AlarmCom (NASDAQ:ALRM) had its price target trimmed by Credit Suisse Group from $70.00 to $62.00 in a report issued on Friday, BenzingaRatingsTable reports. The brokerage currently has an outperform rating on the software maker’s stock.
Several other brokerages have also recently weighed in on ALRM. Bank of America reaffirmed a buy rating and issued a $78.00 price target (up from $67.00) on shares of AlarmCom in a research note on Friday, May 3rd. ValuEngine cut AlarmCom from a buy rating to a hold rating in a research note on Friday, July 26th. Northland Securities reaffirmed a buy rating and issued a $73.00 price target on shares of AlarmCom in a research note on Friday, May 10th. Maxim Group reaffirmed a buy rating and issued a $79.00 price target (up from $74.00) on shares of AlarmCom in a research note on Friday, May 10th. Finally, Raymond James set a $77.00 price target on AlarmCom and gave the stock a buy rating in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $68.90.
Shares of ALRM stock opened at $48.29 on Friday. The stock has a market capitalization of $2.44 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 3.83 and a beta of 1.38. The business has a fifty day moving average price of $51.05. AlarmCom has a twelve month low of $40.92 and a twelve month high of $71.50.
AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.08. The company had revenue of $121.66 million for the quarter, compared to analysts’ expectations of $109.45 million. AlarmCom had a negative return on equity of 89.29% and a net margin of 5.05%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, equities analysts anticipate that AlarmCom will post 1.11 EPS for the current year.
In other AlarmCom news, CTO Jean-Paul Martin sold 952 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $58.41, for a total value of $55,606.32. Following the sale, the chief technology officer now directly owns 146,458 shares of the company’s stock, valued at $8,554,611.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steve Valenzuela sold 1,083 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $57.99, for a total value of $62,803.17. Following the completion of the sale, the chief financial officer now directly owns 41,632 shares in the company, valued at $2,414,239.68. The disclosure for this sale can be found here. Insiders sold 3,304 shares of company stock worth $192,544 over the last three months. Corporate insiders own 26.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in shares of AlarmCom by 125.0% during the first quarter. Signaturefd LLC now owns 450 shares of the software maker’s stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of AlarmCom during the first quarter valued at $34,000. Pearl River Capital LLC bought a new position in shares of AlarmCom during the second quarter valued at $38,000. Manchester Capital Management LLC lifted its holdings in shares of AlarmCom by 151.3% during the first quarter. Manchester Capital Management LLC now owns 691 shares of the software maker’s stock valued at $45,000 after purchasing an additional 416 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of AlarmCom during the second quarter valued at $75,000. 93.53% of the stock is currently owned by institutional investors and hedge funds.
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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