Shares of AlarmCom Hldg Inc (NASDAQ:ALRM) have been assigned an average rating of “Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $65.00.
Several equities research analysts have commented on ALRM shares. Zacks Investment Research lowered AlarmCom from a “hold” rating to a “sell” rating in a research note on Monday, June 8th. Northland Securities reiterated a “buy” rating and set a $65.00 price objective on shares of AlarmCom in a research note on Monday, April 13th. ValuEngine lowered AlarmCom from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Maxim Group restated a “buy” rating and set a $79.00 target price on shares of AlarmCom in a report on Saturday, May 9th. Finally, Roth Capital boosted their target price on AlarmCom from $51.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd.
NASDAQ:ALRM traded up $1.04 during trading hours on Friday, hitting $64.80. 8,428 shares of the stock were exchanged, compared to its average volume of 765,111. AlarmCom has a 52-week low of $32.00 and a 52-week high of $65.02. The firm’s fifty day moving average price is $54.94 and its 200 day moving average price is $46.28. The company has a current ratio of 3.98, a quick ratio of 3.51 and a debt-to-equity ratio of 0.42. The company has a market cap of $3.10 billion, a P/E ratio of 61.17, a P/E/G ratio of 5.31 and a beta of 1.15.
In related news, CEO Stephen Trundle sold 4,752 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $37.12, for a total value of $176,394.24. Following the transaction, the chief executive officer now directly owns 272,493 shares in the company, valued at $10,114,940.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steve Valenzuela sold 649 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $49.57, for a total value of $32,170.93. Following the completion of the transaction, the chief financial officer now owns 49,787 shares in the company, valued at $2,467,941.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,706,103 shares of company stock worth $268,652,579. Insiders own 20.80% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALRM. FDx Advisors Inc. acquired a new position in AlarmCom in the first quarter valued at approximately $32,000. Harvest Fund Management Co. Ltd purchased a new stake in AlarmCom in the first quarter valued at approximately $62,000. Mutual of America Capital Management LLC raised its position in AlarmCom by 24.2% in the first quarter. Mutual of America Capital Management LLC now owns 1,601 shares of the software maker’s stock valued at $62,000 after purchasing an additional 312 shares during the period. Pearl River Capital LLC purchased a new stake in AlarmCom in the first quarter valued at approximately $65,000. Finally, Fifth Third Bancorp raised its position in AlarmCom by 23.8% in the first quarter. Fifth Third Bancorp now owns 1,876 shares of the software maker’s stock valued at $73,000 after purchasing an additional 361 shares during the period. Hedge funds and other institutional investors own 97.36% 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.
Read More: Guidelines for Successful Channel Trading
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.