AlarmCom Hldg Inc (NASDAQ:ALRM) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of AlarmCom Hldg Inc (NASDAQ:ALRM) have received an average rating of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $69.22.

ALRM has been the topic of a number of research reports. ValuEngine cut shares of AlarmCom from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Zacks Investment Research cut shares of AlarmCom from a “buy” rating to a “hold” rating in a report on Wednesday. Raymond James set a $77.00 price target on shares of AlarmCom and gave the stock a “buy” rating in a report on Friday, May 10th. Northland Securities reaffirmed a “buy” rating and issued a $73.00 price target on shares of AlarmCom in a report on Friday, May 10th. Finally, Bank of America reaffirmed a “buy” rating and issued a $78.00 price target (up previously from $67.00) on shares of AlarmCom in a report on Friday, May 3rd.

In other AlarmCom news, CTO Jean-Paul Martin sold 952 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $58.41, for a total transaction of $55,606.32. Following the sale, the chief technology officer now owns 146,458 shares of the company’s stock, valued at approximately $8,554,611.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steve Valenzuela sold 1,083 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $57.99, for a total transaction of $62,803.17. Following the sale, the chief financial officer now directly owns 41,632 shares in the company, valued at approximately $2,414,239.68. The disclosure for this sale can be found here. Insiders have sold a total of 3,304 shares of company stock worth $192,544 in the last three months. Insiders own 26.00% of the company’s stock.



Hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new position in AlarmCom in the second quarter worth $1,048,000. Marshall Wace LLP grew its position in AlarmCom by 138.7% in the second quarter. Marshall Wace LLP now owns 21,117 shares of the software maker’s stock worth $1,130,000 after acquiring an additional 12,272 shares in the last quarter. Morgan Stanley grew its position in AlarmCom by 213.6% in the second quarter. Morgan Stanley now owns 185,201 shares of the software maker’s stock worth $9,909,000 after acquiring an additional 126,136 shares in the last quarter. AQR Capital Management LLC grew its position in AlarmCom by 1.6% in the second quarter. AQR Capital Management LLC now owns 32,766 shares of the software maker’s stock worth $1,753,000 after acquiring an additional 524 shares in the last quarter. Finally, Balyasny Asset Management LLC purchased a new position in AlarmCom in the second quarter worth $2,401,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ ALRM traded down $0.46 during midday trading on Wednesday, reaching $46.29. The company’s stock had a trading volume of 489,400 shares, compared to its average volume of 475,151. AlarmCom has a 12-month low of $40.92 and a 12-month high of $71.50. The firm has a 50 day moving average price of $50.80. The firm has a market cap of $2.43 billion, a PE ratio of 35.34, a P/E/G ratio of 3.81 and a beta of 1.38.

AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The company had revenue of $121.66 million for the quarter, compared to analysts’ expectations of $109.45 million. AlarmCom had a net margin of 5.05% and a negative return on equity of 89.29%. AlarmCom’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. As a group, equities analysts forecast that AlarmCom will post 1.11 EPS for the current fiscal year.

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.

Read More: Elliott Wave Theory

Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

Receive News & Ratings for AlarmCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AlarmCom and related companies with MarketBeat.com's FREE daily email newsletter.