Wall Street brokerages predict that AlarmCom Hldg Inc (NASDAQ:ALRM) will post sales of $83.56 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for AlarmCom’s earnings, with the lowest sales estimate coming in at $83.30 million and the highest estimate coming in at $83.74 million. AlarmCom reported sales of $69.79 million in the same quarter last year, which indicates a positive year over year growth rate of 19.7%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, February 27th.
On average, analysts expect that AlarmCom will report full year sales of $83.56 million for the current year, with estimates ranging from $333.39 million to $333.80 million. For the next financial year, analysts anticipate that the business will post sales of $382.06 million per share, with estimates ranging from $381.20 million to $383.14 million. Zacks’ sales averages are an average based on a survey of analysts that follow AlarmCom.
A number of analysts have recently commented on ALRM shares. Maxim Group reiterated a “buy” rating and set a $57.00 target price on shares of AlarmCom in a research report on Tuesday, November 21st. Northland Securities set a $51.00 target price on AlarmCom and gave the stock a “buy” rating in a research report on Thursday, November 16th. Bank of America lifted their target price on AlarmCom from $46.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Jefferies Group upgraded AlarmCom from a “hold” rating to a “buy” rating and cut their target price for the stock from $44.00 to $43.00 in a research report on Thursday, January 18th. Finally, BidaskClub upgraded AlarmCom from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $46.80.
In related news, Director Hugh Panero sold 16,114 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $37.26, for a total transaction of $600,407.64. Following the transaction, the director now owns 58,615 shares of the company’s stock, valued at $2,183,994.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Vii Lp Tcv sold 121,885 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $42.40, for a total value of $5,167,924.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,406 shares of company stock worth $6,518,901. Corporate insiders own 46.80% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in AlarmCom by 116.3% in the 4th quarter. BlackRock Inc. now owns 2,885,799 shares of the software maker’s stock valued at $108,938,000 after purchasing an additional 1,551,418 shares in the last quarter. Franklin Resources Inc. boosted its holdings in AlarmCom by 2.1% in the 4th quarter. Franklin Resources Inc. now owns 1,472,817 shares of the software maker’s stock valued at $55,599,000 after purchasing an additional 29,961 shares in the last quarter. Brown Advisory Inc. boosted its holdings in AlarmCom by 501.2% in the 4th quarter. Brown Advisory Inc. now owns 820,167 shares of the software maker’s stock valued at $30,961,000 after purchasing an additional 683,743 shares in the last quarter. Vanguard Group Inc. boosted its holdings in AlarmCom by 21.7% in the 2nd quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock valued at $29,229,000 after purchasing an additional 138,595 shares in the last quarter. Finally, Standard Life Aberdeen plc boosted its holdings in AlarmCom by 23.5% in the 4th quarter. Standard Life Aberdeen plc now owns 537,718 shares of the software maker’s stock valued at $20,291,000 after purchasing an additional 102,211 shares in the last quarter. 87.90% of the stock is currently owned by hedge funds and other institutional investors.
AlarmCom (ALRM) traded up $0.52 on Tuesday, hitting $38.40. The stock had a trading volume of 412,800 shares, compared to its average volume of 479,935. The company has a debt-to-equity ratio of -0.81, a current ratio of 3.16 and a quick ratio of 2.88. AlarmCom has a twelve month low of $27.05 and a twelve month high of $49.49. The firm has a market capitalization of $1,810.19, a PE ratio of 59.05, a P/E/G ratio of 3.14 and a beta of 1.13.
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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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