Alarm.com Holdings Inc. (NASDAQ:ALRM) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $29.48 and last traded at $29.11, with a volume of 80,561 shares trading hands. The stock had previously closed at $28.47.

Several research analysts have issued reports on the company. First Analysis assumed coverage on Alarm.com Holdings in a research report on Thursday, July 7th. They set an “overweight” rating and a $32.00 target price for the company. BB&T Corp. assumed coverage on Alarm.com Holdings in a research report on Wednesday, June 15th. They set a “buy” rating and a $27.00 target price for the company. Bank of America Corp. restated a “buy” rating and set a $28.00 target price (up previously from $25.00) on shares of Alarm.com Holdings in a research report on Friday, June 24th. Zacks Investment Research lowered Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, William Blair restated an “outperform” rating on shares of Alarm.com Holdings in a research report on Saturday, June 25th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Alarm.com Holdings presently has an average rating of “Buy” and an average price target of $25.07.

The stock’s market capitalization is $1.34 billion. The stock’s 50 day moving average price is $26.53 and its 200 day moving average price is $21.99.

Alarm.com Holdings (NASDAQ:ALRM) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. The business earned $59 million during the quarter, compared to analyst estimates of $53.83 million. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. Equities research analysts expect that Alarm.com Holdings Inc. will post $0.48 EPS for the current fiscal 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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