Alarm.com Holdings Inc. (ALRM) Sees Unusually-High Trading Volume
Shares of Alarm.com Holdings Inc. (NASDAQ:ALRM) saw an uptick in trading volume on Thursday . 186,967 shares changed hands during trading, an increase of 35% from the previous session’s volume of 138,084 shares.The stock last traded at $30.07 and had previously closed at $29.96.
A number of brokerages have recently commented on ALRM. Zacks Investment Research cut shares of Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. First Analysis started coverage on Alarm.com Holdings in a research report on Thursday, July 7th. They issued an “overweight” rating and a $32.00 price target for the company. Bank of America Corp. reaffirmed a “buy” rating and issued a $28.00 price target (up previously from $25.00) on shares of Alarm.com Holdings in a research report on Friday, June 24th. Imperial Capital lowered Alarm.com Holdings from an “outperform” rating to an “in-line” rating and set a $24.50 price target for the company. in a research report on Tuesday, June 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of Alarm.com Holdings in a research report on Saturday, June 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $25.07.
The firm has a 50-day moving average price of $27.83 and a 200 day moving average price of $22.59. The firm’s market capitalization is $1.41 billion.
Alarm.com Holdings (NASDAQ:ALRM) last released its earnings results on Tuesday, May 10th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business earned $59 million during the quarter, compared to analysts’ expectations of $53.83 million. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, equities research analysts forecast 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.