ADI Global Distribution Inc. Common Stock (NYSE:ADIG) Coverage Initiated by Analysts at Seaport Research Partners

Seaport Research Partners initiated coverage on shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) in a report issued on Friday morning, Marketbeat reports. The firm issued a buy rating and a $35.00 price target on the stock.

ADIG has been the topic of several other research reports. JPMorgan Chase & Co. started coverage on ADI Global Distribution Inc. Common Stock in a report on Friday, August 7th. They issued a “neutral” rating and a $25.00 target price on the stock. Oppenheimer started coverage on shares of ADI Global Distribution Inc. Common Stock in a research report on Tuesday, August 4th. They issued an “outperform” rating and a $30.00 price objective on the stock. Finally, Zacks Research raised shares of ADI Global Distribution Inc. Common Stock to a “hold” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, ADI Global Distribution Inc. Common Stock has a consensus rating of “Hold” and a consensus target price of $27.50.

ADI Global Distribution Inc. Common Stock Price Performance

ADIG opened at $21.30 on Friday. ADI Global Distribution Inc. Common Stock has a 1-year low of $21.00 and a 1-year high of $30.99.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ADI Global Distribution Inc. Common Stock stock. J.Safra Asset Management Corp acquired a new position in shares of ADI Global Distribution Inc. Common Stock (NYSE:ADIG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,145 shares of the company’s stock, valued at approximately $1,175,000.

About ADI Global Distribution Inc. Common Stock

ADI Global Distribution, Inc is a wholesale distributor serving the security, low-voltage, and smart-building technology markets. The company supplies products from multiple manufacturers to professional installers, systems integrators, contractors, and other channel partners rather than selling primarily to consumers.

Its product categories include video surveillance equipment, access-control systems, intrusion and fire-alarm products, networking and data-communications equipment, audio-visual solutions, smart-home technologies, and related wire, cable, and installation accessories.