Alarm.com Holdings Inc. (ALRM) Trading 2.1% Higher
Alarm.com Holdings Inc. (NASDAQ:ALRM) 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 traded. The stock had previously closed at $27.43.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Thursday, August 18th. Imperial Capital upped their target price on Alarm.com Holdings from $24.50 to $30.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 16th. Raymond James Financial Inc. cut Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 16th. Citigroup Inc. cut Alarm.com Holdings to a “market perform” rating in a research report on Tuesday, August 16th. They noted that the move was a valuation call. Finally, Goldman Sachs Group Inc. upped their target price on Alarm.com Holdings from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $27.44.
The firm’s 50 day moving average is $28.77 and its 200-day moving average is $23.94. The firm has a market capitalization of $1.28 billion and a P/E ratio of 118.64.
Alarm.com Holdings (NASDAQ:ALRM) last released its quarterly earnings results on Monday, August 15th. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. During the same period in the prior year, the business earned $0.05 EPS. The business had revenue of $64.42 million for the quarter, compared to analyst estimates of $58.61 million. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. Equities analysts anticipate 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 Alarm.com Holdings stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $28.32, for a total value of $849,600.00. Following the sale, the insider now owns 152,904 shares of the company’s stock, valued at approximately $4,330,241.28. The sale was disclosed in a legal filing with the SEC, which can be accessed 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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