Shares of AlarmCom Hldg Inc (NASDAQ:ALRM) have earned an average rating of “Buy” from the thirteen brokerages that are covering the stock. Four investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $34.10.
A number of equities analysts recently issued reports on the company. Maxim Group reissued a “buy” rating and issued a $42.00 price objective on shares of AlarmCom Hldg in a report on Friday, March 31st. Zacks Investment Research raised AlarmCom Hldg from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Monday, March 20th. Roth Capital set a $40.00 price objective on AlarmCom Hldg and gave the stock a “buy” rating in a report on Saturday, March 18th. Imperial Capital raised AlarmCom Hldg from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $30.00 to $35.00 in a report on Friday, March 17th. Finally, Bank of America Corp increased their price objective on AlarmCom Hldg from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, March 16th.
In other AlarmCom Hldg news, insider Jean-Paul Martin sold 40,000 shares of the stock in a transaction on Monday, February 6th. The stock was sold at an average price of $27.42, for a total transaction of $1,096,800.00. Following the completion of the transaction, the insider now directly owns 162,904 shares of the company’s stock, valued at approximately $4,466,827.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David Hutz sold 3,500 shares of the stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $32.55, for a total value of $113,925.00. Following the transaction, the insider now directly owns 138,522 shares of the company’s stock, valued at $4,508,891.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 183,498 shares of company stock valued at $5,383,370. 78.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Emerald Mutual Fund Advisers Trust raised its position in shares of AlarmCom Hldg by 2.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 513,366 shares of the software maker’s stock worth $14,816,000 after buying an additional 12,650 shares during the last quarter. Chicago Equity Partners LLC purchased a new position in shares of AlarmCom Hldg during the third quarter worth about $847,000. JPMorgan Chase & Co. raised its position in shares of AlarmCom Hldg by 289,279.3% in the third quarter. JPMorgan Chase & Co. now owns 83,920 shares of the software maker’s stock worth $2,422,000 after buying an additional 83,891 shares during the last quarter. Timpani Capital Management LLC purchased a new position in shares of AlarmCom Hldg during the third quarter worth about $842,000. Finally, Analytic Investors LLC purchased a new position in shares of AlarmCom Hldg during the third quarter worth about $1,403,000. 63.00% of the stock is owned by hedge funds and other institutional investors.
Shares of AlarmCom Hldg (NASDAQ:ALRM) traded up 1.92% on Monday, hitting $33.45. The company’s stock had a trading volume of 343,463 shares. The firm has a market cap of $1.55 billion, a PE ratio of 159.29 and a beta of 1.64. The company has a 50 day moving average of $31.53 and a 200 day moving average of $29.48. AlarmCom Hldg has a 1-year low of $19.91 and a 1-year high of $34.43.
AlarmCom Hldg (NASDAQ:ALRM) last issued its quarterly earnings data on Wednesday, March 15th. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. AlarmCom Hldg had a negative return on equity of 20.70% and a net margin of 4.21%. The business earned $69.79 million during the quarter, compared to analyst estimates of $63.95 million. During the same period in the prior year, the company posted $0.14 EPS. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities analysts forecast that AlarmCom Hldg will post $0.74 EPS for the current year.
About AlarmCom Hldg
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.