Alarm.com Holdings Inc. (ALRM) Receives New Coverage from Analysts at Roth Capital
Other equities analysts have also issued research reports about the company. First Analysis assumed coverage on Alarm.com Holdings in a research note on Thursday, July 7th. They issued an overweight rating and a $32.00 target price on the stock. Credit Suisse Group AG restated an outperform rating and set a $28.00 price target on shares of Alarm.com Holdings in a research note on Monday, August 15th. BB&T Corp. started coverage on Alarm.com Holdings in a research note on Wednesday, June 15th. They set a buy rating and a $27.00 price target on the stock. Zacks Investment Research lowered Alarm.com Holdings from a strong-buy rating to a hold rating in a research note on Tuesday, July 12th. Finally, William Blair restated an outperform rating on shares of Alarm.com Holdings in a research note on Saturday, June 25th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Alarm.com Holdings has an average rating of Buy and an average price target of $28.05.
Alarm.com Holdings (NASDAQ:ALRM) traded down 0.79% during midday trading on Monday, reaching $28.95. 22,457 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $27.52 and its 200 day moving average is $25.04. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 122.67 and a beta of 1.90. Alarm.com Holdings has a 52 week low of $11.86 and a 52 week high of $33.13.
Alarm.com Holdings (NASDAQ:ALRM) last posted 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. Alarm.com Holdings had a negative return on equity of 18.64% and a net margin of 4.74%. The company had revenue of $64.42 million for the quarter, compared to analyst estimates of $58.61 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. On average, equities analysts anticipate that Alarm.com Holdings will post $0.50 earnings per share for the current year.
In related news, insider Jean-Paul Martin sold 30,000 shares of the company’s 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 in the company, valued at $4,330,241.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. 78.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new position in shares of Alarm.com Holdings during the second quarter worth about $1,218,000. Swiss National Bank bought a new position in shares of Alarm.com Holdings during the second quarter worth about $402,000. Societe Generale bought a new position in shares of Alarm.com Holdings during the second quarter worth about $244,000. DUPONT CAPITAL MANAGEMENT Corp increased its position in shares of Alarm.com Holdings by 227.8% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 27,150 shares of the company’s stock worth $696,000 after buying an additional 18,868 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Alarm.com Holdings by 25.4% in the second quarter. California State Teachers Retirement System now owns 21,631 shares of the company’s stock worth $554,000 after buying an additional 4,376 shares during the last quarter. 61.49% of the stock is owned by institutional investors.
Alarm.com Holdings Company Profile
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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