Maxim Group Reiterates “Buy” Rating for AlarmCom (ALRM)
Maxim Group reiterated their buy rating on shares of AlarmCom (NASDAQ:ALRM) in a research note published on Wednesday morning, MarketBeat.com reports. The firm currently has a $59.00 price objective on the software maker’s stock, up from their prior price objective of $57.00.
A number of other equities research analysts also recently issued reports on the company. Stifel Nicolaus restated a hold rating and set a $38.00 price objective (up from $34.00) on shares of AlarmCom in a research report on Thursday, November 9th. Credit Suisse Group restated an outperform rating and set a $52.00 price objective (up from $46.00) on shares of AlarmCom in a research report on Thursday, November 9th. Northland Securities set a $51.00 price objective on AlarmCom and gave the company a buy rating in a research report on Thursday, November 16th. Zacks Investment Research upgraded AlarmCom from a hold rating to a strong-buy rating and set a $45.00 price objective on the stock in a research report on Monday, January 22nd. Finally, BidaskClub downgraded AlarmCom from a buy rating to a hold rating in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $46.80.
Shares of AlarmCom (NASDAQ:ALRM) opened at $37.37 on Wednesday. AlarmCom has a 52-week low of $28.57 and a 52-week high of $49.49. The company has a debt-to-equity ratio of -0.81, a quick ratio of 2.88 and a current ratio of 3.16. The stock has a market capitalization of $1,737.17, a P/E ratio of 62.28, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19.
Several hedge funds and other institutional investors have recently modified their holdings of ALRM. SG Americas Securities LLC purchased a new position in AlarmCom during the 3rd quarter worth $109,000. Macquarie Group Ltd. purchased a new position in AlarmCom during the 3rd quarter worth $147,000. Jasper Ridge Partners L.P. purchased a new position in AlarmCom during the 3rd quarter worth $213,000. Teacher Retirement System of Texas purchased a new position in AlarmCom during the 4th quarter worth $216,000. Finally, Polen Capital Management LLC purchased a new position in AlarmCom during the 4th quarter worth $226,000. Hedge funds and other institutional investors own 87.90% of the company’s stock.
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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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