AlarmCom (NASDAQ:ALRM) had its price objective lowered by analysts at Imperial Capital from $58.00 to $51.00 in a research report issued to clients and investors on Thursday, Briefing.com Automated Import reports. The brokerage presently has an “in-line” rating on the software maker’s stock. Imperial Capital’s target price would indicate a potential upside of 12.58% from the stock’s previous close.
Several other research firms have also issued reports on ALRM. Roth Capital set a $51.00 price objective on AlarmCom and gave the company a “hold” rating in a research note on Thursday, October 10th. Maxim Group reaffirmed a “buy” rating and issued a $79.00 price objective on shares of AlarmCom in a research note on Friday, August 9th. ValuEngine lowered AlarmCom from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. First Analysis raised AlarmCom from an “outperform” rating to a “strong-buy” rating and set a $75.00 price objective for the company in a research note on Monday, October 21st. Finally, Zacks Investment Research lowered AlarmCom from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $65.70.
NASDAQ ALRM traded down $2.08 during trading on Thursday, hitting $45.30. 14,833 shares of the stock traded hands, compared to its average volume of 283,985. The company has a market capitalization of $2.50 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 3.31 and a beta of 1.39. The firm has a 50-day simple moving average of $47.85 and a 200-day simple moving average of $52.84. AlarmCom has a 12-month low of $43.52 and a 12-month high of $71.50.
AlarmCom (NASDAQ:ALRM) last released its quarterly earnings results on Tuesday, November 5th. The software maker reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.12. The business had revenue of $127.90 million during the quarter, compared to analysts’ expectations of $114.62 million. AlarmCom had a negative return on equity of 105.06% and a net margin of 10.23%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. Equities analysts forecast that AlarmCom will post 1.11 EPS for the current fiscal year.
In other AlarmCom news, insider Stephen Trundle sold 20,000 shares of AlarmCom stock in a transaction on Monday, August 19th. The stock was sold at an average price of $47.18, for a total transaction of $943,600.00. Following the completion of the sale, the insider now directly owns 242,443 shares of the company’s stock, valued at approximately $11,438,460.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 26.00% of the company’s stock.
Large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of AlarmCom by 11.9% in the 2nd quarter. BlackRock Inc. now owns 5,650,949 shares of the software maker’s stock valued at $302,326,000 after buying an additional 603,061 shares during the period. Brown Capital Management LLC lifted its holdings in shares of AlarmCom by 39.2% in the 2nd quarter. Brown Capital Management LLC now owns 4,488,606 shares of the software maker’s stock valued at $240,140,000 after buying an additional 1,264,342 shares during the period. Vanguard Group Inc. lifted its holdings in shares of AlarmCom by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,995,055 shares of the software maker’s stock valued at $213,737,000 after buying an additional 109,046 shares during the period. Riverbridge Partners LLC lifted its holdings in shares of AlarmCom by 26.4% in the 3rd quarter. Riverbridge Partners LLC now owns 1,506,830 shares of the software maker’s stock valued at $70,279,000 after buying an additional 314,346 shares during the period. Finally, Pictet Asset Management Ltd. lifted its holdings in shares of AlarmCom by 43.6% in the 2nd quarter. Pictet Asset Management Ltd. now owns 749,691 shares of the software maker’s stock valued at $40,108,000 after buying an additional 227,691 shares during the period. Institutional investors and hedge funds own 98.88% of the company’s stock.
AlarmCom Company Profile
Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.
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