Northland Securities set a $51.00 price target on Alarm.com (NASDAQ:ALRM) in a research report report published on Thursday, November 16th. The firm currently has a buy rating on the software maker’s stock.
ALRM has been the topic of several other research reports. Zacks Investment Research lowered Alarm.com from a strong-buy rating to a hold rating in a report on Tuesday, October 10th. Jefferies Group initiated coverage on shares of Alarm.com in a report on Friday, October 6th. They issued a hold rating and a $43.00 price objective on the stock. William Blair restated an outperform rating on shares of Alarm.com in a report on Thursday, September 21st. Credit Suisse Group reaffirmed an outperform rating and issued a $46.00 target price (up from $37.00) on shares of Alarm.com in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $38.00 target price (up from $34.00) on shares of Alarm.com in a research report on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Alarm.com currently has an average rating of Buy and an average target price of $46.90.
Shares of Alarm.com (NASDAQ ALRM) traded down $1.72 during trading on Thursday, hitting $37.58. 1,087,533 shares of the company traded hands, compared to its average volume of 367,075. Alarm.com has a 52-week low of $26.68 and a 52-week high of $49.49. The company has a quick ratio of 2.88, a current ratio of 3.16 and a debt-to-equity ratio of -0.81. The stock has a market cap of $1,852.62, a price-to-earnings ratio of 43.67, a P/E/G ratio of 3.34 and a beta of 1.27.
Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $90.00 million for the quarter, compared to analysts’ expectations of $83.04 million. Alarm.com had a net margin of 9.97% and a negative return on equity of 42.00%. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 EPS. analysts anticipate that Alarm.com will post 0.83 EPS for the current year.
In other Alarm.com news, insider Vii Lp Tcv sold 121,885 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $42.40, for a total value of $5,167,924.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen Trundle sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $43.77, for a total value of $1,313,100.00. Following the completion of the sale, the chief executive officer now owns 222,191 shares of the company’s stock, valued at approximately $9,725,300.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 400,057 shares of company stock valued at $17,570,591. 46.80% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its stake in shares of Alarm.com by 42.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 60,664 shares of the software maker’s stock worth $2,283,000 after purchasing an additional 18,204 shares during the last quarter. Pier Capital LLC purchased a new stake in shares of Alarm.com during the second quarter worth approximately $5,916,000. Pictet Asset Management Ltd. purchased a new stake in shares of Alarm.com during the third quarter worth approximately $19,427,000. Oak Ridge Investments LLC purchased a new stake in shares of Alarm.com during the second quarter worth approximately $19,059,000. Finally, Alliancebernstein L.P. raised its stake in shares of Alarm.com by 107.2% during the second quarter. Alliancebernstein L.P. now owns 28,600 shares of the software maker’s stock worth $1,076,000 after purchasing an additional 14,800 shares during the last quarter. Institutional investors and hedge funds own 83.16% of the company’s stock.
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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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