Alarm.com Holdings Inc. (ALRM) Hits New 1-Year High at $28.67
Alarm.com Holdings Inc. (NASDAQ:ALRM) shares reached a new 52-week high on Wednesday . The company traded as high as $28.67 and last traded at $28.48, with a volume of 24,269 shares traded. The stock had previously closed at $28.33.
A number of research analysts have weighed in on the company. First Analysis assumed coverage on Alarm.com Holdings in a report on Thursday, July 7th. They set an “overweight” rating and a $32.00 target price on the stock. BB&T Corp. began coverage on Alarm.com Holdings in a research note on Wednesday, June 15th. They issued a “buy” rating and a $27.00 price target on the stock. Zacks Investment Research downgraded Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Bank of America Corp. restated a “buy” rating and issued a $28.00 price target (up previously from $25.00) on shares of Alarm.com Holdings in a research note on Friday, June 24th. Finally, William Blair restated an “outperform” rating on shares of Alarm.com Holdings in a research note on Saturday, June 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Alarm.com Holdings presently has a consensus rating of “Buy” and a consensus target price of $25.07.
The firm’s market cap is $1.30 billion. The company’s 50 day moving average is $25.77 and its 200 day moving average is $21.58.
Alarm.com Holdings (NASDAQ:ALRM) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm earned $59 million during the quarter, compared to the consensus estimate of $53.83 million. Alarm.com Holdings’s quarterly revenue was up 28.3% compared to the same quarter last year. Analysts anticipate that Alarm.com Holdings Inc. will post $0.48 earnings per share for the current year.
Alarm.com Holdings, Inc is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Company operates through two segments: Alarm.com and Other. The Company’s Alarm.com segment represents its cloud-based platform for the connected home and related connected home solutions.
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