Credit Suisse Group reiterated their outperform rating on shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in a research report released on Wednesday, August 9th, The Fly reports. They currently have a $46.00 price target on the software maker’s stock, up from their prior price target of $37.00.
Other equities research analysts 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 stock a buy rating in a research report on Wednesday, July 19th. BidaskClub downgraded shares of Alarm.com Holdings from a strong-buy rating to a buy rating in a research report on Sunday, July 16th. Maxim Group increased their target price on shares of Alarm.com Holdings from $42.00 to $44.00 and gave the stock a buy rating in a research report on Wednesday, July 26th. Stifel Nicolaus reiterated a hold rating and issued a $29.00 target price on shares of Alarm.com Holdings in a research report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded shares of Alarm.com Holdings from a buy rating to a hold rating in a research report on Tuesday, May 16th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Alarm.com Holdings presently has a consensus rating of Buy and an average target price of $43.11.
Shares of Alarm.com Holdings (ALRM) opened at 42.68 on Wednesday. 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. The stock has a market capitalization of $1.99 billion, a PE ratio of 109.16 and a beta of 1.52.
Alarm.com Holdings (NASDAQ:ALRM) last released its earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $86 million during the quarter, compared to the consensus estimate of $81.05 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue was up 33.5% compared to the same quarter last year. Analysts anticipate that Alarm.com Holdings will post $0.97 EPS for the current fiscal year.
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In other news, insider David Hutz sold 30,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $40.48, for a total transaction of $1,214,400.00. Following the transaction, the insider now owns 94,022 shares in the company, valued at approximately $3,806,010.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel Ramos sold 40,000 shares of the firm’s stock in a transaction on 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 approximately $5,261,889.60. The disclosure for this sale can be found here. Insiders have sold a total of 220,777 shares of company stock worth $8,088,734 in the last 90 days. 78.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of ALRM. Riverbridge Partners LLC purchased a new position in Alarm.com Holdings during the second quarter worth about $50,898,000. Janus Henderson Group PLC purchased a new position in Alarm.com Holdings during the second quarter worth about $37,684,000. Bares Capital Management Inc. raised 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. Oak Ridge Investments LLC purchased a new position in Alarm.com Holdings during the second quarter worth about $19,059,000. Finally, Koch Industries Inc. purchased a new position in Alarm.com Holdings during the second quarter worth about $485,000. Institutional investors and hedge funds 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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