ADT (NYSE:ADT) Sees Unusually-High Trading Volume – Time to Buy?

Shares of ADT Inc. (NYSE:ADT) saw unusually-strong trading volume on Monday. 13,345,667 shares changed hands during trading, an increase of 22% from the average daily volume of 10,937,531 shares. The stock last traded at $9.9150 and had previously closed at $9.86.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ADT shares. BTIG Research began coverage on ADT in a report on Monday, August 17th. They issued a “neutral” rating for the company. Barclays raised shares of ADT from an “underweight” rating to an “equal weight” rating and set a $10.00 price objective on the stock in a report on Wednesday, November 4th. Weiss Ratings upgraded shares of ADT from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 29th. Finally, Morgan Stanley reduced their target price on shares of ADT from $7.75 to $7.25 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, ADT currently has a consensus rating of “Hold” and an average price target of $8.73.

ADT Price Performance

The business has a 50 day simple moving average of $7.22 and a two-hundred day simple moving average of $7.14. The firm has a market capitalization of $7.24 billion, a P/E ratio of 13.40 and a beta of 0.95. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.38 and a current ratio of 0.47.

ADT (NYSE:ADT) last issued its quarterly earnings results on Tuesday, November 3rd. The security and automation business reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. ADT had a net margin of 11.85% and a return on equity of 18.57%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, sell-side analysts expect that ADT Inc. will post 0.90 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ADT. PNC Financial Services Group Inc. increased its stake in shares of ADT by 151.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,957 shares of the security and automation business’s stock valued at $33,000 after buying an additional 2,985 shares during the period. Elevation Wealth Partners LLC lifted its stake in ADT by 1,646.1% in the third quarter. Elevation Wealth Partners LLC now owns 6,094 shares of the security and automation business’s stock worth $37,000 after acquiring an additional 5,745 shares during the period. Parallel Advisors LLC lifted its stake in ADT by 154.0% in the first quarter. Parallel Advisors LLC now owns 7,451 shares of the security and automation business’s stock worth $49,000 after acquiring an additional 4,518 shares during the period. GAMMA Investing LLC boosted its holdings in ADT by 129.6% in the second quarter. GAMMA Investing LLC now owns 7,709 shares of the security and automation business’s stock valued at $50,000 after acquiring an additional 4,352 shares in the last quarter. Finally, StoneX Group Inc. bought a new stake in ADT in the third quarter valued at $61,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

About ADT

ADT Inc provides professionally monitored security, automation and smart-home services to residential customers and businesses in the United States. Its offerings include intrusion detection, video surveillance, fire and life-safety systems, and remote monitoring and control through connected devices and mobile apps.

The company also serves commercial customers with security solutions such as access control, video surveillance and fire protection. ADT provides installation, maintenance and monitoring services, with offerings tailored to homes, small businesses and larger organizations.

ADT traces its roots to 1874, when American District Telegraph was established to provide telegraph-based alert services.