AlarmCom (NASDAQ:ALRM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Zacks.com reports. The firm currently has a $54.00 price target on the software maker’s stock. Zacks Investment Research‘s price target suggests a potential upside of 15.51% from the company’s current price.
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. “
A number of other research analysts also recently weighed in on ALRM. BidaskClub downgraded shares of AlarmCom from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. First Analysis cut shares of AlarmCom from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $70.00 to $75.00 in a report on Friday, May 10th. Jefferies Financial Group cut shares of AlarmCom from a “buy” rating to a “hold” rating and reduced their target price for the company from $71.00 to $66.00 in a report on Monday, May 13th. Bank of America reaffirmed a “buy” rating and set a $78.00 target price (up from $67.00) on shares of AlarmCom in a report on Friday, May 3rd. Finally, Raymond James set a $77.00 target price on shares of AlarmCom and gave the company a “buy” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. AlarmCom has an average rating of “Buy” and a consensus price target of $67.70.
AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.32 by $0.08. The firm had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $109.45 million. AlarmCom had a negative return on equity of 89.29% and a net margin of 5.05%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. Equities analysts predict that AlarmCom will post 1.11 EPS for the current fiscal year.
In other news, CFO Steve Valenzuela sold 1,083 shares of AlarmCom stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $57.99, for a total value of $62,803.17. Following the completion of the transaction, the chief financial officer now owns 41,632 shares in the company, valued at approximately $2,414,239.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Jean-Paul Martin sold 952 shares of AlarmCom stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $58.41, for a total value of $55,606.32. Following the completion of the transaction, the chief technology officer now owns 146,458 shares of the company’s stock, valued at approximately $8,554,611.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,304 shares of company stock valued at $192,544. Insiders own 26.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of ALRM. BlackRock Inc. raised its position in shares of AlarmCom by 3.3% during the first quarter. BlackRock Inc. now owns 5,047,888 shares of the software maker’s stock worth $327,609,000 after purchasing an additional 161,884 shares during the period. Brown Capital Management LLC lifted its position in shares of AlarmCom by 39.2% during the 2nd quarter. Brown Capital Management LLC now owns 4,488,606 shares of the software maker’s stock worth $240,140,000 after purchasing an additional 1,264,342 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in shares of AlarmCom by 43.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 749,691 shares of the software maker’s stock worth $40,108,000 after purchasing an additional 227,691 shares during the last quarter. Norges Bank acquired a new position in shares of AlarmCom during the 4th quarter worth about $33,739,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of AlarmCom by 35.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 636,431 shares of the software maker’s stock worth $33,012,000 after buying an additional 165,244 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.
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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