Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have received an average rating of “Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $36.63.
A number of equities research analysts recently commented on ALRM shares. Northland Securities set a $41.00 price target on shares of Alarm.com Holdings and gave the company a “buy” rating in a report on Wednesday. BidaskClub lowered shares of Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Maxim Group reiterated a “buy” rating and set a $42.00 price target on shares of Alarm.com Holdings in a report on Friday, March 31st. Zacks Investment Research lowered shares of Alarm.com Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Imperial Capital reiterated an “outperform” rating and set a $36.00 price target (up from $35.00) on shares of Alarm.com Holdings in a report on Thursday, May 11th.
In other Alarm.com Holdings news, insider Jean-Paul Martin sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $32.37, for a total transaction of $971,100.00. Following the transaction, the insider now directly owns 152,904 shares of the company’s stock, valued at approximately $4,949,502.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David Hutz sold 3,500 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $37.02, for a total transaction of $129,570.00. Following the transaction, the insider now directly owns 131,022 shares in the company, valued at $4,850,434.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 162,277 shares of company stock worth $5,542,909. Insiders own 78.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new position in shares of Alarm.com Holdings during the fourth quarter worth about $1,282,000. State Street Corp increased its position in shares of Alarm.com Holdings by 3.5% in the fourth quarter. State Street Corp now owns 164,475 shares of the software maker’s stock worth $4,574,000 after buying an additional 5,597 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Alarm.com Holdings by 73.4% in the fourth quarter. Renaissance Technologies LLC now owns 293,800 shares of the software maker’s stock worth $8,176,000 after buying an additional 124,400 shares during the last quarter. A.R.T. Advisors LLC bought a new position in shares of Alarm.com Holdings during the fourth quarter worth about $225,000. Finally, Teachers Advisors LLC increased its position in shares of Alarm.com Holdings by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 17,307 shares of the software maker’s stock worth $482,000 after buying an additional 921 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.
Alarm.com Holdings (NASDAQ:ALRM) traded up 0.03% during midday trading on Monday, hitting $37.90. 108,495 shares of the stock traded hands. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 164.78 and a beta of 1.54. Alarm.com Holdings has a 52 week low of $24.52 and a 52 week high of $38.53. The stock’s 50-day moving average price is $36.65 and its 200 day moving average price is $31.85.
Alarm.com Holdings (NASDAQ:ALRM) last posted its quarterly earnings results on Tuesday, May 9th. The software maker reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.08. Alarm.com Holdings had a net margin of 4.12% and a negative return on equity of 27.71%. The company had revenue of $74.20 million during the quarter, compared to analyst estimates of $69.70 million. During the same period in the prior year, the business posted $0.12 EPS. The firm’s revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts predict that Alarm.com Holdings will post $0.76 EPS for the current year.
About Alarm.com Holdings
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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