Alarm.com Holdings Inc. (ALRM) Sets New 1-Year High at $27.50
Shares of Alarm.com Holdings Inc. (NASDAQ:ALRM) hit a new 52-week high during trading on Friday . The stock traded as high as $27.50 and last traded at $27.07, with a volume of 177,743 shares changing hands. The stock had previously closed at $26.10.
Several analysts have recently commented on the company. First Analysis assumed coverage on Alarm.com Holdings in a report on Thursday. They set an “overweight” rating and a $32.00 price objective for the company. BB&T Corp. assumed coverage on Alarm.com Holdings in a report on Wednesday, June 15th. They set a “buy” rating and a $27.00 price objective for the company. Bank of America Corp. reiterated a “buy” rating and set a $28.00 price objective (up previously from $25.00) on shares of Alarm.com Holdings in a report on Friday, June 24th. Imperial Capital increased their price objective on Alarm.com Holdings from $23.00 to $24.50 and gave the company an “outperform” rating in a report on Monday, March 14th. Finally, William Blair reiterated an “outperform” rating on shares of Alarm.com Holdings in a report on Saturday, June 25th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.28.
The stock’s 50-day moving average is $23.03 and its 200-day moving average is $20.42. The stock’s market cap is $1.23 billion.
Alarm.com Holdings (NASDAQ:ALRM) last posted its earnings results on Tuesday, May 10th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company earned $59 million during the quarter, compared to analyst estimates of $53.83 million. The company’s revenue was up 28.3% on a year-over-year basis. On average, analysts predict that Alarm.com Holdings Inc. will post $0.48 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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