Alarm.com Holdings Inc. (ALRM) Trading Down 0.7%
Alarm.com Holdings Inc. (NASDAQ:ALRM)’s share price fell 0.7% on Monday . The company traded as low as $28.04 and last traded at $28.11, with a volume of 134,238 shares. The stock had previously closed at $28.31.
A number of brokerages have weighed in on ALRM. Zacks Investment Research upgraded Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, August 18th. Imperial Capital upped their target price on Alarm.com Holdings from $24.50 to $30.00 and gave the stock an “in-line” rating in a research note on Tuesday, August 16th. Raymond James Financial Inc. lowered Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 16th. Citigroup Inc. lowered Alarm.com Holdings to a “market perform” rating in a research report on Tuesday, August 16th. They noted that the move was a valuation call. Finally, Goldman Sachs Group Inc. increased their price objective on Alarm.com Holdings from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $27.44.
The company has a market cap of $1.26 billion and a price-to-earnings ratio of 117.12. The stock has a 50-day moving average of $28.77 and a 200-day moving average of $23.76.
Alarm.com Holdings (NASDAQ:ALRM) last released its earnings results on Monday, August 15th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The company had revenue of $64.42 million for the quarter, compared to analysts’ expectations of $58.61 million. During the same quarter last year, the firm posted $0.05 earnings per share. Alarm.com Holdings’s revenue for the quarter was up 24.0% on a year-over-year basis. Equities research analysts predict that Alarm.com Holdings Inc. will post $0.50 earnings per share for the current year.
In related news, insider Jean-Paul Martin sold 30,000 shares of Alarm.com Holdings stock in a transaction on Friday, August 19th. The stock was sold at an average price of $28.32, for a total transaction of $849,600.00. Following the transaction, the insider now directly owns 152,904 shares in the company, valued at $4,330,241.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
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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