.11.
In other Vivint Smart Home news, CEO Todd R. Pedersen acquired 25,367 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $11.58 per share, with a total value of $293,749.86. Following the completion of the purchase, the chief executive officer now directly owns 70,207 shares in the company, valued at approximately $812,997.06. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Todd R. Pedersen bought 20,614 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $11.80 per share, with a total value of $243,245.20. Following the transaction, the chief executive officer now directly owns 20,614 shares of the company’s stock, valued at approximately $243,245.20. The disclosure for this purchase can be found here. Insiders have acquired 50,302 shares of company stock worth $588,631 in the last ninety days. Insiders own 0.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley purchased a new position in shares of Vivint Smart Home in the first quarter worth $40,000. Citigroup Inc. bought a new stake in Vivint Smart Home in the 1st quarter valued at $45,000. Strs Ohio bought a new stake in Vivint Smart Home in the 2nd quarter valued at $310,000. UBS Group AG purchased a new stake in Vivint Smart Home in the 2nd quarter worth $446,000. Finally, SG Americas Securities LLC bought a new position in shares of Vivint Smart Home during the 2nd quarter valued at about $569,000. 76.48% of the stock is owned by institutional investors and hedge funds.
About Vivint Smart Home
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 smart home operating system; Vivint Assist, an AI-driven smart home automation and assistance software; internally developed smart devices; and extensible partner-neutral ecosystem.
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