Alarm.com Holdings, Inc. (NASDAQ:ALRM) had its price target boosted by Roth Capital from $43.50 to $48.00 in a research note released on Wednesday, August 9th. Roth Capital currently has a buy rating on the software maker’s stock.
Several other equities research analysts have also weighed in on the stock. Maxim Group reaffirmed a buy rating and issued a $44.00 target price on shares of Alarm.com Holdings in a report on Wednesday, August 9th. Credit Suisse Group reaffirmed an outperform rating and issued a $46.00 target price (up previously from $37.00) on shares of Alarm.com Holdings in a report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a hold rating and issued a $29.00 target price on shares of Alarm.com Holdings in a report on Tuesday, July 25th. Northland Securities set a $41.00 target price on shares of Alarm.com Holdings and gave the stock a buy rating in a report on Wednesday, July 19th. Finally, BidaskClub lowered shares of Alarm.com Holdings from a strong-buy rating to a buy rating in a report on Sunday, July 16th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Alarm.com Holdings has an average rating of Buy and a consensus target price of $43.11.
Shares of Alarm.com Holdings (NASDAQ ALRM) traded up 1.16% during mid-day trading on Wednesday, reaching $42.68. 384,321 shares of the company traded hands. The stock has a market capitalization of $1.99 billion, a PE ratio of 109.16 and a beta of 1.52. The stock’s 50 day moving average is $38.61 and its 200 day moving average is $33.53. Alarm.com Holdings has a 52-week low of $24.52 and a 52-week high of $42.84.
Alarm.com Holdings (NASDAQ:ALRM) last posted its earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $81.05 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The firm’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, analysts anticipate that Alarm.com Holdings will post $0.97 earnings per share for the current year.
In related news, insider David Hutz sold 3,500 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $31.59, for a total transaction of $110,565.00. Following the transaction, the insider now owns 141,522 shares in the company, valued at approximately $4,470,679.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Daniel Ramos sold 40,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $32.40, for a total transaction of $1,296,000.00. Following the transaction, the vice president now owns 162,404 shares in the company, valued at $5,261,889.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 220,777 shares of company stock worth $8,088,734. 78.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALRM. Bares Capital Management Inc. increased its position in Alarm.com Holdings by 65.4% in the first quarter. Bares Capital Management Inc. now owns 2,325,021 shares of the software maker’s stock worth $71,471,000 after buying an additional 919,682 shares during the last quarter. Riverbridge Partners LLC acquired a new position in Alarm.com Holdings during the second quarter worth about $50,898,000. Janus Henderson Group PLC acquired a new position in Alarm.com Holdings during the second quarter worth about $37,684,000. Vanguard Group Inc. increased its position in Alarm.com Holdings by 21.7% in the second quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock worth $29,229,000 after buying an additional 138,595 shares during the last quarter. Finally, Janus Capital Management LLC increased its position in Alarm.com Holdings by 18.0% in the first quarter. Janus Capital Management LLC now owns 692,281 shares of the software maker’s stock worth $21,281,000 after buying an additional 105,653 shares during the last quarter. Institutional investors own 78.52% of the company’s stock.
About Alarm.com Holdings
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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