BidaskClub downgraded shares of AlarmCom (NASDAQ:ALRM) from a strong-buy rating to a buy rating in a report issued on Tuesday.

Other analysts have also recently issued reports about the stock. Bank of America upgraded shares of AlarmCom to a buy rating and increased their target price for the stock from $55.00 to $65.00 in a research note on Friday, September 14th. ValuEngine upgraded shares of AlarmCom from a hold rating to a buy rating in a research note on Wednesday, August 8th. Roth Capital increased their target price on shares of AlarmCom from $51.00 to $57.00 and gave the stock a buy rating in a research note on Wednesday, August 8th. Jefferies Financial Group increased their target price on shares of AlarmCom to $55.00 and gave the stock a buy rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research upgraded shares of AlarmCom from a hold rating to a buy rating and set a $56.00 target price on the stock in a research note on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $53.75.

Shares of ALRM stock opened at $44.30 on Tuesday. The company has a market cap of $2.74 billion, a P/E ratio of 58.57, a price-to-earnings-growth ratio of 3.35 and a beta of 1.33. The company has a debt-to-equity ratio of -1.08, a quick ratio of 3.93 and a current ratio of 4.25. AlarmCom has a 12 month low of $33.39 and a 12 month high of $60.20.

AlarmCom (NASDAQ:ALRM) last posted its earnings results on Tuesday, August 7th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.12. AlarmCom had a net margin of 9.75% and a negative return on equity of 64.90%. The business had revenue of $104.49 million for the quarter, compared to analysts’ expectations of $94.72 million. As a group, research analysts forecast that AlarmCom will post 1.01 EPS for the current year.

In other news, Director Hugh Panero sold 1,115 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $56.75, for a total transaction of $63,276.25. Following the sale, the director now owns 4,835 shares in the company, valued at approximately $274,386.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Crossover Managemen Technology sold 172,032 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $55.23, for a total transaction of $9,501,327.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 324,245 shares of company stock worth $17,998,456. Corporate insiders own 37.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in shares of AlarmCom by 37.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 11,273 shares of the software maker’s stock valued at $647,000 after buying an additional 3,073 shares in the last quarter. Nwam LLC purchased a new stake in shares of AlarmCom during the 3rd quarter valued at $207,000. Riverbridge Partners LLC grew its holdings in shares of AlarmCom by 26.3% during the 3rd quarter. Riverbridge Partners LLC now owns 1,517,237 shares of the software maker’s stock valued at $87,089,000 after purchasing an additional 315,895 shares during the last quarter. Northern Trust Corp grew its holdings in shares of AlarmCom by 30.6% during the 2nd quarter. Northern Trust Corp now owns 458,800 shares of the software maker’s stock valued at $18,526,000 after purchasing an additional 107,491 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of AlarmCom by 16.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 404,139 shares of the software maker’s stock valued at $16,319,000 after purchasing an additional 56,715 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

About AlarmCom

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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