AlarmCom (ALRM) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of AlarmCom (NASDAQ:ALRM) from a hold rating to a buy rating in a report released on Friday morning.

Other equities analysts have also recently issued reports about the stock. Roth Capital lifted their price objective on shares of AlarmCom from $51.00 to $57.00 and gave the stock a buy rating in a research note on Wednesday, August 8th. Jefferies Financial Group lifted their price target on shares of AlarmCom to $55.00 and gave the stock a buy rating in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of AlarmCom from a hold rating to a buy rating and set a $56.00 price target for the company in a research note on Monday, August 13th. BidaskClub cut shares of AlarmCom from a strong-buy rating to a buy rating in a research note on Tuesday, October 9th. Finally, Maxim Group lifted their price target on shares of AlarmCom from $59.00 to $69.00 and gave the stock a buy rating in a research note on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued 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 price target of $53.75.

Shares of NASDAQ:ALRM opened at $46.87 on Friday. AlarmCom has a 52 week low of $33.39 and a 52 week high of $60.20. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 61.67, a price-to-earnings-growth ratio of 2.73 and a beta of 1.67.

AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. AlarmCom had a net margin of 9.75% and a negative return on equity of 64.90%. The business had revenue of $104.49 million during the quarter, compared to analysts’ expectations of $94.72 million. As a group, sell-side analysts anticipate that AlarmCom will post 1.01 earnings per share for the current fiscal year.

In related news, insider Jean-Paul Martin sold 10,000 shares of AlarmCom stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $56.68, for a total transaction of $566,800.00. Following the completion of the sale, the insider now owns 148,004 shares in the company, valued at approximately $8,388,866.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Hugh Panero sold 1,115 shares of AlarmCom stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $56.75, for a total transaction of $63,276.25. Following the sale, the director now owns 4,835 shares of the company’s stock, valued at approximately $274,386.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 324,245 shares of company stock valued at $17,998,456. 37.10% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ALRM. Advisory Services Network LLC raised its stake in shares of AlarmCom by 2,323.9% during the 3rd quarter. Advisory Services Network LLC now owns 5,478 shares of the software maker’s stock worth $314,000 after acquiring an additional 5,252 shares in the last quarter. American Capital Management Inc. raised its stake in shares of AlarmCom by 0.7% during the 3rd quarter. American Capital Management Inc. now owns 164,035 shares of the software maker’s stock worth $9,416,000 after acquiring an additional 1,205 shares in the last quarter. Comerica Bank raised its stake in shares of AlarmCom by 26.2% during the 3rd quarter. Comerica Bank now owns 33,618 shares of the software maker’s stock worth $1,550,000 after acquiring an additional 6,982 shares in the last quarter. Engineers Gate Manager LP raised its stake in shares of AlarmCom by 29.3% during the 3rd quarter. Engineers Gate Manager LP now owns 19,783 shares of the software maker’s stock worth $1,136,000 after acquiring an additional 4,483 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of AlarmCom by 30.2% during the 3rd quarter. US Bancorp DE now owns 19,963 shares of the software maker’s stock worth $1,147,000 after acquiring an additional 4,625 shares in the last quarter. Institutional investors own 96.99% 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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