AlarmCom (NASDAQ:ALRM) had its price objective decreased by Imperial Capital from $58.00 to $51.00 in a research note released on Thursday, Briefing.com Automated Import reports. Imperial Capital currently has an in-line rating on the software maker’s stock.
A number of other equities research analysts have also issued reports on the company. Roth Capital set a $51.00 target price on AlarmCom and gave the company a hold rating in a research report on Thursday, October 10th. ValuEngine lowered AlarmCom from a buy rating to a hold rating in a research report on Friday, July 26th. Credit Suisse Group dropped their target price on AlarmCom from $70.00 to $62.00 and set an outperform rating on the stock in a research report on Friday, August 9th. Zacks Investment Research lowered AlarmCom from a buy rating to a hold rating in a research report on Monday, October 28th. Finally, BidaskClub raised AlarmCom from a sell rating to a hold rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. AlarmCom has an average rating of Buy and an average price target of $65.70.
AlarmCom stock traded down $2.01 during mid-day trading on Thursday, hitting $45.37. The stock had a trading volume of 419,900 shares, compared to its average volume of 432,374. The stock has a 50-day simple moving average of $47.78 and a two-hundred day simple moving average of $52.73. AlarmCom has a 12 month low of $43.52 and a 12 month high of $71.50. The stock has a market capitalization of $2.50 billion, a PE ratio of 34.63, a P/E/G ratio of 3.31 and a beta of 1.39.
AlarmCom (NASDAQ:ALRM) last announced its earnings results on Tuesday, November 5th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.12. AlarmCom had a negative return on equity of 105.06% and a net margin of 10.23%. The business had revenue of $127.90 million for the quarter, compared to analyst estimates of $114.62 million. During the same quarter last year, the firm earned $0.36 EPS. AlarmCom’s revenue for the quarter was up 14.4% compared to the same quarter last year. Research analysts forecast that AlarmCom will post 1.11 earnings per share for the current year.
In other AlarmCom news, insider Stephen Trundle sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $47.18, for a total value of $943,600.00. Following the completion of the transaction, the insider now directly owns 242,443 shares in the company, valued at $11,438,460.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 26.00% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Pearl River Capital LLC bought a new position in shares of AlarmCom during the 2nd quarter worth approximately $38,000. Tower Research Capital LLC TRC bought a new position in shares of AlarmCom during the 2nd quarter worth approximately $42,000. Private Capital Group LLC boosted its stake in shares of AlarmCom by 26.5% during the 2nd quarter. Private Capital Group LLC now owns 1,170 shares of the software maker’s stock worth $47,000 after acquiring an additional 245 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of AlarmCom during the 2nd quarter worth approximately $75,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of AlarmCom by 110.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,635 shares of the software maker’s stock worth $76,000 after acquiring an additional 857 shares during the period. Hedge funds and other institutional investors own 98.88% of the company’s stock.
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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