Equities research analysts expect that Vivint Smart Home, Inc. (NYSE:VVNT) will announce sales of $317.79 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Vivint Smart Home’s earnings. The lowest sales estimate is $311.20 million and the highest is $323.26 million. The company is scheduled to report its next earnings report on Thursday, November 5th.

On average, analysts expect that Vivint Smart Home will report full-year sales of $1.26 billion for the current year, with estimates ranging from $1.26 billion to $1.27 billion. For the next year, analysts forecast that the firm will report sales of $1.38 billion, with estimates ranging from $1.35 billion to $1.41 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Vivint Smart Home.

Vivint Smart Home (NYSE:VVNT) last issued its earnings results on Thursday, August 6th. The company reported ($0.49) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.57) by $0.08. The business had revenue of $306.00 million for the quarter, compared to the consensus estimate of $307.14 million.

VVNT has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Vivint Smart Home from a “buy” rating to a “sell” rating in a research note on Friday, August 14th. Morgan Stanley began coverage on shares of Vivint Smart Home in a research note on Tuesday, August 11th. They set an “equal weight” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Vivint Smart Home in a research report on Thursday, August 13th. Finally, Deutsche Bank raised shares of Vivint Smart Home from a “hold” rating to a “buy” rating and lifted their price target for the company from $15.00 to $20.00 in a report on Wednesday, September 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Vivint Smart Home has an average rating of “Hold” and an average target price of $17.63.

Shares of NYSE:VVNT traded down $0.21 during midday trading on Friday, hitting $17.17. 3,584 shares of the stock were exchanged, compared to its average volume of 398,126. Vivint Smart Home has a 52-week low of $8.51 and a 52-week high of $32.00. The business’s fifty day simple moving average is $17.21 and its two-hundred day simple moving average is $15.04. The company has a market capitalization of $3.23 billion, a PE ratio of 124.14 and a beta of 0.39.

In other Vivint Smart Home news, CEO Todd R. Pedersen purchased 20,959 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of $17.64 per share, with a total value of $369,716.76. Following the purchase, the chief executive officer now directly owns 103,176 shares of the company’s stock, valued at $1,820,024.64. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley acquired a new stake in Vivint Smart Home in the 1st quarter valued at about $40,000. Citigroup Inc. acquired a new position in Vivint Smart Home during the first quarter worth approximately $45,000. Bank of Montreal Can acquired a new position in Vivint Smart Home during the second quarter worth approximately $89,000. Ameritas Investment Partners Inc. acquired a new position in Vivint Smart Home during the second quarter worth approximately $107,000. Finally, Sei Investments Co. acquired a new position in Vivint Smart Home during the second quarter worth approximately $252,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

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 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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Earnings History and Estimates for Vivint Smart Home (NYSE:VVNT)

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