Alarm.com Holdings, Inc. (NASDAQ:ALRM) had its target price upped by Bank of America Corporation from $39.00 to $46.00 in a report released on Wednesday morning. The firm currently has a buy rating on the software maker’s stock.
A number of other equities research analysts have also commented on the company. Roth Capital upped their price target on Alarm.com Holdings from $43.50 to $48.00 and gave the company a buy rating in a research report on Wednesday. Zacks Investment Research lowered Alarm.com Holdings from a buy rating to a hold rating in a research report on Tuesday, May 16th. Stifel Nicolaus restated a hold rating and set a $29.00 target price on shares of Alarm.com Holdings in a research report on Tuesday, July 25th. BidaskClub lowered Alarm.com Holdings from a strong-buy rating to a buy rating in a research report on Sunday, July 16th. Finally, Northland Securities initiated coverage on Alarm.com Holdings in a report on Friday, June 9th. They issued an outperform rating and a $41.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Alarm.com Holdings currently has an average rating of Buy and an average target price of $41.89.
Alarm.com Holdings (NASDAQ ALRM) traded up 0.62% on Wednesday, reaching $40.80. The company’s stock had a trading volume of 1,069,578 shares. Alarm.com Holdings has a 12 month low of $24.52 and a 12 month high of $42.48. The company has a market cap of $1.91 billion, a P/E ratio of 104.35 and a beta of 1.52. The company has a 50-day moving average price of $37.94 and a 200 day moving average price of $33.00.
Alarm.com Holdings (NASDAQ:ALRM) last posted its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.14. Alarm.com Holdings had a negative return on equity of 34.65% and a net margin of 6.50%. The company had revenue of $86 million during the quarter, compared to analysts’ expectations of $81.05 million. During the same quarter in the previous year, the firm earned $0.15 EPS. Alarm.com Holdings’s revenue was up 33.5% on a year-over-year basis. On average, equities research analysts anticipate that Alarm.com Holdings will post $0.97 EPS for the current fiscal year.
In related news, VP Daniel Ramos sold 40,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $32.40, for a total transaction of $1,296,000.00. Following the transaction, the vice president now owns 162,404 shares in the company, valued at approximately $5,261,889.60. The sale was disclosed in a document filed 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 dated Tuesday, May 23rd. The shares were sold at an average price of $31.59, for a total value of $110,565.00. Following the transaction, the insider now owns 141,522 shares in the company, valued at approximately $4,470,679.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,777 shares of company stock worth $6,874,334. Company insiders own 78.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ALRM. Victory Capital Management Inc. boosted its stake in Alarm.com Holdings by 40.8% in the first quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock valued at $110,000 after buying an additional 1,039 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Alarm.com Holdings by 95.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after buying an additional 2,033 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Alarm.com Holdings by 57.4% in the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after buying an additional 1,673 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Alarm.com Holdings during the first quarter worth approximately $178,000. Finally, American International Group Inc. boosted its stake in shares of Alarm.com Holdings by 7.1% in the first quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock worth $195,000 after buying an additional 422 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.
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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