Alarm.com Holdings Inc. (ALRM) Sees Large Volume Increase
Alarm.com Holdings Inc. (NASDAQ:ALRM) shares saw unusually-strong trading volume on Thursday . Approximately 543,727 shares traded hands during mid-day trading, an increase of 72% from the previous session’s volume of 316,949 shares.The stock last traded at $27.78 and had previously closed at $29.91.
A number of research analysts have weighed in on the company. Imperial Capital restated an “outperform” rating and issued a $24.50 price target on shares of Alarm.com Holdings in a research note on Thursday, June 16th. Zacks Investment Research upgraded Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Thursday. Citigroup Inc. downgraded Alarm.com Holdings to a “market perform” rating in a research note on Tuesday. They noted that the move was a valuation call. William Blair restated an “outperform” rating on shares of Alarm.com Holdings in a research note on Saturday, June 25th. Finally, Bank of America Corp. restated a “buy” rating and issued a $28.00 price target (up from $25.00) on shares of Alarm.com Holdings in a research note on Friday, June 24th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.44.
The company has a 50-day moving average of $28.54 and a 200 day moving average of $23.08. The firm has a market capitalization of $1.28 billion and a P/E ratio of 118.69.
Alarm.com Holdings (NASDAQ:ALRM) last announced its earnings results on Monday, August 15th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $64.42 million for the quarter, compared to the consensus estimate of $58.61 million. During the same quarter in the previous year, the company earned $0.05 EPS. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. Analysts anticipate that Alarm.com Holdings Inc. will post $0.50 earnings per share for the current fiscal 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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