Goldman Sachs Group Lowers AlarmCom (ALRM) to Sell

Goldman Sachs Group cut shares of AlarmCom (NASDAQ:ALRM) from a neutral rating to a sell rating in a report issued on Wednesday, MarketBeat.com reports. Goldman Sachs Group currently has $30.00 price objective on the software maker’s stock.

ALRM has been the subject of several other reports. Raymond James restated an outperform rating and set a $48.00 price target on shares of AlarmCom in a report on Monday, March 19th. Zacks Investment Research cut shares of AlarmCom from a buy rating to a hold rating in a report on Monday, February 26th. BidaskClub upgraded shares of AlarmCom from a hold rating to a buy rating in a report on Friday, February 23rd. Maxim Group restated a buy rating and set a $59.00 price target (up from $57.00) on shares of AlarmCom in a report on Wednesday, February 28th. Finally, First Analysis set a $52.00 price target on shares of AlarmCom and gave the stock a buy rating in a report on Tuesday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. AlarmCom presently has a consensus rating of Buy and a consensus target price of $47.00.

ALRM stock opened at $37.60 on Wednesday. The company has a quick ratio of 4.32, a current ratio of 4.66 and a debt-to-equity ratio of -0.94. The company has a market cap of $1.76 billion, a P/E ratio of 49.47, a P/E/G ratio of 2.27 and a beta of 1.15. AlarmCom has a 52 week low of $33.39 and a 52 week high of $49.49.

AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, May 3rd. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. The business had revenue of $92.80 million during the quarter, compared to analysts’ expectations of $89.59 million. AlarmCom had a net margin of 10.01% and a negative return on equity of 57.77%. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share. analysts anticipate that AlarmCom will post 0.96 earnings per share for the current year.

In other AlarmCom news, CEO Stephen Trundle sold 15,000 shares of AlarmCom stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $45.51, for a total value of $682,650.00. Following the completion of the sale, the chief executive officer now directly owns 204,691 shares in the company, valued at $9,315,487.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hugh Panero sold 10,000 shares of AlarmCom stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $45.38, for a total transaction of $453,800.00. Following the completion of the sale, the director now owns 5,950 shares of the company’s stock, valued at $270,011. The disclosure for this sale can be found here. Insiders sold 489,449 shares of company stock valued at $21,024,690 over the last quarter. Corporate insiders own 37.10% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in shares of AlarmCom by 28.4% in the first quarter. Victory Capital Management Inc. now owns 6,024 shares of the software maker’s stock worth $227,000 after buying an additional 1,334 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of AlarmCom by 3.9% in the first quarter. Prudential Financial Inc. now owns 42,190 shares of the software maker’s stock worth $1,592,000 after buying an additional 1,600 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of AlarmCom by 10.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,549 shares of the software maker’s stock worth $625,000 after buying an additional 1,610 shares during the last quarter. Swiss National Bank lifted its stake in shares of AlarmCom by 6.3% in the first quarter. Swiss National Bank now owns 28,500 shares of the software maker’s stock worth $1,076,000 after buying an additional 1,700 shares during the last quarter. Finally, We Are One Seven LLC lifted its stake in shares of AlarmCom by 372.4% in the first quarter. We Are One Seven LLC now owns 2,773 shares of the software maker’s stock worth $105,000 after buying an additional 2,186 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

AlarmCom Company Profile

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.

Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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