BidaskClub upgraded shares of AlarmCom (NASDAQ:ALRM) from a sell rating to a hold rating in a research report report published on Thursday morning, BidAskClub reports.

ALRM has been the topic of several other research reports. Maxim Group set a $7.00 target price on Net 1 UEPS Technologies and gave the company a buy rating in a research note on Friday, May 10th. Jefferies Financial Group reissued a buy rating on shares of Aberdeen Indonesia Fund in a research note on Monday, May 13th. Bank of America reissued a buy rating and issued a $143.00 price target on shares of Xilinx in a research note on Friday, May 3rd. Northland Securities set a $50.00 price target on Polarityte and gave the company a buy rating in a research note on Friday, May 10th. Finally, Raymond James reissued a buy rating on shares of Canadian Natural Resources in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $66.27.

NASDAQ:ALRM opened at $52.20 on Thursday. AlarmCom has a fifty-two week low of $40.92 and a fifty-two week high of $71.50. The firm’s 50-day simple moving average is $53.24. The stock has a market cap of $2.52 billion, a PE ratio of 39.85, a PEG ratio of 3.95 and a beta of 1.39.

AlarmCom (NASDAQ:ALRM) last released its earnings results on Thursday, May 9th. The software maker reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. AlarmCom had a negative return on equity of 86.44% and a net margin of 4.55%. The company had revenue of $112.34 million for the quarter, compared to analysts’ expectations of $102.35 million. During the same quarter in the previous year, the business posted $0.34 EPS. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. As a group, analysts expect that AlarmCom will post 1.11 earnings per share for the current fiscal year.

In other AlarmCom news, CFO Steve Valenzuela sold 1,084 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $71.07, for a total transaction of $77,039.88. Following the completion of the sale, the chief financial officer now owns 41,633 shares of the company’s stock, valued at $2,958,857.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel Ramos sold 1,269 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $58.42, for a total value of $74,134.98. Following the sale, the vice president now directly owns 29,860 shares of the company’s stock, valued at approximately $1,744,421.20. The disclosure for this sale can be found here. In the last three months, insiders sold 4,388 shares of company stock valued at $269,584. 26.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Intrust Bank NA boosted its position in AlarmCom by 2.1% during the first quarter. Intrust Bank NA now owns 9,150 shares of the software maker’s stock worth $594,000 after purchasing an additional 186 shares during the period. Redmond Asset Management LLC boosted its position in AlarmCom by 1.2% during the first quarter. Redmond Asset Management LLC now owns 16,196 shares of the software maker’s stock worth $1,051,000 after purchasing an additional 187 shares during the period. Signaturefd LLC boosted its position in AlarmCom by 125.0% during the first quarter. Signaturefd LLC now owns 450 shares of the software maker’s stock worth $29,000 after purchasing an additional 250 shares during the period. We Are One Seven LLC boosted its position in AlarmCom by 4.3% during the second quarter. We Are One Seven LLC now owns 6,444 shares of the software maker’s stock worth $344,000 after purchasing an additional 264 shares during the period. Finally, Arizona State Retirement System boosted its position in AlarmCom by 0.5% during the first quarter. Arizona State Retirement System now owns 54,259 shares of the software maker’s stock worth $3,521,000 after purchasing an additional 294 shares during the period. 93.32% of the stock is owned by hedge funds and other institutional investors.

AlarmCom Company Profile

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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