ADT (NYSE:ADT) Downgraded to Buy Rating by Wall Street Zen

ADT (NYSE:ADT) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other equities analysts also recently commented on ADT. Citigroup upped their price objective on ADT from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Zacks Research cut ADT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Morgan Stanley increased their target price on ADT from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, ADT has an average rating of “Hold” and an average price target of $9.34.

ADT Stock Down 0.1%

Shares of ADT stock opened at $8.80 on Friday. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 13.33 and a beta of 1.13. The company has a quick ratio of 0.37, a current ratio of 0.46 and a debt-to-equity ratio of 1.84. The firm has a fifty day moving average of $8.61 and a 200-day moving average of $8.34. ADT has a 12-month low of $6.68 and a 12-month high of $8.94.

ADT (NYSE:ADT) last released its earnings results on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. ADT had a net margin of 12.30% and a return on equity of 18.58%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $0.17 EPS. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. As a group, equities research analysts predict that ADT will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $8.31, for a total value of $590,010,000.00. Following the sale, the insider directly owned 112,650,366 shares of the company’s stock, valued at approximately $936,124,541.46. The trade was a 38.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its stake in ADT by 39.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,351 shares of the security and automation business’s stock valued at $37,000 after purchasing an additional 1,240 shares during the last quarter. GAMMA Investing LLC grew its holdings in ADT by 69.5% in the second quarter. GAMMA Investing LLC now owns 3,240 shares of the security and automation business’s stock worth $27,000 after purchasing an additional 1,329 shares during the period. Forum Financial Management LP grew its holdings in shares of ADT by 5.2% during the first quarter. Forum Financial Management LP now owns 29,446 shares of the security and automation business’s stock valued at $240,000 after buying an additional 1,445 shares during the last quarter. Poinciana Advisors Group LLC grew its holdings in shares of ADT by 9.1% during the second quarter. Poinciana Advisors Group LLC now owns 17,544 shares of the security and automation business’s stock valued at $149,000 after buying an additional 1,470 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in ADT by 4.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 41,189 shares of the security and automation business’s stock worth $349,000 after purchasing an additional 1,607 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.