Alarm.com Holdings Inc. (ALRM) Sees Large Volume Increase
Alarm.com Holdings Inc. (NASDAQ:ALRM) shares saw unusually-strong trading volume on Thursday . Approximately 186,967 shares traded hands during trading, an increase of 35% from the previous session’s volume of 138,084 shares.The stock last traded at $30.07 and had previously closed at $29.96.
A number of equities analysts have recently commented on ALRM shares. Imperial Capital downgraded shares of Alarm.com Holdings from an “outperform” rating to an “in-line” rating and set a $24.50 price objective for the company. in a research note on Tuesday, June 21st. William Blair restated an “outperform” rating on shares of Alarm.com Holdings in a research note 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 note on Tuesday, July 12th. Bank of America Corp. restated a “buy” rating and set a $28.00 price objective (up from $25.00) on shares of Alarm.com Holdings in a research note on Friday, June 24th. Finally, BB&T Corp. started coverage on shares of Alarm.com Holdings in a research note on Wednesday, June 15th. They set a “buy” rating and a $27.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Alarm.com Holdings presently has a consensus rating of “Buy” and a consensus price target of $25.07.
The stock’s market capitalization is $1.40 billion. The stock’s 50 day moving average is $27.66 and its 200 day moving average is $22.49.
Alarm.com Holdings (NASDAQ:ALRM) last posted its earnings results on Tuesday, May 10th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $59 million for the quarter, compared to the consensus estimate of $53.83 million. Alarm.com Holdings’s revenue was up 28.3% compared to the same quarter last year. Analysts predict that Alarm.com Holdings Inc. will post $0.48 earnings per share 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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