Zacks Investment Research upgraded shares of AlarmCom (NASDAQ:ALRM) from a hold rating to a buy rating in a research note published on Tuesday, Zacks.com reports. The firm currently has $54.00 price target on the software maker’s stock.
According to Zacks, “Alarm.com Holdings, Inc. offers interactive security solutions for home and business owners. The Company offers security systems which include image sensor, crash and smash protection, web control, mobile access and video monitoring. Alarm.com Holdings, Inc. is based in VIENNA, United States. “
ALRM has been the subject of a number of other research reports. BidaskClub cut AlarmCom from a hold rating to a sell rating in a research report on Wednesday, August 7th. Credit Suisse Group reduced their price objective on AlarmCom from $70.00 to $62.00 and set an outperform rating for the company in a research report on Friday, August 9th. Northland Securities reiterated a buy rating and set a $73.00 price objective on shares of AlarmCom in a research report on Friday, May 10th. Imperial Capital reiterated an in-line rating and set a $58.00 price objective (down previously from $64.00) on shares of AlarmCom in a research report on Tuesday. Finally, Bank of America reiterated a buy rating and set a $78.00 price objective (up previously from $67.00) on shares of AlarmCom in a research report on Friday, May 3rd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $67.70.
AlarmCom stock opened at $46.42 on Tuesday. The stock has a market cap of $2.27 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 3.54 and a beta of 1.38. AlarmCom has a one year low of $40.92 and a one year high of $71.50. The stock has a fifty day moving average of $50.67 and a 200 day moving average of $59.24.
AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The company had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $109.45 million. AlarmCom had a negative return on equity of 98.00% and a net margin of 5.05%. AlarmCom’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities research analysts anticipate that AlarmCom will post 1.11 EPS for the current fiscal year.
In other AlarmCom news, CFO Steve Valenzuela sold 1,083 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $57.99, for a total transaction of $62,803.17. Following the completion of the sale, the chief financial officer now owns 41,632 shares of the company’s stock, valued at $2,414,239.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ALRM. BlackRock Inc. boosted its stake in shares of AlarmCom by 11.9% in the second quarter. BlackRock Inc. now owns 5,650,949 shares of the software maker’s stock worth $302,326,000 after acquiring an additional 603,061 shares during the period. Brown Capital Management LLC boosted its stake in shares of AlarmCom by 39.2% in the second quarter. Brown Capital Management LLC now owns 4,488,606 shares of the software maker’s stock worth $240,140,000 after acquiring an additional 1,264,342 shares during the period. Vanguard Group Inc. boosted its stake in shares of AlarmCom by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,995,055 shares of the software maker’s stock worth $213,737,000 after acquiring an additional 109,046 shares during the period. Pictet Asset Management Ltd. boosted its stake in shares of AlarmCom by 43.6% in the second quarter. Pictet Asset Management Ltd. now owns 749,691 shares of the software maker’s stock worth $40,108,000 after acquiring an additional 227,691 shares during the period. Finally, Norges Bank bought a new position in shares of AlarmCom in the fourth quarter worth about $33,739,000. 93.31% of the stock is owned by institutional investors and hedge funds.
Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.
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