AlarmCom (ALRM) Downgraded by BidaskClub to “Sell”
AlarmCom (NASDAQ:ALRM) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday.
Several other analysts have also commented on ALRM. William Blair restated an “outperform” rating on shares of AlarmCom in a report on Thursday, September 21st. Jefferies Group initiated coverage on shares of AlarmCom in a report on Friday, October 6th. They issued a “hold” rating and a $43.00 price objective for the company. Zacks Investment Research lowered shares of AlarmCom from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Northland Securities restated a “buy” rating and issued a $51.00 price objective on shares of AlarmCom in a report on Friday, October 13th. Finally, Bank of America raised their price objective on shares of AlarmCom from $46.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.90.
Shares of AlarmCom (NASDAQ:ALRM) opened at $36.23 on Tuesday. The company has a debt-to-equity ratio of -0.81, a quick ratio of 2.88 and a current ratio of 3.16. The firm has a market cap of $1,710.00 and a PE ratio of 55.74. AlarmCom has a 1-year low of $26.84 and a 1-year high of $49.49.
AlarmCom (NASDAQ:ALRM) last posted its earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.07. The company had revenue of $90.00 million during the quarter, compared to analyst estimates of $83.04 million. AlarmCom had a net margin of 9.97% and a negative return on equity of 42.00%. AlarmCom’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. research analysts predict that AlarmCom will post 0.82 EPS for the current year.
In other AlarmCom news, VP Daniel Ramos sold 4,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $47.15, for a total transaction of $226,320.00. Following the completion of the transaction, the vice president now owns 82,327 shares of the company’s stock, valued at $3,881,718.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy P. Mcadam sold 20,407 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $36.78, for a total transaction of $750,569.46. The disclosure for this sale can be found here. Insiders sold 283,178 shares of company stock valued at $12,111,202 over the last 90 days. 46.80% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of AlarmCom during the third quarter valued at approximately $109,000. Macquarie Group Ltd. bought a new position in shares of AlarmCom during the third quarter valued at approximately $147,000. BNP Paribas Arbitrage SA increased its stake in shares of AlarmCom by 95.8% during the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock valued at $156,000 after purchasing an additional 2,033 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of AlarmCom by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock valued at $159,000 after purchasing an additional 632 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of AlarmCom by 57.4% during the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock valued at $172,000 after purchasing an additional 1,673 shares in the last quarter. 83.16% of the stock is owned by institutional investors and hedge funds.
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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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