Research Analysts Offer Predictions for Alarm.com Holdings, Inc.’s Q1 2018 Earnings (ALRM)
Alarm.com Holdings, Inc. (NASDAQ:ALRM) – Research analysts at William Blair boosted their Q1 2018 earnings per share (EPS) estimates for Alarm.com Holdings in a research report issued to clients and investors on Wednesday. William Blair analyst B. Suri now anticipates that the software maker will earn $0.21 per share for the quarter, up from their prior forecast of $0.20. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Alarm.com Holdings’ Q3 2018 earnings at $0.27 EPS.
Alarm.com Holdings (NASDAQ:ALRM) last posted its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Alarm.com Holdings 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 the consensus estimate of $83.04 million. During the same period last year, the company posted $0.19 EPS. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year.
A number of other equities research analysts also recently weighed in on ALRM. Roth Capital raised their price target on shares of Alarm.com Holdings from $43.50 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Credit Suisse Group reiterated an “outperform” rating and set a $46.00 target price (up from $37.00) on shares of Alarm.com Holdings in a research report on Wednesday, August 9th. Northland Securities set a $45.00 target price on shares of Alarm.com Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Imperial Capital downgraded shares of Alarm.com Holdings from an “outperform” rating to an “in-line” rating and lifted their target price for the stock from $40.00 to $45.00 in a research report on Thursday, August 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $34.00 target price (up from $29.00) on shares of Alarm.com Holdings in a research report on Thursday, August 10th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $45.60.
Shares of Alarm.com Holdings (NASDAQ:ALRM) opened at $40.59 on Monday. Alarm.com Holdings has a one year low of $26.68 and a one year high of $49.49. The company has a quick ratio of 2.88, a current ratio of 3.16 and a debt-to-equity ratio of -0.81. The firm has a market cap of $1,913.43, a P/E ratio of 45.10, a PEG ratio of 3.34 and a beta of 1.43.
In other news, insider David Hutz sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $43.82, for a total value of $153,370.00. Following the transaction, the insider now owns 90,522 shares in the company, valued at approximately $3,966,674.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel Ramos sold 10,063 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $47.02, for a total transaction of $473,162.26. Following the completion of the transaction, the vice president now owns 57,127 shares in the company, valued at approximately $2,686,111.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 310,214 shares of company stock worth $13,887,962. 46.80% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Riverbridge Partners LLC acquired a new position in shares of Alarm.com Holdings in the 2nd quarter worth approximately $50,898,000. Janus Henderson Group PLC acquired a new position in shares of Alarm.com Holdings in the 2nd quarter worth approximately $37,684,000. Vanguard Group Inc. lifted its position in shares of Alarm.com Holdings by 21.7% in the 2nd quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock worth $29,229,000 after purchasing an additional 138,595 shares during the period. Renaissance Technologies LLC lifted its position in shares of Alarm.com Holdings by 61.6% in the 2nd quarter. Renaissance Technologies LLC now owns 593,000 shares of the software maker’s stock worth $22,315,000 after purchasing an additional 226,000 shares during the period. Finally, Oak Ridge Investments LLC acquired a new position in shares of Alarm.com Holdings in the 2nd quarter worth approximately $19,059,000. Hedge funds and other institutional investors own 84.92% 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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