AlarmCom Hldg Inc (ALRM) Lowered to “Hold” at Zacks Investment Research
AlarmCom Hldg Inc (NASDAQ:ALRM) was downgraded by Zacks Investment Research from a “strong-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. “
Several other brokerages have also weighed in on ALRM. Northland Securities set a $41.00 price objective on shares of AlarmCom Hldg and gave the company a “buy” rating in a report on Wednesday, July 19th. William Blair reissued an “outperform” rating on shares of AlarmCom Hldg in a research report on Thursday, September 21st. BidaskClub downgraded shares of AlarmCom Hldg from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Maxim Group boosted their target price on shares of AlarmCom Hldg from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Finally, Imperial Capital boosted their target price on shares of AlarmCom Hldg from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, June 15th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $43.10.
AlarmCom Hldg (ALRM) traded down 0.77% on Tuesday, hitting $47.50. The stock had a trading volume of 250,861 shares. AlarmCom Hldg has a 1-year low of $26.68 and a 1-year high of $48.48. The company’s 50 day moving average is $45.43 and its 200-day moving average is $45.43. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 121.48 and a beta of 1.45.
AlarmCom Hldg (NASDAQ:ALRM) last released its earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.14. The business had revenue of $86.00 million for the quarter, compared to analyst estimates of $81.05 million. AlarmCom Hldg had a net margin of 11.47% and a return on equity of 19.31%. AlarmCom Hldg’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. On average, analysts forecast that AlarmCom Hldg will post $0.97 EPS for the current year.
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In related news, insider Vii Lp Tcv sold 58,898 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $43.93, for a total transaction of $2,587,389.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Trundle sold 78,542 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $45.25, for a total transaction of $3,554,025.50. The disclosure for this sale can be found here. Insiders have sold a total of 367,442 shares of company stock valued at $15,828,887 over the last three months. Insiders own 46.80% of the company’s stock.
Several hedge funds have recently made changes to their positions in ALRM. American International Group Inc. increased its holdings in shares of AlarmCom Hldg by 7.1% in the 1st quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock worth $195,000 after buying an additional 422 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of AlarmCom Hldg by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after buying an additional 632 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of AlarmCom Hldg by 5.6% in the 4th quarter. Teachers Advisors LLC now owns 17,307 shares of the software maker’s stock worth $482,000 after buying an additional 921 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of AlarmCom Hldg by 57.4% in the 2nd 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 during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of AlarmCom Hldg by 95.8% in the 2nd 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 during the last quarter. Institutional investors own 84.05% of the company’s stock.
AlarmCom Hldg 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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