Alarm.com Holdings Inc. (ALRM) Trading 2.1% Higher
Alarm.com Holdings Inc. (NASDAQ:ALRM)’s share price traded up 2.1% during mid-day trading on Thursday . The company traded as high as $28.00 and last traded at $28.00, with a volume of 102,482 shares. The stock had previously closed at $27.43.
A number of equities analysts have issued reports on the company. Credit Suisse Group AG reiterated an “outperform” rating and set a $28.00 target price on shares of Alarm.com Holdings in a report on Monday, August 15th. Imperial Capital cut Alarm.com Holdings from an “outperform” rating to an “in-line” rating and set a $24.50 target price for the company. in a report on Tuesday, June 21st. First Analysis began coverage on Alarm.com Holdings in a report on Thursday, July 7th. They issued an “overweight” rating and a $32.00 price objective for the company. Raymond James Financial Inc. cut Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 16th. Finally, Bank of America Corp. restated a “buy” rating and issued a $28.00 price objective (up previously from $25.00) on shares of Alarm.com Holdings in a report on Friday, June 24th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Alarm.com Holdings currently has a consensus rating of “Buy” and a consensus price target of $27.44.
The company has a 50-day moving average price of $28.75 and a 200-day moving average price of $23.88. The firm has a market capitalization of $1.27 billion and a price-to-earnings ratio of 118.14.
Alarm.com Holdings (NASDAQ:ALRM) last released its earnings results on Monday, August 15th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. During the same quarter in the previous year, the firm earned $0.05 EPS. The firm earned $64.42 million during the quarter, compared to analyst estimates of $58.61 million. Alarm.com Holdings’s quarterly revenue was up 24.0% on a year-over-year basis. On average, equities analysts forecast that Alarm.com Holdings Inc. will post $0.50 EPS for the current fiscal year.
In related news, insider Jean-Paul Martin sold 30,000 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $28.32, for a total value of $849,600.00. Following the transaction, the insider now owns 152,904 shares in the company, valued at $4,330,241.28. The transaction was disclosed in a document filed with the SEC, which is available through this link.
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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