AlarmCom (NASDAQ:ALRM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Alarm.com Holdings, Inc. offers interactive security solutions for home and business owners. The Company offers security systems which include image sensor, crash and smash protection, web control, mobile access and video monitoring. Alarm.com Holdings, Inc. is based in VIENNA, United States. “

Several other brokerages also recently issued reports on ALRM. Bank of America reiterated a “buy” rating and issued a $78.00 price objective (up previously from $67.00) on shares of AlarmCom in a research report on Friday, May 3rd. Roth Capital reiterated a “neutral” rating and issued a $73.00 price objective on shares of AlarmCom in a research report on Monday, April 29th. Northland Securities reiterated a “buy” rating and issued a $73.00 price objective on shares of AlarmCom in a research report on Friday, May 10th. Maxim Group reiterated a “buy” rating and issued a $79.00 price objective (up previously from $74.00) on shares of AlarmCom in a research report on Friday, May 10th. Finally, First Analysis downgraded AlarmCom from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the company from $70.00 to $75.00 in a research report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. AlarmCom presently has an average rating of “Hold” and a consensus price target of $64.75.

Shares of ALRM opened at $58.86 on Tuesday. AlarmCom has a 52-week low of $36.28 and a 52-week high of $71.50. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 44.93, a price-to-earnings-growth ratio of 3.87 and a beta of 1.46.

AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, February 28th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. AlarmCom had a negative return on equity of 86.44% and a net margin of 4.55%. The firm had revenue of $111.40 million during the quarter, compared to the consensus estimate of $99.63 million. On average, equities research analysts expect that AlarmCom will post 1.13 earnings per share for the current year.

In other news, insider Stephen Trundle sold 20,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $67.63, for a total transaction of $1,352,600.00. Following the completion of the sale, the insider now owns 242,443 shares in the company, valued at $16,396,420.09. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Steve Valenzuela sold 1,084 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $71.07, for a total value of $77,039.88. Following the sale, the chief financial officer now owns 41,633 shares of the company’s stock, valued at approximately $2,958,857.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,489 shares of company stock valued at $2,811,169. 26.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Intrinsic Edge Capital Management LLC raised its position in shares of AlarmCom by 489.5% during the fourth quarter. Intrinsic Edge Capital Management LLC now owns 442,603 shares of the software maker’s stock worth $22,958,000 after acquiring an additional 367,516 shares during the last quarter. Norges Bank bought a new stake in shares of AlarmCom during the fourth quarter worth $33,739,000. Thrivent Financial for Lutherans raised its position in shares of AlarmCom by 4.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 24,717 shares of the software maker’s stock worth $1,282,000 after acquiring an additional 980 shares during the last quarter. Handelsinvest Investeringsforvaltning bought a new stake in shares of AlarmCom during the fourth quarter worth $2,050,000. Finally, We Are One Seven LLC raised its position in shares of AlarmCom by 91.4% during the first quarter. We Are One Seven LLC now owns 6,180 shares of the software maker’s stock worth $401,000 after acquiring an additional 2,951 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

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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