Alarm.com Holdings Inc. (ALRM) Stock Rating Lowered by Zacks Investment Research
Alarm.com Holdings Inc. (NASDAQ:ALRM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Alarm.com Holdings, Inc. offers interactive security solutions for home and business owners. The Company offers security systems which include image sensor, crash and smash protection, web control, mobile access and video monitoring. Alarm.com Holdings, Inc. is based in VIENNA, United States. “
ALRM has been the subject of a number of other reports. Roth Capital started coverage on shares of Alarm.com Holdings in a research report on Monday, October 3rd. They issued a “buy” rating and a $33.50 target price for the company. Citigroup Inc. cut shares of Alarm.com Holdings to a “market perform” rating in a research report on Tuesday, August 16th. They noted that the move was a valuation call. Imperial Capital raised their price objective on shares of Alarm.com Holdings from $24.50 to $30.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 16th. Goldman Sachs Group Inc. raised their price objective on shares of Alarm.com Holdings from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Finally, Raymond James Financial Inc. cut shares of Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 16th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Alarm.com Holdings presently has a consensus rating of “Buy” and an average target price of $28.05.
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Shares of Alarm.com Holdings (NASDAQ:ALRM) traded up 0.68% during midday trading on Tuesday, hitting $29.81. 194,874 shares of the stock traded hands. The stock has a 50-day moving average of $27.60 and a 200-day moving average of $25.52. Alarm.com Holdings has a 52-week low of $11.86 and a 52-week high of $33.13. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 126.31 and a beta of 1.90.
Alarm.com Holdings (NASDAQ:ALRM) last issued its earnings results on Monday, August 15th. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. The business earned $64.42 million during the quarter, compared to analysts’ expectations of $58.61 million. Alarm.com Holdings had a net margin of 4.74% and a negative return on equity of 18.64%. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share. On average, equities analysts predict that Alarm.com Holdings will post $0.50 earnings per share for the current fiscal year.
In related news, insider Jean-Paul Martin sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $24.69, for a total transaction of $1,234,500.00. Following the completion of the sale, the insider now directly owns 172,904 shares in the company, valued at $4,268,999.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 78.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ALRM. American International Group Inc. boosted its stake in Alarm.com Holdings by 21.9% in the second quarter. American International Group Inc. now owns 5,938 shares of the company’s stock valued at $152,000 after buying an additional 1,067 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Alarm.com Holdings during the second quarter worth $165,000. Nationwide Fund Advisors boosted its stake in shares of Alarm.com Holdings by 33.2% in the second quarter. Nationwide Fund Advisors now owns 6,701 shares of the company’s stock worth $172,000 after buying an additional 1,671 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Alarm.com Holdings by 813,100.0% in the first quarter. Royal Bank of Canada now owns 8,132 shares of the company’s stock worth $193,000 after buying an additional 8,131 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new stake in shares of Alarm.com Holdings during the second quarter worth $201,000. Hedge funds and other institutional investors own 61.49% of the company’s stock.
About Alarm.com Holdings
Alarm.com Holdings, Inc is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Company operates through two segments: Alarm.com and Other. The Company’s Alarm.com segment represents its cloud-based platform for the connected home and related connected home solutions.
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