SCP Investment LP purchased a new stake in View, Inc. (NASDAQ:VIEW) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,450,000 shares of the company’s stock, valued at approximately $10,730,000. View comprises 3.2% of SCP Investment LP’s holdings, making the stock its 8th biggest holding.
Other institutional investors have also added to or reduced their stakes in the company. Corbenic Partners LLC purchased a new stake in View in the first quarter valued at about $37,000. Envestnet Asset Management Inc. purchased a new stake in View in the first quarter valued at about $84,000. Mercer Global Advisors Inc. ADV purchased a new stake in View in the first quarter valued at about $85,000. Cambridge Investment Research Advisors Inc. purchased a new stake in View in the first quarter valued at about $87,000. Finally, HighTower Advisors LLC purchased a new stake in View in the first quarter valued at about $86,000. Institutional investors own 43.50% of the company’s stock.
A number of brokerages have recently weighed in on VIEW. The Goldman Sachs Group began coverage on View in a report on Monday, April 26th. They issued a “buy” rating and a $11.00 price objective on the stock. Cantor Fitzgerald began coverage on View in a report on Monday, March 22nd. They issued an “overweight” rating and a $16.00 price objective on the stock. Finally, Raymond James initiated coverage on View in a report on Wednesday, May 19th. They issued an “outperform” rating and a $11.00 price objective on the stock.
View (NASDAQ:VIEW) last released its earnings results on Wednesday, May 12th. The company reported ($1.11) earnings per share for the quarter. The firm had revenue of $11.81 million during the quarter. Equities research analysts forecast that View, Inc. will post -1.53 EPS for the current year.
View Operating Corporation, a technology company, develops, manufactures, and sells smart building products. Its product portfolio includes View Smart Glass that comprise electrochromic glass panels in the form of insulating glass units; View Net, a cloud-connected network infrastructure offering that can incorporate and power smart building devices; View Immersive Experiences, which transforms View Smart Glass windows into transparent, digital, and interactive surfaces; View Sense modules to measure and optimize light, humidity, temperature, air quality, dust, and noise; and View Smart Protect, an intrusion detection solution that can be deployed on View Smart Glass windows to improve the security of a building by detecting glass breakage.
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