AlarmCom (NASDAQ:ALRM) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of AlarmCom (NASDAQ:ALRM) from a buy rating to a hold rating in a research report released on Thursday, 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 equities analysts have also commented on the stock. Maxim Group reiterated a buy rating and set a $79.00 price objective on shares of AlarmCom in a research report on Friday, August 9th. BidaskClub lowered shares of AlarmCom from a hold rating to a sell rating in a research report on Saturday, October 12th. Roth Capital set a $51.00 price objective on shares of AlarmCom and gave the company a hold rating in a research report on Thursday, October 10th. Credit Suisse Group lowered their price objective on shares of AlarmCom from $70.00 to $62.00 and set an outperform rating for the company in a research report on Friday, August 9th. Finally, Imperial Capital reiterated an in-line rating and set a $58.00 price objective (down previously from $64.00) on shares of AlarmCom in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. AlarmCom has a consensus rating of Hold and an average price target of $67.20.

ALRM stock traded down $0.51 during trading on Thursday, hitting $47.21. 310,846 shares of the company’s stock traded hands, compared to its average volume of 433,171. AlarmCom has a 52 week low of $40.92 and a 52 week high of $71.50. The business has a fifty day simple moving average of $47.66 and a 200 day simple moving average of $54.68. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 36.04, a P/E/G ratio of 3.03 and a beta of 1.39.

AlarmCom (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, August 8th. The software maker reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.08. AlarmCom had a net margin of 5.05% and a negative return on equity of 98.00%. The business had revenue of $121.66 million during the quarter, compared to analyst estimates of $109.45 million. During the same quarter last year, the business earned $0.34 earnings per share. AlarmCom’s quarterly revenue was up 16.4% compared to the same quarter last year. As a group, analysts expect that AlarmCom will post 1.11 earnings per share for the current year.

In other news, insider Stephen Trundle sold 20,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $47.18, for a total value of $943,600.00. Following the sale, the insider now owns 242,443 shares of the company’s stock, valued at $11,438,460.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 26.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Private Capital Group LLC raised its stake in shares of AlarmCom by 26.5% in the second quarter. Private Capital Group LLC now owns 1,170 shares of the software maker’s stock valued at $47,000 after acquiring an additional 245 shares during the period. We Are One Seven LLC increased its stake in AlarmCom by 4.3% in the 2nd quarter. We Are One Seven LLC now owns 6,444 shares of the software maker’s stock worth $344,000 after buying an additional 264 shares during the period. United Services Automobile Association increased its stake in AlarmCom by 3.8% in the 2nd quarter. United Services Automobile Association now owns 7,700 shares of the software maker’s stock worth $412,000 after buying an additional 285 shares during the period. Oppenheimer Asset Management Inc. increased its stake in AlarmCom by 0.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 35,291 shares of the software maker’s stock worth $1,888,000 after buying an additional 330 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AlarmCom by 20.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,221 shares of the software maker’s stock worth $104,000 after buying an additional 373 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

About AlarmCom

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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