Alarm.com Holdings Inc. (NASDAQ:ALRM) shares fell 11.3% during mid-day trading on Tuesday . The company traded as low as $28.73 and last traded at $29.21, with a volume of 960,300 shares. The stock had previously closed at $32.93.

A number of research firms have recently issued reports on ALRM. Imperial Capital raised their price target on shares of Alarm.com Holdings from $24.50 to $30.00 and gave the stock an “in-line” rating in a research report on Tuesday. Raymond James Financial Inc. downgraded shares of Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Citigroup Inc. downgraded shares of Alarm.com Holdings to a “market perform” rating in a research report on Tuesday. They noted that the move was a valuation call. Goldman Sachs Group Inc. raised their price target on shares of Alarm.com Holdings from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a $28.00 price target on shares of Alarm.com Holdings in a research report on Monday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $26.56.

The stock has a market cap of $1.36 billion and a PE ratio of 126.74. The firm’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 quarterly earnings results on Monday, August 15th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The business earned $64.42 million during the quarter, compared to the consensus estimate of $58.61 million. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. Analysts predict 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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