Alarm.com Holdings Inc. (ALRM) Sets New 52-Week High at $28.67
Alarm.com Holdings Inc. (NASDAQ:ALRM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $28.67 and last traded at $28.48, with a volume of 24,269 shares traded. The stock had previously closed at $28.33.
Several equities analysts recently issued reports on ALRM shares. 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 objective on the stock. William Blair reiterated an “outperform” rating on shares of Alarm.com Holdings in a research note on Saturday, June 25th. Zacks Investment Research cut Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Imperial Capital reiterated an “outperform” rating and issued a $24.50 target price on shares of Alarm.com Holdings in a research note on Thursday, June 16th. Finally, Stifel Nicolaus cut Alarm.com Holdings from a “buy” rating to a “hold” rating in a research note on Friday, April 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $25.07.
The firm’s 50 day moving average price is $25.40 and its 200 day moving average price is $21.48. The company’s market cap is $1.30 billion.
Alarm.com Holdings (NASDAQ:ALRM) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The business earned $59 million during the quarter, compared to the consensus estimate of $53.83 million. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. On average, equities analysts predict that Alarm.com Holdings Inc. will post $0.48 EPS 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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