AlarmCom (NASDAQ:ALRM) had its target price lowered by stock analysts at Imperial Capital from $58.00 to $51.00 in a research report issued on Thursday, Briefing.com Automated Import reports. The firm presently has an “in-line” rating on the software maker’s stock. Imperial Capital’s price objective points to a potential upside of 12.41% from the stock’s current price.
A number of other brokerages have also weighed in on ALRM. ValuEngine lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. First Analysis raised shares of AlarmCom from an “outperform” rating to a “strong-buy” rating and set a $75.00 price target on the stock in a research note on Monday, October 21st. BidaskClub raised shares of AlarmCom from a “sell” rating to a “hold” rating in a research note on Wednesday, October 23rd. Maxim Group reissued a “buy” rating and issued a $79.00 target price on shares of AlarmCom in a research note on Friday, August 9th. Finally, Zacks Investment Research lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Six analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $65.70.
Shares of NASDAQ ALRM traded down $2.01 during mid-day trading on Thursday, hitting $45.37. The stock had a trading volume of 419,900 shares, compared to its average volume of 432,374. The firm has a market cap of $2.50 billion, a PE ratio of 34.63, a PEG ratio of 3.31 and a beta of 1.39. AlarmCom has a twelve month low of $43.52 and a twelve month high of $71.50. The company has a 50 day moving average of $47.78 and a two-hundred day moving average of $52.73.
AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings results on Tuesday, November 5th. The software maker reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.12. The firm had revenue of $127.90 million for the quarter, compared to analyst estimates of $114.62 million. AlarmCom had a net margin of 10.23% and a negative return on equity of 105.06%. AlarmCom’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. On average, equities research analysts expect that AlarmCom will post 1.11 EPS for the current fiscal year.
In other AlarmCom news, insider Stephen Trundle sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $47.18, for a total value of $943,600.00. Following the transaction, the insider now directly owns 242,443 shares of the company’s stock, valued at approximately $11,438,460.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 26.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Pinebridge Investments L.P. increased its holdings in AlarmCom by 20.2% in the 2nd quarter. Pinebridge Investments L.P. now owns 26,885 shares of the software maker’s stock valued at $1,438,000 after purchasing an additional 4,521 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in AlarmCom by 13.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 22,944 shares of the software maker’s stock valued at $1,228,000 after purchasing an additional 2,730 shares during the last quarter. Invesco Ltd. increased its holdings in AlarmCom by 55.3% in the 2nd quarter. Invesco Ltd. now owns 579,446 shares of the software maker’s stock valued at $31,001,000 after purchasing an additional 206,450 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in AlarmCom in the 2nd quarter valued at approximately $1,631,000. Finally, United Services Automobile Association increased its holdings in AlarmCom by 3.8% in the 2nd quarter. United Services Automobile Association now owns 7,700 shares of the software maker’s stock valued at $412,000 after purchasing an additional 285 shares during the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.
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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