Alarm.com Holdings, Inc. (NASDAQ:ALRM) Lifted to Strong-Buy at BidaskClub
Alarm.com Holdings, Inc. (NASDAQ:ALRM) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.
A number of other brokerages have also issued reports on ALRM. Imperial Capital reaffirmed an “outperform” rating and set a $36.00 target price (up previously from $35.00) on shares of Alarm.com Holdings in a research report on Thursday, May 11th. Zacks Investment Research lowered shares of Alarm.com Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Northland Securities assumed coverage on shares of Alarm.com Holdings in a research report on Friday, June 9th. They set an “outperform” rating and a $41.00 target price on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $29.00 target price on shares of Alarm.com Holdings in a research report on Tuesday, July 25th. Finally, Maxim Group boosted their target price on shares of Alarm.com Holdings from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $39.56.
Shares of Alarm.com Holdings (NASDAQ ALRM) opened at 39.51 on Wednesday. Alarm.com Holdings has a 12-month low of $24.52 and a 12-month high of $40.01. The company’s 50-day moving average is $37.50 and its 200-day moving average is $32.58. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 171.78 and a beta of 1.52.
Alarm.com Holdings (NASDAQ:ALRM) last issued its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.14. Alarm.com Holdings had a net margin of 4.12% and a negative return on equity of 27.71%. The business had revenue of $86 million during the quarter, compared to analysts’ expectations of $81.05 million. During the same period in the previous year, the company earned $0.15 earnings per share. Alarm.com Holdings’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, equities analysts forecast that Alarm.com Holdings will post $0.76 earnings per share for the current fiscal year.
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In other Alarm.com Holdings news, insider David Hutz sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $31.59, for a total value of $110,565.00. Following the sale, the insider now owns 141,522 shares of the company’s stock, valued at approximately $4,470,679.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Kerzner sold 18,500 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $37.04, for a total transaction of $685,240.00. Following the completion of the sale, the insider now directly owns 11,065 shares in the company, valued at approximately $409,847.60. The disclosure for this sale can be found here. Insiders sold a total of 147,277 shares of company stock worth $5,160,799 in the last three months. Insiders own 46.80% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of Alarm.com Holdings during the first quarter valued at about $178,000. Airain ltd acquired a new stake in shares of Alarm.com Holdings during the first quarter valued at about $413,000. Trexquant Investment LP acquired a new stake in shares of Alarm.com Holdings during the first quarter valued at about $404,000. Parametric Portfolio Associates LLC raised its stake in shares of Alarm.com Holdings by 15.3% in the first quarter. Parametric Portfolio Associates LLC now owns 32,269 shares of the software maker’s stock valued at $992,000 after buying an additional 4,276 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Alarm.com Holdings during the first quarter valued at about $1,564,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.
Alarm.com Holdings Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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