Zacks Investment Research Upgrades AlarmCom (ALRM) to Strong-Buy

AlarmCom (NASDAQ:ALRM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday. The firm presently has a $45.00 price objective on the software maker’s stock. Zacks Investment Research‘s price objective points to a potential upside of 16.19% from the stock’s previous close.

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. “

Other analysts have also recently issued research reports about the stock. Maxim Group reaffirmed a “buy” rating and set a $57.00 target price on shares of AlarmCom in a research note on Tuesday, November 21st. Northland Securities set a $51.00 target price on shares of AlarmCom and gave the stock a “buy” rating in a research note on Thursday, November 16th. Bank of America boosted their target price on shares of AlarmCom from $46.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Jefferies Group raised shares of AlarmCom from a “hold” rating to a “buy” rating and decreased their target price for the stock from $44.00 to $43.00 in a research note on Thursday. Finally, BidaskClub raised shares of AlarmCom from a “sell” rating to a “hold” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. AlarmCom has a consensus rating of “Buy” and a consensus target price of $46.80.

Shares of AlarmCom (NASDAQ:ALRM) traded down $0.70 on Monday, reaching $38.73. 806,100 shares of the company’s stock traded hands, compared to its average volume of 625,008. AlarmCom has a 1-year low of $26.84 and a 1-year high of $49.49. The firm has a market capitalization of $1,830.00 and a P/E ratio of 59.58. The company has a current ratio of 3.16, a quick ratio of 2.88 and a debt-to-equity ratio of -0.81.

AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.20 by $0.07. The business had revenue of $90.00 million during the quarter, compared to the consensus estimate of $83.04 million. AlarmCom had a net margin of 9.97% and a negative return on equity of 42.00%. The company’s revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 earnings per share. equities analysts expect that AlarmCom will post 0.82 earnings per share for the current year.

In related news, Director Hugh Panero sold 16,114 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $37.26, for a total value of $600,407.64. Following the sale, the director now owns 58,615 shares of the company’s stock, valued at $2,183,994.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Daniel Ramos sold 4,800 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $47.15, for a total transaction of $226,320.00. Following the completion of the sale, the vice president now directly owns 82,327 shares in the company, valued at approximately $3,881,718.05. The disclosure for this sale can be found here. In the last three months, insiders sold 283,178 shares of company stock worth $12,111,202. 46.80% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of AlarmCom in the third quarter worth $109,000. Macquarie Group Ltd. bought a new stake in shares of AlarmCom in the third quarter worth $147,000. BNP Paribas Arbitrage SA grew its stake in shares of AlarmCom 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 purchasing an additional 2,033 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of AlarmCom by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after purchasing an additional 632 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in AlarmCom by 57.4% during the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock valued at $172,000 after acquiring an additional 1,673 shares during the last quarter. 83.19% of the stock is currently owned by institutional investors.

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About AlarmCom

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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