Napco Security Technologies, Inc. (NASDAQ:NSSC) Receives Average Rating of "Moderate Buy" from Brokerages – MarketBeat
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Napco Security Technologies, Inc. (NASDAQ:NSSC – Get Rating) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $34.80.
A number of equities analysts recently commented on the stock. Lake Street Capital raised their price target on shares of Napco Security Technologies from $23.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Canaccord Genuity Group raised their target price on shares of Napco Security Technologies from $36.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, September 22nd. Canaccord Genuity Group raised their target price on shares of Napco Security Technologies from $36.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, September 22nd. Needham & Company LLC raised their target price on shares of Napco Security Technologies from $33.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, November 8th. Finally, StockNews.com began coverage on shares of Napco Security Technologies in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.
Insider Activity at Napco Security Technologies
In related news, SVP Michael Carrieri sold 9,000 shares of Napco Security Technologies stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $26.05, for a total transaction of $234,450.00. Following the sale, the senior vice president now directly owns 5,200 shares in the company, valued at approximately $135,460. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Michael Carrieri sold 9,000 shares of Napco Security Technologies stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $26.05, for a total transaction of $234,450.00. Following the sale, the senior vice president now directly owns 5,200 shares in the company, valued at approximately $135,460. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul Stephen Beeber sold 1,731 shares of Napco Security Technologies stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $26.10, for a total transaction of $45,179.10. Following the sale, the director now owns 5,016 shares in the company, valued at $130,917.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,282,173 shares of company stock valued at $31,798,676. 21.50% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of NSSC. SG Americas Securities LLC lifted its position in shares of Napco Security Technologies by 26.6% in the 1st quarter. SG Americas Securities LLC now owns 12,734 shares of the industrial products company’s stock worth $261,000 after purchasing an additional 2,674 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Napco Security Technologies by 71.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 42,352 shares of the industrial products company’s stock valued at $869,000 after acquiring an additional 17,702 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Napco Security Technologies by 100.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 19,439 shares of the industrial products company’s stock valued at $398,000 after acquiring an additional 9,731 shares during the period. Victory Capital Management Inc. lifted its position in shares of Napco Security Technologies by 54.6% during the 1st quarter. Victory Capital Management Inc. now owns 432,660 shares of the industrial products company’s stock valued at $8,403,000 after acquiring an additional 152,804 shares during the period. Finally, Advisor Group Holdings Inc. lifted its position in shares of Napco Security Technologies by 190.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 13,579 shares of the industrial products company’s stock valued at $279,000 after acquiring an additional 8,905 shares during the period. Institutional investors and hedge funds own 67.49% of the company’s stock.
Napco Security Technologies Stock Performance
NASDAQ:NSSC opened at $26.66 on Monday. Napco Security Technologies has a 52 week low of $15.39 and a 52 week high of $31.30. The firm has a market cap of $979.57 million, a price-to-earnings ratio of 55.54 and a beta of 1.13. The firm’s 50-day simple moving average is $27.34 and its 200 day simple moving average is $25.23.
About Napco Security Technologies
(Get Rating)
Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.
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