Alarm.com Holdings, Inc. (NASDAQ:ALRM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $46.00 price target on the software maker’s stock. Zacks Investment Research‘s price target points to a potential upside of 9.11% from the company’s previous close.

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. “

Several other research analysts also recently weighed in on ALRM. Imperial Capital restated an “outperform” rating and set a $36.00 target price (up from $35.00) on shares of Alarm.com Holdings in a research note on Thursday, May 11th. Northland Securities started coverage on Alarm.com Holdings in a research note on Friday, June 9th. They set an “outperform” rating and a $41.00 target price on the stock. BidaskClub downgraded Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Stifel Nicolaus restated a “hold” rating and set a $29.00 target price on shares of Alarm.com Holdings in a research note on Tuesday, July 25th. Finally, Maxim Group boosted their price target on Alarm.com Holdings from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $43.11.

Alarm.com Holdings (NASDAQ ALRM) traded up 3.33% during midday trading on Monday, hitting $42.16. The company had a trading volume of 695,499 shares. The stock has a 50 day moving average price of $37.94 and a 200-day moving average price of $33.00. Alarm.com Holdings has a 52 week low of $24.52 and a 52 week high of $42.48. The stock has a market capitalization of $1.97 billion, a PE ratio of 107.83 and a beta of 1.52.

Alarm.com Holdings (NASDAQ:ALRM) last announced its earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $86 million for the quarter, compared to the consensus estimate of $81.05 million. During the same period in the previous year, the business earned $0.15 EPS. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, equities analysts predict that Alarm.com Holdings will post $0.97 EPS for the current year.

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In other Alarm.com Holdings news, insider Jean-Paul Martin sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $34.92, for a total transaction of $698,400.00. Following the sale, the insider now owns 150,404 shares in the company, valued at approximately $5,252,107.68. The transaction 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 sale, 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 have sold 190,777 shares of company stock worth $6,874,334. Company insiders own 46.80% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ALRM. Bares Capital Management Inc. increased its stake in shares of Alarm.com Holdings by 65.4% in the first quarter. Bares Capital Management Inc. now owns 2,325,021 shares of the software maker’s stock worth $71,471,000 after buying an additional 919,682 shares during the last quarter. Riverbridge Partners LLC bought a new stake in shares of Alarm.com Holdings during the second quarter worth approximately $50,898,000. Vanguard Group Inc. increased its stake in shares of Alarm.com Holdings by 21.7% in the second quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock worth $29,229,000 after buying an additional 138,595 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Alarm.com Holdings by 18.0% in the first quarter. Janus Capital Management LLC now owns 692,281 shares of the software maker’s stock worth $21,281,000 after buying an additional 105,653 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Alarm.com Holdings by 61.6% in the second quarter. Renaissance Technologies LLC now owns 593,000 shares of the software maker’s stock worth $22,315,000 after buying an additional 226,000 shares during the last quarter. Institutional investors and hedge funds own 78.52% of the company’s stock.

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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Analyst Recommendations for Alarm.com Holdings (NASDAQ:ALRM)

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