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

A number of research analysts have commented on ALRM shares. BB&T Corp. started coverage on shares of Alarm.com Holdings in a research report on Wednesday, June 15th. They set a “buy” rating and a $27.00 target price on the stock. Imperial Capital reissued an “outperform” rating and set a $24.50 target price on shares of Alarm.com Holdings in a research report on Thursday, June 16th. Bank of America Corp. reissued 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. William Blair reissued an “outperform” rating on shares of Alarm.com Holdings in a research report on Saturday, June 25th. Finally, First Analysis started coverage on shares of Alarm.com Holdings in a research report on Thursday, July 7th. They set an “overweight” rating and a $32.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $25.07.

The stock’s market cap is $1.34 billion. The stock has a 50-day moving average price of $26.96 and a 200 day moving average price of $22.10.

Alarm.com Holdings (NASDAQ:ALRM) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $59 million for the quarter, compared to analyst estimates of $53.83 million. Alarm.com Holdings’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, analysts forecast 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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