AlarmCom (NASDAQ:ALRM) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of AlarmCom (NASDAQ:ALRM) from a hold rating to a buy rating in a report issued on Tuesday morning, Zacks.com reports. They currently have $54.00 price objective on the software maker’s stock.

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. “

Several other research firms also recently commented on ALRM. Jefferies Financial Group downgraded shares of AlarmCom from a buy rating to a hold rating and lowered their price objective for the stock from $71.00 to $66.00 in a research note on Monday, May 13th. Roth Capital lowered their price objective on shares of AlarmCom from $73.00 to $55.00 in a research note on Tuesday, July 16th. Imperial Capital reiterated an in-line rating and set a $58.00 price objective (down from $64.00) on shares of AlarmCom in a research note on Tuesday. Bank of America reiterated a buy rating and set a $78.00 price objective (up from $67.00) on shares of AlarmCom in a research note on Friday, May 3rd. Finally, BidaskClub downgraded shares of AlarmCom from a hold rating to a sell rating in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. AlarmCom has an average rating of Buy and an average price target of $67.70.

NASDAQ ALRM opened at $46.81 on Tuesday. AlarmCom has a 12-month low of $40.92 and a 12-month high of $71.50. The firm’s fifty day simple moving average is $50.54 and its two-hundred day simple moving average is $59.18. The firm has a market capitalization of $2.24 billion, a P/E ratio of 41.33, a P/E/G ratio of 3.51 and a beta of 1.38.

AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.08. AlarmCom had a net margin of 5.05% and a negative return on equity of 98.00%. The business had revenue of $121.66 million during the quarter, compared to the consensus estimate of $109.45 million. During the same period in the previous year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, analysts forecast that AlarmCom will post 1.11 EPS for the current year.

In related news, CFO Steve Valenzuela sold 1,083 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $57.99, for a total transaction of $62,803.17. Following the completion of the transaction, the chief financial officer now directly owns 41,632 shares in the company, valued at $2,414,239.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 26.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of ALRM. Amalgamated Bank bought a new stake in shares of AlarmCom during the 4th quarter worth $255,000. Dimensional Fund Advisors LP lifted its position in shares of AlarmCom by 35.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 636,431 shares of the software maker’s stock worth $33,012,000 after buying an additional 165,244 shares during the last quarter. Norges Bank bought a new stake in shares of AlarmCom during the 4th quarter worth $33,739,000. Geode Capital Management LLC lifted its position in shares of AlarmCom by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 393,389 shares of the software maker’s stock worth $20,404,000 after buying an additional 35,984 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of AlarmCom during the 1st quarter worth $340,000. Institutional investors own 93.31% 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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