Short Interest in Vantiv Drops By 33.5% (VNTV)
Shares of Vantiv (NYSE:VNTV) saw a large decrease in short interest in the month of June. As of June 13th, there was short interest totalling 2,975,842 shares, a decrease of 33.5% from the May 30th total of 4,471,798 shares, American Banking & Market News reports. Based on an average daily volume of 1,273,230 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.1% of the company’s stock are sold short.
In other Vantiv news, Insider Donald Boeding sold 6,266 shares of the company’s stock on the open market in a transaction dated Monday, July 7th. The stock was sold at an average price of $34.00, for a total value of $213,044.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on VNTV shares. Analysts at Morgan Stanley initiated coverage on shares of Vantiv in a research note on Wednesday. They set an “overweight” rating and a $39.00 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of Vantiv in a research note on Tuesday. They set a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Vantiv in a research note on Monday. They set an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Vantiv has an average rating of “Buy” and a consensus price target of $34.57.
Shares of Vantiv (NYSE:VNTV) opened at 34.20 on Thursday. Vantiv has a 52-week low of $25.21 and a 52-week high of $34.46. The stock has a 50-day moving average of $32.40 and a 200-day moving average of $31.2. The company has a market cap of $4.727 billion and a P/E ratio of 38.86.
Vantiv (NYSE:VNTV) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.02. The company had revenue of $288.50 million for the quarter, compared to the consensus estimate of $289.40 million. On average, analysts predict that Vantiv will post $1.87 earnings per share for the current fiscal year.
Vantiv, Inc, formerly Advent-Kong Blocker Corp. is a holding company that conducts its operations through its majority-owned subsidiaries, Vantiv Holding, LLC (NYSE:VNTV) and Transactive Ecommerce Solutions Inc (Transactive).