Alarm.com Holdings Inc. (NASDAQ:ALRM)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $30.16 and last traded at $30.08, with a volume of 193,870 shares traded. The stock had previously closed at $29.64.

ALRM has been the subject of a number of analyst reports. BB&T Corp. initiated coverage on shares of Alarm.com Holdings in a research report on Wednesday, June 15th. They set a “buy” rating and a $27.00 price objective for the company. William Blair restated an “outperform” rating on shares of Alarm.com Holdings in a research report on Saturday, June 25th. Zacks Investment Research downgraded shares of Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Imperial Capital restated an “outperform” rating and set a $24.50 price objective on shares of Alarm.com Holdings in a research report on Thursday, June 16th. Finally, Bank of America Corp. restated a “buy” rating and set a $28.00 price objective (up previously from $25.00) on shares of Alarm.com Holdings in a research report on Friday, June 24th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Alarm.com Holdings has an average rating of “Buy” and an average target price of $25.07.

The firm has a 50-day moving average price of $27.24 and a 200-day moving average price of $22.38. The company’s market cap is $1.36 billion.

Alarm.com Holdings (NASDAQ:ALRM) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business earned $59 million during the quarter, compared to analyst estimates of $53.83 million. The firm’s revenue was up 28.3% compared to the same quarter last year. Equities analysts predict 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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