Alarm.com Holdings, Inc. (ALRM) Given Average Rating of “Buy” by Analysts
Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have earned a consensus recommendation of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $43.11.
A number of analysts recently issued reports on ALRM shares. Northland Securities started coverage on shares of Alarm.com Holdings in a research report on Friday, June 9th. They set an “outperform” rating and a $41.00 target price for the company. William Blair reissued an “outperform” rating on shares of Alarm.com Holdings in a research report on Thursday, September 21st. Credit Suisse Group reissued an “outperform” rating and set a $46.00 target price (up previously from $37.00) on shares of Alarm.com Holdings in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a “hold” rating and set a $29.00 target price on shares of Alarm.com Holdings in a research report on Tuesday, July 25th. Finally, Maxim Group increased their target price on shares of Alarm.com Holdings from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th.
Shares of Alarm.com Holdings (ALRM) traded up 0.02% on Friday, hitting $47.03. 168,599 shares of the company were exchanged. Alarm.com Holdings has a 52-week low of $26.68 and a 52-week high of $48.38. The company has a 50-day moving average price of $45.00 and a 200 day moving average price of $45.00. The firm has a market cap of $2.20 billion, a P/E ratio of 120.28 and a beta of 1.45.
Alarm.com Holdings (NASDAQ:ALRM) last posted its earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.14. The firm had revenue of $86.00 million during the quarter, compared to the consensus estimate of $81.05 million. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 35.68%. The company’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. Analysts predict that Alarm.com Holdings will post $0.97 EPS for the current fiscal year.
In other news, insider Daniel Kerzner sold 18,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $37.04, for a total transaction of $685,240.00. Following the completion of the sale, the insider now owns 11,065 shares of the company’s stock, valued at $409,847.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Hutz sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $37.02, for a total transaction of $129,570.00. Following the sale, the insider now directly owns 131,022 shares of the company’s stock, valued at approximately $4,850,434.44. The disclosure for this sale can be found here. Insiders sold 370,942 shares of company stock valued at $15,958,457 in the last ninety days. 78.50% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Koch Industries Inc. acquired a new stake in shares of Alarm.com Holdings during the second quarter worth approximately $485,000. 1st Global Advisors Inc. acquired a new stake in shares of Alarm.com Holdings during the second quarter worth approximately $275,000. California State Teachers Retirement System grew its position in shares of Alarm.com Holdings by 77.2% during the second quarter. California State Teachers Retirement System now owns 36,031 shares of the software maker’s stock worth $1,356,000 after buying an additional 15,700 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Alarm.com Holdings by 88.7% during the second quarter. The Manufacturers Life Insurance Company now owns 16,761 shares of the software maker’s stock worth $630,000 after buying an additional 7,877 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Alarm.com Holdings during the second quarter worth approximately $1,295,000. 84.05% of the stock is owned by institutional investors and hedge funds.
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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