Allspring Global Investments Holdings LLC Increases Stock Holdings In Vivint Smart Home, Inc. (NYSE:VVNT)

Allspring Global Investments Holdings LLC raised its stake in Vivint Smart Home, Inc. (NYSE:VVNT - Earn Rating ) was 93.8% in the second quarter, according to the company's most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,874 shares of the company’s stock after purchasing an additional 30,430 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Vint Smart Home were worth $218,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Prelude Capital Management LLC purchased a new position in shares of Vivint Smart Home in the first quarter valued at approximately $70,000. Solidarilty Wealth LLC purchased a new position in shares of Vivin Smart Home during the first quarter valued at about $64,000. Kestra Advisory Services LLC acquired a new position in shares of Vivin Smart Home during the first quarter valued at approximately $86,000. Keebeck Alpha LP acquired a new position in shares of Vivint Smart Home in the first quarter valued at about $88,000. Finally, Keybank National Association OH bought a new stake in Vivint Smart Home in the first quarter valued at about $92,000. 71.52% of the company's shares are owned by hedge funds and other institutional investors.

Wall Street analysts say so.

Separately, Morgan Stanley cut their price target on Vivint Smart Home from $7.50 to $7.30 and gave the stock an “equal weight” rating in a research note on Monday, October 17th.

Vivint Smart Home stock figures

NYSE:VVNT opened at $7.54 on Thursday. Vivint Smart Home, Inc. It has a 1-year low of $3.26 and a 1-year high of $13.29. The 50 day simple moving average is $6.65 and the 200 day simple moving average is $5.60. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -8.11 and a beta of 1.02.

Vivint Smart Home (NYSE:VVNT - Get Rating ) last posted its quarterly earnings on August 9th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.31. The business had revenue of $407.28 million for the quarter, compared to analyst estimates of $392.37 million. On average, stock analysts Vivint Smart Home, Inc. It records -0.75 EPS for the year.

About Vivint smart home

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Vivint Smart Home, Inc. Based primarily in the US and Canada, it sells, installs, maintains and monitors smart home and security systems. The company's smart home platform includes a cloud-based smart home operating system. AI-based smart home automation and support software; smart home appliances with software; and technology services to train, manage and support smart homes.

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Institutional Ownership by Neighborhood for Vivint Smart Home (NYSE: VVNT)

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