Alarm.com Holdings, Inc. (NASDAQ:ALRM) had its target price raised by Bank of America Corporation from $39.00 to $46.00 in a report published on Wednesday morning. Bank of America Corporation currently has a buy rating on the software maker’s stock.
Other analysts have also recently issued reports about the stock. Maxim Group reissued a buy rating and issued a $44.00 price objective on shares of Alarm.com Holdings in a research note on Wednesday. BidaskClub raised shares of Alarm.com Holdings from a buy rating to a strong-buy rating in a research note on Wednesday. Roth Capital increased their price objective on shares of Alarm.com Holdings from $43.50 to $48.00 and gave the stock a buy rating in a research note on Wednesday. Northland Securities set a $41.00 price objective on shares of Alarm.com Holdings and gave the stock a buy rating in a research note on Wednesday, July 19th. Finally, Imperial Capital increased their price objective on shares of Alarm.com Holdings from $36.00 to $40.00 and gave the stock an outperform rating in a research note on Thursday, June 15th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $41.89.
Shares of Alarm.com Holdings (NASDAQ:ALRM) traded up 0.62% on Wednesday, reaching $40.80. 1,069,578 shares of the company’s stock traded hands. Alarm.com Holdings has a 52-week low of $24.52 and a 52-week high of $42.48. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 104.35 and a beta of 1.52. The firm’s 50-day moving average is $37.94 and its 200-day moving average is $33.00.
Alarm.com Holdings (NASDAQ:ALRM) last announced its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.14. The firm had revenue of $86 million during the quarter, compared to analysts’ expectations of $81.05 million. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 34.65%. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 earnings per share. Analysts anticipate that Alarm.com Holdings will post $0.97 EPS for the current fiscal year.
In related news, VP Daniel Ramos sold 40,000 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $32.40, for a total transaction of $1,296,000.00. Following the completion of the transaction, the vice president now owns 162,404 shares in the company, valued at $5,261,889.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Hutz sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $31.59, for a total transaction of $110,565.00. Following the transaction, the insider now owns 141,522 shares of the company’s stock, valued at approximately $4,470,679.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,777 shares of company stock valued at $6,874,334. 78.50% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Alarm.com Holdings by 40.8% in the first quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock worth $110,000 after buying an additional 1,039 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Alarm.com Holdings by 95.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after buying an additional 2,033 shares in the last quarter. Legal & General Group Plc raised its position in shares of Alarm.com Holdings by 57.4% in the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after buying an additional 1,673 shares in the last quarter. Quantbot Technologies LP acquired a new position in Alarm.com Holdings during the first quarter valued at approximately $178,000. Finally, American International Group Inc. raised its position in Alarm.com Holdings by 7.1% in the first quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock valued at $195,000 after buying an additional 422 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.
Alarm.com Holdings Company Profile
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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