AlarmCom Hldg Inc (NASDAQ:ALRM) has been assigned an average rating of “Buy” from the thirteen analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $68.00.
A number of equities analysts recently issued reports on ALRM shares. Zacks Investment Research downgraded shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Raymond James reissued a “buy” rating on shares of Canadian Natural Resources in a report on Friday, May 10th. First Analysis downgraded shares of ChannelAdvisor from a “strong-buy” rating to an “outperform” rating and set a $10.02 price objective on the stock. in a report on Friday, May 10th. Maxim Group set a $7.00 price objective on shares of Net 1 UEPS Technologies and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, BidaskClub raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Thursday.
In other AlarmCom news, CFO Steve Valenzuela sold 1,084 shares of AlarmCom stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $71.07, for a total transaction of $77,039.88. Following the transaction, the chief financial officer now owns 41,633 shares of the company’s stock, valued at $2,958,857.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Trundle sold 20,000 shares of AlarmCom stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $67.63, for a total transaction of $1,352,600.00. Following the transaction, the insider now directly owns 242,443 shares in the company, valued at approximately $16,396,420.09. The disclosure for this sale can be found here. Insiders have sold 24,388 shares of company stock worth $1,622,184 in the last ninety days. Insiders own 26.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. ClariVest Asset Management LLC purchased a new position in shares of AlarmCom in the first quarter worth $1,531,000. Norges Bank purchased a new position in shares of AlarmCom in the fourth quarter worth $33,739,000. Thrivent Financial for Lutherans lifted its holdings in shares of AlarmCom by 4.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 24,717 shares of the software maker’s stock worth $1,282,000 after buying an additional 980 shares in the last quarter. We Are One Seven LLC lifted its holdings in shares of AlarmCom by 91.4% in the first quarter. We Are One Seven LLC now owns 6,180 shares of the software maker’s stock worth $401,000 after buying an additional 2,951 shares in the last quarter. Finally, SHANDA ASSET MANAGEMENT HOLDINGS Ltd lifted its holdings in shares of AlarmCom by 60.0% in the fourth quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd now owns 120,000 shares of the software maker’s stock worth $6,224,000 after buying an additional 45,000 shares in the last quarter. 93.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ALRM stock traded up $0.65 during trading hours on Friday, reaching $52.39. The company had a trading volume of 549,100 shares, compared to its average volume of 467,687. The business has a fifty day moving average of $53.49. AlarmCom has a one year low of $40.92 and a one year high of $71.50. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 39.63, a PEG ratio of 3.88 and a beta of 1.39.
AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, May 9th. The software maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. AlarmCom had a net margin of 4.55% and a negative return on equity of 86.44%. The firm had revenue of $112.34 million during the quarter, compared to analyst estimates of $102.35 million. During the same period in the previous year, the business posted $0.34 earnings per share. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, research analysts forecast that AlarmCom will post 1.11 EPS for the current year.
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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