Analysts Set Polycom Inc (PLCM) PT at $13.00
Polycom Inc (NASDAQ:PLCM) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the company. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.00.
Separately, Zacks Investment Research raised Polycom from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th.
Institutional investors have recently added to or reduced their stakes in the company. Kassirer Asset Management Corp bought a new position in Polycom during the second quarter worth about $113,000. Cowen Prime Services LLC bought a new position in Polycom during the second quarter worth about $120,000. Oakbrook Investments LLC raised its position in Polycom by 11.0% in the second quarter. Oakbrook Investments LLC now owns 11,100 shares of the company’s stock worth $125,000 after buying an additional 1,100 shares in the last quarter. Hsbc Holdings PLC raised its position in Polycom by 1.5% in the second quarter. Hsbc Holdings PLC now owns 11,926 shares of the company’s stock worth $134,000 after buying an additional 174 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new position in Polycom during the second quarter worth about $191,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.
Polycom, Inc (Polycom) offers solutions for voice, video and content sharing and a line of support and service solutions. The Company operates in Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC) geographic segments. The Company’s video, voice and content-management and content-sharing solutions include applications for mobile devices, browser-based video collaboration, cloud-delivered services, conference room systems and home/work office solutions and immersive telepresence.
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