Alarm.com Holdings, Inc. (NASDAQ:ALRM) had its price target raised by Bank of America Corporation from $46.00 to $55.00 in a research note published on Tuesday, October 24th. Bank of America Corporation currently has a buy rating on the software maker’s stock.
Several other brokerages also recently issued reports on ALRM. Credit Suisse Group restated an outperform rating and set a $46.00 price objective (up from $37.00) on shares of Alarm.com Holdings in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Alarm.com Holdings from a strong-buy rating to a hold rating in a research report on Tuesday, October 10th. Northland Securities set a $41.00 price target on shares of Alarm.com Holdings and gave the company a buy rating in a research report on Wednesday, July 19th. William Blair reiterated an outperform rating on shares of Alarm.com Holdings in a research report on Thursday, September 21st. Finally, Stifel Nicolaus reiterated a hold rating and issued a $34.00 price target (up from $29.00) on shares of Alarm.com Holdings in a research report on Thursday, August 10th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $45.60.
Alarm.com Holdings (NASDAQ:ALRM) opened at $40.59 on Tuesday. Alarm.com Holdings has a 1-year low of $26.68 and a 1-year high of $49.49. The company has a quick ratio of 2.63, a current ratio of 2.85 and a debt-to-equity ratio of -0.70. The firm has a market capitalization of $1,913.41, a PE ratio of 45.10, a PEG ratio of 2.75 and a beta of 1.43.
Alarm.com Holdings (NASDAQ:ALRM) last posted its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. Alarm.com Holdings had a negative return on equity of 39.83% and a net margin of 9.97%. The business had revenue of $90.00 million during the quarter, compared to analysts’ expectations of $83.04 million. During the same quarter last year, the company posted $0.19 earnings per share. Alarm.com Holdings’s quarterly revenue was up 32.7% on a year-over-year basis. sell-side analysts expect that Alarm.com Holdings will post 0.85 earnings per share for the current fiscal year.
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In related news, VP Daniel Ramos sold 10,063 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $47.02, for a total value of $473,162.26. Following the sale, the vice president now owns 57,127 shares of the company’s stock, valued at $2,686,111.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stephen Trundle sold 78,542 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $45.25, for a total transaction of $3,554,025.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 310,214 shares of company stock worth $13,887,962. Insiders own 78.50% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in ALRM. SG Americas Securities LLC acquired a new position in Alarm.com Holdings in the third quarter valued at $109,000. Victory Capital Management Inc. lifted its holdings in Alarm.com Holdings by 40.8% in the first quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock valued at $110,000 after buying an additional 1,039 shares during the period. Macquarie Group Ltd. acquired a new position in Alarm.com Holdings in the third quarter valued at $147,000. BNP Paribas Arbitrage SA lifted its holdings in Alarm.com Holdings by 95.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock valued at $156,000 after buying an additional 2,033 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Alarm.com Holdings by 57.4% in the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock valued at $172,000 after buying an additional 1,673 shares during the period. Institutional investors and hedge funds own 85.45% of the company’s stock.
About Alarm.com Holdings
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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