AlarmCom (ALRM) Rating Lowered to Hold at Jefferies Financial Group

Jefferies Financial Group lowered shares of AlarmCom (NASDAQ:ALRM) from a buy rating to a hold rating in a research report sent to investors on Monday, 24/7 WallStreet reports. The brokerage currently has $66.00 price target on the software maker’s stock, down from their previous price target of $71.00.

ALRM has been the topic of a number of other research reports. Northland Securities reaffirmed a buy rating and issued a $73.00 target price on shares of AlarmCom in a research report on Wednesday, April 10th. BidaskClub cut shares of AlarmCom from a buy rating to a hold rating in a research report on Thursday, February 28th. Zacks Investment Research cut shares of AlarmCom from a strong-buy rating to a hold rating in a research report on Wednesday, March 6th. Raymond James set a $77.00 target price on shares of AlarmCom and gave the company a buy rating in a research report on Friday, May 10th. Finally, ValuEngine cut shares of AlarmCom from a strong-buy rating to a buy rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $64.75.

NASDAQ ALRM opened at $58.39 on Monday. AlarmCom has a 12 month low of $36.28 and a 12 month high of $71.50. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 44.57, a P/E/G ratio of 3.87 and a beta of 1.46.



AlarmCom (NASDAQ:ALRM) last posted its earnings results on Thursday, February 28th. The software maker reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. AlarmCom had a net margin of 4.55% and a negative return on equity of 86.44%. The company had revenue of $111.40 million for the quarter, compared to analysts’ expectations of $99.63 million. Equities research analysts forecast that AlarmCom will post 1.13 EPS for the current fiscal year.

In other news, VP Daniel Ramos sold 607 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $64.63, for a total transaction of $39,230.41. Following the sale, the vice president now owns 448,100 shares of the company’s stock, valued at $28,960,703. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Kerzner sold 758 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $64.63, for a total transaction of $48,989.54. Following the sale, the insider now directly owns 39,133 shares in the company, valued at approximately $2,529,165.79. The disclosure for this sale can be found here. Insiders have sold 42,489 shares of company stock worth $2,811,169 in the last three months. Corporate insiders own 26.00% of the company’s stock.

A number of large investors have recently modified their holdings of ALRM. Oregon Public Employees Retirement Fund acquired a new stake in AlarmCom in the fourth quarter valued at approximately $30,000. Norges Bank acquired a new stake in AlarmCom in the fourth quarter valued at approximately $33,739,000. Pictet Asset Management Ltd. acquired a new stake in AlarmCom in the first quarter valued at approximately $33,878,000. Standard Life Aberdeen plc raised its holdings in AlarmCom by 55.1% in the fourth quarter. Standard Life Aberdeen plc now owns 1,387,431 shares of the software maker’s stock valued at $71,342,000 after acquiring an additional 492,660 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in AlarmCom by 14.1% in the third quarter. Vanguard Group Inc. now owns 3,323,794 shares of the software maker’s stock valued at $190,786,000 after acquiring an additional 410,254 shares in the last quarter. 97.31% of the stock is currently 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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