Zacks Investment Research downgraded shares of AlarmCom (NASDAQ:ALRM) from a strong-buy rating to a hold rating in a report published on Tuesday morning.

According to Zacks, “Alarm.com Holdings, Inc. offers interactive security solutions for home and business owners. The Company offers security systems which include image sensor, crash and smash protection, web control, mobile access and video monitoring. Alarm.com Holdings, Inc. is based in VIENNA, United States. “

Other equities research analysts also recently issued reports about the stock. Imperial Capital reaffirmed an in-line rating and set a $60.00 target price (up from $45.00) on shares of AlarmCom in a research note on Thursday, August 23rd. Credit Suisse Group upped their target price on shares of AlarmCom from $52.00 to $57.00 and gave the stock an outperform rating in a research note on Wednesday, August 8th. Stifel Nicolaus upped their target price on shares of AlarmCom from $38.00 to $45.00 and gave the stock a hold rating in a research note on Wednesday, August 8th. ValuEngine raised shares of AlarmCom from a hold rating to a buy rating in a research note on Wednesday, August 8th. Finally, Roth Capital upped 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $53.75.

AlarmCom stock opened at $44.30 on Tuesday. The company has a market capitalization of $2.74 billion, a PE ratio of 58.57, a P/E/G ratio of 3.35 and a beta of 1.33. AlarmCom has a 1 year low of $33.39 and a 1 year high of $60.20. The company has a current ratio of 4.25, a quick ratio of 3.93 and a debt-to-equity ratio of -1.08.

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

In other AlarmCom news, insider Daniel Kerzner sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $49.66, for a total transaction of $496,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hugh Panero sold 1,115 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $56.75, for a total transaction of $63,276.25. Following the transaction, the director now owns 4,835 shares of the company’s stock, valued at approximately $274,386.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 324,245 shares of company stock worth $17,998,456. 37.10% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. We Are One Seven LLC grew its holdings in AlarmCom by 372.4% during the 1st quarter. We Are One Seven LLC now owns 2,773 shares of the software maker’s stock worth $105,000 after acquiring an additional 2,186 shares in the last quarter. Nwam LLC acquired a new position in AlarmCom during the 3rd quarter worth approximately $207,000. Mount Yale Investment Advisors LLC acquired a new position in AlarmCom during the 1st quarter worth approximately $138,000. Macquarie Group Ltd. grew its holdings in AlarmCom by 583.3% during the 2nd quarter. Macquarie Group Ltd. now owns 4,100 shares of the software maker’s stock worth $166,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in AlarmCom during the 2nd quarter worth approximately $200,000. 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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