Imperial Capital reissued their in-line rating on shares of AlarmCom (NASDAQ:ALRM) in a research report report published on Tuesday morning, Briefing.com Automated Import reports. Imperial Capital currently has a $58.00 price objective on the software maker’s stock, down from their previous price objective of $64.00.
A number of other research firms have also recently weighed in on ALRM. Credit Suisse Group lowered their price objective on AlarmCom from $70.00 to $62.00 and set an outperform rating for the company in a research report on Friday, August 9th. Maxim Group reissued a buy rating and issued a $79.00 price objective on shares of AlarmCom in a research report on Friday, August 9th. ValuEngine cut AlarmCom from a buy rating to a hold rating in a research report on Friday, July 26th. Raymond James set a $77.00 price objective on AlarmCom and gave the stock a buy rating in a research report on Friday, May 10th. Finally, Bank of America reissued a buy rating and issued a $78.00 price objective (up previously from $67.00) on shares of AlarmCom in a research report on Friday, May 3rd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $67.70.
Shares of NASDAQ ALRM opened at $46.42 on Tuesday. The stock has a market capitalization of $2.27 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 3.54 and a beta of 1.38. AlarmCom has a 12-month low of $40.92 and a 12-month high of $71.50. The stock’s fifty day simple moving average is $50.67 and its two-hundred day simple moving average is $59.24.
AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.08. The firm had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $109.45 million. AlarmCom had a negative return on equity of 98.00% and a net margin of 5.05%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. As a group, 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 firm’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 transaction, the chief financial officer now owns 41,632 shares in the company, valued at approximately $2,414,239.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 26.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of ALRM. Pictet Asset Management Ltd. grew its position in shares of AlarmCom by 43.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 749,691 shares of the software maker’s stock valued at $40,108,000 after acquiring an additional 227,691 shares during the period. Nuveen Asset Management LLC grew its position in shares of AlarmCom by 51.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 488,042 shares of the software maker’s stock valued at $26,111,000 after acquiring an additional 166,054 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of AlarmCom by 61.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 21,984 shares of the software maker’s stock valued at $1,176,000 after acquiring an additional 8,366 shares during the period. Centaurus Financial Inc. grew its position in shares of AlarmCom by 1,519.5% during the 2nd quarter. Centaurus Financial Inc. now owns 216,300 shares of the software maker’s stock valued at $11,572,000 after acquiring an additional 202,944 shares during the period. Finally, Argent Capital Management LLC grew its position in shares of AlarmCom by 17.8% during the 2nd quarter. Argent Capital Management LLC now owns 54,530 shares of the software maker’s stock valued at $2,917,000 after acquiring an additional 8,225 shares during the period. 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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