Alarm.com Holdings Inc. (ALRM) Sees Unusually-High Trading Volume
Alarm.com Holdings Inc. (NASDAQ:ALRM) shares saw unusually-high trading volume on Thursday . Approximately 543,727 shares changed hands during trading, an increase of 72% from the previous session’s volume of 316,949 shares.The stock last traded at $27.78 and had previously closed at $29.91.
ALRM has been the subject of several research analyst reports. Imperial Capital downgraded Alarm.com Holdings from an “outperform” rating to an “in-line” rating and set a $24.50 target price for the company. in a research note on Tuesday, June 21st. Raymond James Financial Inc. cut Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Credit Suisse Group AG reiterated an “outperform” rating and set a $28.00 price target on shares of Alarm.com Holdings in a research report on Monday. William Blair reiterated an “outperform” rating on shares of Alarm.com Holdings in a research report on Saturday, June 25th. Finally, Bank of America Corp. reiterated a “buy” rating and set a $28.00 price target (up from $25.00) on shares of Alarm.com Holdings in a research report on Friday, June 24th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Alarm.com Holdings currently has a consensus rating of “Buy” and a consensus target price of $27.44.
The company has a market capitalization of $1.28 billion and a P/E ratio of 119.24. The stock’s 50 day moving average is $28.38 and its 200 day moving average is $22.96.
Alarm.com Holdings (NASDAQ:ALRM) last announced its earnings results on Monday, August 15th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. During the same quarter last year, the business posted $0.05 earnings per share. The company earned $64.42 million during the quarter, compared to analysts’ expectations of $58.61 million. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. On average, equities analysts anticipate that Alarm.com Holdings Inc. will post $0.50 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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