Imperial Capital Cuts AlarmCom (NASDAQ:ALRM) Price Target to $51.00

AlarmCom (NASDAQ:ALRM) had its target price lowered by Imperial Capital from $58.00 to $51.00 in a report issued on Thursday, Briefing.com Automated Import reports. The firm currently has an in-line rating on the software maker’s stock.

A number of other equities analysts also recently commented on the stock. Credit Suisse Group decreased their price objective on shares of AlarmCom from $70.00 to $62.00 and set an outperform rating for the company in a report on Friday, August 9th. BidaskClub raised shares of AlarmCom from a sell rating to a hold rating in a report on Wednesday, October 23rd. Maxim Group reaffirmed a buy rating and issued a $79.00 price objective on shares of AlarmCom in a report on Friday, August 9th. Zacks Investment Research downgraded shares of AlarmCom from a buy rating to a hold rating in a report on Monday, October 28th. Finally, ValuEngine downgraded shares of AlarmCom from a buy rating to a hold rating in a report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $65.70.

NASDAQ:ALRM traded down $2.01 during trading hours on Thursday, reaching $45.37. 419,900 shares of the company’s stock were exchanged, compared to its average volume of 432,374. The company has a 50-day moving average of $47.78 and a 200 day moving average of $52.73. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 34.63, a P/E/G ratio of 3.31 and a beta of 1.39. AlarmCom has a 1-year low of $43.52 and a 1-year high of $71.50.

AlarmCom (NASDAQ:ALRM) last released its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The firm had revenue of $127.90 million during the quarter, compared to the consensus estimate of $114.62 million. AlarmCom had a net margin of 10.23% and a negative return on equity of 105.06%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. Equities research analysts forecast that AlarmCom will post 1.11 earnings per share for the current fiscal year.

In other news, insider Stephen Trundle sold 20,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $47.18, for a total transaction of $943,600.00. Following the completion of the transaction, the insider now owns 242,443 shares of the company’s stock, valued at $11,438,460.74. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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. BlackRock Inc. boosted its holdings in shares of AlarmCom by 11.9% during the second quarter. BlackRock Inc. now owns 5,650,949 shares of the software maker’s stock valued at $302,326,000 after acquiring an additional 603,061 shares during the period. Brown Capital Management LLC boosted its holdings in shares of AlarmCom by 39.2% during the second quarter. Brown Capital Management LLC now owns 4,488,606 shares of the software maker’s stock valued at $240,140,000 after acquiring an additional 1,264,342 shares during the period. Vanguard Group Inc. boosted its holdings in shares of AlarmCom by 2.8% during the second quarter. Vanguard Group Inc. now owns 3,995,055 shares of the software maker’s stock valued at $213,737,000 after acquiring an additional 109,046 shares during the period. Riverbridge Partners LLC boosted its holdings in shares of AlarmCom by 26.4% during the third quarter. Riverbridge Partners LLC now owns 1,506,830 shares of the software maker’s stock valued at $70,279,000 after acquiring an additional 314,346 shares during the period. Finally, Pictet Asset Management Ltd. boosted its holdings in shares of AlarmCom by 43.6% during the second quarter. Pictet Asset Management Ltd. now owns 749,691 shares of the software maker’s stock valued at $40,108,000 after acquiring an additional 227,691 shares during the period. 98.88% of the stock is owned by institutional investors.

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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Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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