Alarm.com Holdings Inc. (ALRM) Stock Price Down 11.3%
Alarm.com Holdings Inc. (NASDAQ:ALRM)’s share price was down 11.3% during trading on Tuesday . The stock traded as low as $28.73 and last traded at $29.21, with a volume of 960,300 shares changing hands. The stock had previously closed at $32.93.
Several equities analysts recently commented on ALRM shares. Imperial Capital reaffirmed an “outperform” rating and set a $24.50 target price on shares of Alarm.com Holdings in a report on Thursday, June 16th. Zacks Investment Research lowered shares of Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. William Blair reissued an “outperform” rating on shares of Alarm.com Holdings in a report on Saturday, June 25th. Bank of America Corp. reissued a “buy” rating and issued a $28.00 price target (up previously from $25.00) on shares of Alarm.com Holdings in a report on Friday, June 24th. Finally, BB&T Corp. began coverage on shares of Alarm.com Holdings in a report on Wednesday, June 15th. They issued a “buy” rating and a $27.00 price target on the stock. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $26.56.
The firm’s 50 day moving average price is $28.05 and its 200 day moving average price is $22.81. The company’s market cap is $1.37 billion.
Alarm.com Holdings (NASDAQ:ALRM) last released its quarterly earnings results on Monday, August 15th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. The business had revenue of $64.42 million for the quarter, compared to analysts’ expectations of $58.61 million. Alarm.com Holdings’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 EPS. On average, equities research analysts forecast 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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