Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been given an average rating of “Buy” by the twelve analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $45.56.
Several research firms recently commented on ALRM. Northland Securities restated a “buy” rating and set a $51.00 price target on shares of Alarm.com Holdings in a research report on Friday, October 13th. Bank of America Corporation lifted their target price on shares of Alarm.com Holdings from $46.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Jefferies Group LLC started coverage on shares of Alarm.com Holdings in a research report on Friday, October 6th. They issued a “hold” rating and a $43.00 target price on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $38.00 target price (up previously from $34.00) on shares of Alarm.com Holdings in a research report on Thursday, November 9th.
In other news, VP Daniel Ramos sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $43.35, for a total value of $1,734,000.00. Following the transaction, the vice president now directly owns 127,127 shares of the company’s stock, valued at $5,510,955.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David Hutz sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $43.82, for a total transaction of $153,370.00. Following the completion of the transaction, the insider now directly owns 90,522 shares in the company, valued at $3,966,674.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 310,214 shares of company stock worth $13,887,962. Company insiders own 46.80% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Riverbridge Partners LLC purchased a new position in shares of Alarm.com Holdings in the second quarter worth about $50,898,000. Janus Henderson Group PLC purchased a new position in shares of Alarm.com Holdings in the second quarter worth about $37,684,000. Vanguard Group Inc. lifted its stake in shares of Alarm.com Holdings by 21.7% in the second quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock worth $29,229,000 after buying an additional 138,595 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Alarm.com Holdings by 61.6% in the second quarter. Renaissance Technologies LLC now owns 593,000 shares of the software maker’s stock worth $22,315,000 after buying an additional 226,000 shares in the last quarter. Finally, Oak Ridge Investments LLC purchased a new position in shares of Alarm.com Holdings in the second quarter worth about $19,059,000. 76.39% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Alarm.com Holdings (NASDAQ ALRM) opened at $44.20 on Monday. The company has a market cap of $2,083.61, a price-to-earnings ratio of 49.11, a P/E/G ratio of 3.76 and a beta of 1.43. The company has a current ratio of 3.16, a quick ratio of 2.88 and a debt-to-equity ratio of -0.81. Alarm.com Holdings has a 52-week low of $26.68 and a 52-week high of $49.49.
Alarm.com Holdings (NASDAQ:ALRM) last released its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.07. The company had revenue of $90.00 million for the quarter, compared to analyst estimates of $83.04 million. Alarm.com Holdings had a net margin of 9.97% and a negative return on equity of 42.00%. The firm’s revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the business earned $0.19 earnings per share. equities analysts expect that Alarm.com Holdings will post 0.83 EPS for the current year.
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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