Alarm.com Holdings, Inc. (NASDAQ:ALRM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Roth Capital in a research report issued to clients and investors on Friday. They currently have a $48.00 price objective on the software maker’s stock. Roth Capital’s price objective suggests a potential upside of 7.50% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Northland Securities set a $41.00 target price on shares of Alarm.com Holdings and gave the company a “buy” rating in a research note on Wednesday, July 19th. BidaskClub cut shares of Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Maxim Group raised their target price on shares of Alarm.com Holdings from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Bank of America Corporation raised their target price on shares of Alarm.com Holdings from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Monday, August 14th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $43.11.

Alarm.com Holdings (ALRM) traded down 0.29% during mid-day trading on Friday, reaching $44.52. 103,105 shares of the company were exchanged. The company’s 50 day moving average price is $41.36 and its 200-day moving average price is $35.13. Alarm.com Holdings has a 12 month low of $24.52 and a 12 month high of $45.93. The stock has a market capitalization of $2.08 billion, a P/E ratio of 113.86 and a beta of 1.48.

Alarm.com Holdings (NASDAQ:ALRM) last released its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.14. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 35.68%. The business had revenue of $86 million for the quarter, compared to analysts’ expectations of $81.05 million. During the same quarter last year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, equities analysts expect that Alarm.com Holdings will post $0.97 earnings per share for the current fiscal year.

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In other news, insider David Hutz sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $36.96, for a total transaction of $129,360.00. Following the completion of the transaction, the insider now owns 134,522 shares in the company, valued at approximately $4,971,933.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Daniel Ramos sold 34,777 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $36.06, for a total transaction of $1,254,058.62. Following the transaction, the vice president now owns 152,798 shares of the company’s stock, valued at approximately $5,509,895.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 338,217 shares of company stock valued at $14,012,553. Insiders own 78.50% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Koch Industries Inc. bought a new position in shares of Alarm.com Holdings during the 2nd quarter valued at about $485,000. 1st Global Advisors Inc. bought a new position in shares of Alarm.com Holdings during the 2nd quarter valued at about $275,000. California State Teachers Retirement System boosted its position in shares of Alarm.com Holdings by 77.2% during the 2nd quarter. California State Teachers Retirement System now owns 36,031 shares of the software maker’s stock valued at $1,356,000 after purchasing an additional 15,700 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Alarm.com Holdings by 88.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,761 shares of the software maker’s stock valued at $630,000 after purchasing an additional 7,877 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in shares of Alarm.com Holdings during the 2nd quarter valued at about $1,295,000. Institutional investors own 84.05% 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.

Analyst Recommendations for Alarm.com Holdings (NASDAQ:ALRM)

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