BrightView (NYSE:BV) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

BrightView Holdings, Inc. (NYSE:BV – Get Free Report) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $10.78 and traded as high as $10.89. BrightView shares last traded at $10.8250, with a volume of 831,080 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BV shares. Wall Street Zen raised shares of BrightView from a “sell” rating to a “hold” rating in a research report on Saturday. Robert W. Baird set a $14.00 price objective on shares of BrightView in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research report on Friday, July 31st. Zacks Research raised BrightView from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Morgan Stanley cut their target price on BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.93.

Get Our Latest Stock Analysis on BV

BrightView Stock Up 1.0%

The firm’s fifty day moving average price is $10.78 and its two-hundred day moving average price is $12.36. The stock has a market capitalization of $1.01 billion, a PE ratio of -43.30 and a beta of 1.20.

BrightView (NYSE:BV – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). The company had revenue of $717.60 million for the quarter, compared to the consensus estimate of $726.13 million. During the same quarter last year, the business posted $0.30 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts predict that BrightView Holdings, Inc. will post 0.40 EPS for the current year.

Insider Buying and Selling

In other news, Director William Cornog purchased 50,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were purchased at an average cost of $11.25 per share, with a total value of $562,500.00. Following the acquisition, the director directly owned 70,000 shares of the company’s stock, valued at $787,500. This represents a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Institutional Trading of BrightView

Several large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in BrightView during the second quarter valued at $41,000. Janney Montgomery Scott LLC bought a new position in BrightView in the first quarter valued at about $145,000. Mcmorgan & Co. LLC purchased a new position in BrightView in the second quarter worth about $176,000. Sequoia Financial Advisors LLC purchased a new position in BrightView in the second quarter worth about $182,000. Finally, Amundi purchased a new position in BrightView in the first quarter worth about $234,000. Institutional investors own 92.41% of the company’s stock.

BrightView Company Profile

(Get Free Report)

BrightView Holdings, Inc (NYSE: BV) is a provider of commercial landscaping services in the United States. Through its maintenance operations, the company helps businesses, government facilities, sports venues, education campuses, healthcare properties and other organizations manage and maintain outdoor spaces.

BrightView’s services include landscape design and development, ongoing landscape maintenance, tree care, irrigation management, water conservation and snow and ice removal. Its landscape development work can include the installation of plants, turf, hardscapes, irrigation systems and other outdoor features, while its maintenance services are intended to support the appearance, health and functionality of managed properties.

The company was formed in 2014 through the combination of Brickman and ValleyCrest, two established landscaping businesses, and became a publicly traded company in 2018.

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