UPDATE: RBC Capital Assumes Vivent Smart Home (VVNT) at Outperform

September 2, 2021 4:17 PM EDT
Get Alerts VVNT Hot Sheet
Price: $8.75 --0%

Rating Summary:
    5 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 8 | New: 25
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(Updated - September 2, 2021 4:23 PM EDT)

RBC Capital analyst Ashish Sabadra initiates coverage on Vivent Smart Home (NYSE: VVNT) with a Outperform rating and a price target of $15.00.

The analyst commented, "VVNT has a proprietary end-to-end solution and delivered accelerated subscriber and revenue growth with a focus on the smart home. The company increased the cash collected upfront, lowered SAC, and lowered service costs, which has expanded margins and turned cash flow positive in 2020. The new CEO, David Bywater, is focused on enhancing customer value, scaling operations, and accelerating growth through partnerships (Solar, Insurance, and potentially 2-3 other areas). Despite the accelerated growth, valuations are attractive, trading under 8x EV/EBITDA. Accordingly, we initiate with an Outperform rating and a $15 PT."

For an analyst ratings summary and ratings history on Vivent Smart Home click here. For more ratings news on Vivent Smart Home click here.

Shares of Vivent Smart Home closed at $12.79 yesterday.

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