AlarmCom Hldg Inc (ALRM) Given Average Recommendation of “Buy” by Analysts
Shares of AlarmCom Hldg Inc (NASDAQ:ALRM) have received an average recommendation of “Buy” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $47.00.
ALRM has been the topic of several analyst reports. Northland Securities reiterated a “buy” rating and set a $51.00 price target on shares of AlarmCom in a research report on Friday, October 13th. Bank of America increased their price target on shares of AlarmCom from $46.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of AlarmCom from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Jefferies Group initiated coverage on shares of AlarmCom in a research report on Friday, October 6th. They set a “hold” rating and a $43.00 price target on the stock. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $52.00 price target (up previously from $46.00) on shares of AlarmCom in a research report on Thursday, November 9th.
AlarmCom (ALRM) opened at $36.81 on Tuesday. AlarmCom has a fifty-two week low of $26.84 and a fifty-two week high of $49.49. The company has a market cap of $1,740.00 and a P/E ratio of 56.63. The company has a current ratio of 3.16, a quick ratio of 2.88 and a debt-to-equity ratio of -0.81.
AlarmCom (NASDAQ:ALRM) last announced its earnings results on Wednesday, November 8th. The software maker reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.07. AlarmCom had a net margin of 9.97% and a negative return on equity of 42.00%. The company had revenue of $90.00 million for the quarter, compared to analysts’ expectations of $83.04 million. During the same period last year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was up 32.7% on a year-over-year basis. research analysts predict that AlarmCom will post 0.82 EPS for the current fiscal year.
In other AlarmCom news, VP Daniel Ramos sold 19,909 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $47.05, for a total value of $936,718.45. Following the sale, the vice president now owns 82,327 shares in the company, valued at $3,873,485.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Trundle sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $44.05, for a total transaction of $2,643,000.00. Following the completion of the sale, the insider now owns 222,191 shares in the company, valued at approximately $9,787,513.55. The disclosure for this sale can be found here. Insiders sold 283,178 shares of company stock worth $12,111,202 in the last 90 days. Company insiders own 46.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of ALRM. SG Americas Securities LLC bought a new position in shares of AlarmCom during the third quarter valued at $109,000. Macquarie Group Ltd. bought a new position in shares of AlarmCom during the third quarter valued at $147,000. BNP Paribas Arbitrage SA raised 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 acquiring an additional 2,033 shares during the last quarter. Victory Capital Management Inc. raised 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 acquiring an additional 632 shares during the last quarter. Finally, Legal & General Group Plc raised 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 acquiring an additional 1,673 shares during the last quarter. Hedge funds and other institutional investors own 83.16% of the company’s stock.
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AlarmCom 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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