Alarm.com Holdings, Inc. (NASDAQ:ALRM) PT Raised to $44.00 at Maxim Group
Alarm.com Holdings, Inc. (NASDAQ:ALRM) had its price objective increased by Maxim Group from $42.00 to $44.00 in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the software maker’s stock.
A number of other equities research analysts have also weighed in on ALRM. Stifel Nicolaus restated a hold rating and set a $29.00 price objective on shares of Alarm.com Holdings in a research report on Tuesday, July 25th. Northland Securities set a $41.00 price objective on Alarm.com Holdings and gave the stock a buy rating in a research report on Wednesday, July 19th. BidaskClub lowered Alarm.com Holdings from a strong-buy rating to a buy rating in a research report on Sunday, July 16th. Imperial Capital boosted their price objective on Alarm.com Holdings from $36.00 to $40.00 and gave the stock an outperform rating in a research report on Thursday, June 15th. Finally, Zacks Investment Research lowered Alarm.com Holdings from a buy rating to a hold rating in a research report on Tuesday, May 16th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $36.67.
Alarm.com Holdings (ALRM) opened at 37.87 on Wednesday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 164.65 and a beta of 1.54. The stock’s 50 day moving average price is $37.12 and its 200 day moving average price is $32.26. Alarm.com Holdings has a 52 week low of $24.52 and a 52 week high of $38.53.
Alarm.com Holdings (NASDAQ:ALRM) last issued its quarterly earnings data on Tuesday, May 9th. The software maker reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $74.20 million for the quarter, compared to analyst estimates of $69.70 million. Alarm.com Holdings had a negative return on equity of 27.71% and a net margin of 4.12%. Alarm.com Holdings’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. On average, equities research analysts predict that Alarm.com Holdings will post $0.76 EPS for the current year.
In other Alarm.com Holdings news, insider David Hutz sold 3,500 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $37.43, for a total value of $131,005.00. Following the sale, the insider now owns 127,522 shares in the company, valued at approximately $4,773,148.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jean-Paul Martin sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $32.37, for a total value of $971,100.00. Following the completion of the sale, the insider now owns 152,904 shares in the company, valued at approximately $4,949,502.48. The disclosure for this sale can be found here. Insiders sold a total of 180,777 shares of company stock worth $6,245,229 in the last quarter. Corporate insiders own 78.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its stake in 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 during the period. Teachers Advisors LLC raised its stake in 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 period. Victory Capital Management Inc. raised 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 worth $110,000 after buying an additional 1,039 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Alarm.com Holdings by 6.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 42,460 shares of the software maker’s stock worth $1,306,000 after buying an additional 2,736 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Alarm.com Holdings by 26.1% in the first quarter. Goldman Sachs Group Inc. now owns 13,496 shares of the software maker’s stock worth $415,000 after buying an additional 2,795 shares during the period. Hedge funds and other institutional investors own 80.15% of the company’s stock.
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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