AlarmCom Hldg Inc (ALRM) Cut to “Hold” at Zacks Investment Research

AlarmCom Hldg Inc (NASDAQ:ALRM) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday.

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 equities research analysts have also issued reports on ALRM. Jefferies Group LLC began coverage on shares of AlarmCom Hldg in a research note on Friday. They issued a “hold” rating and a $43.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of AlarmCom Hldg in a research note on Thursday, September 21st. Roth Capital reiterated a “buy” rating and issued a $48.00 price target on shares of AlarmCom Hldg in a research note on Friday, September 8th. Northland Securities set a $45.00 price target on shares of AlarmCom Hldg and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Imperial Capital lowered shares of AlarmCom Hldg from an “outperform” rating to an “in-line” rating and lifted their price target for the company from $40.00 to $45.00 in a research note on Thursday, August 10th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $43.10.

AlarmCom Hldg (NASDAQ ALRM) traded down 0.77% during trading on Tuesday, hitting $47.50. 250,512 shares of the stock were exchanged. The stock has a 50 day moving average price of $45.33 and a 200-day moving average price of $45.33. The firm has a market capitalization of $2.22 billion, a PE ratio of 121.48 and a beta of 1.45. AlarmCom Hldg has a 12-month low of $26.68 and a 12-month high of $48.48.

AlarmCom Hldg (NASDAQ:ALRM) last posted its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.15 by $0.14. The business had revenue of $86.00 million for the quarter, compared to analysts’ expectations of $81.05 million. AlarmCom Hldg had a net margin of 11.47% and a return on equity of 19.31%. The firm’s revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS. On average, equities research analysts anticipate that AlarmCom Hldg will post $0.97 earnings per share for the current fiscal year.

WARNING: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/alarmcom-hldg-inc-alrm-cut-to-hold-at-zacks-investment-research.html.

In related news, insider Daniel Kerzner sold 18,500 shares of AlarmCom Hldg stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $37.04, for a total transaction of $685,240.00. Following the completion of the sale, the insider now owns 11,065 shares of the company’s stock, valued at approximately $409,847.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Hutz sold 3,500 shares of AlarmCom Hldg stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $37.43, for a total transaction of $131,005.00. Following the sale, the insider now directly owns 127,522 shares of the company’s stock, valued at approximately $4,773,148.46. The disclosure for this sale can be found here. Insiders have sold a total of 367,442 shares of company stock valued at $15,828,887 in the last ninety days. 46.80% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the stock. Bares Capital Management Inc. boosted its holdings in shares of AlarmCom Hldg by 65.4% during the 1st quarter. Bares Capital Management Inc. now owns 2,325,021 shares of the software maker’s stock worth $71,471,000 after buying an additional 919,682 shares during the period. Riverbridge Partners LLC bought a new stake in shares of AlarmCom Hldg during the 2nd quarter worth about $50,898,000. Janus Henderson Group PLC bought a new stake in shares of AlarmCom Hldg during the 2nd quarter worth about $37,684,000. Vanguard Group Inc. boosted its holdings in shares of AlarmCom Hldg by 21.7% during the 2nd quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock worth $29,229,000 after buying an additional 138,595 shares during the period. Finally, Janus Capital Management LLC boosted its holdings in shares of AlarmCom Hldg by 18.0% during the 1st quarter. Janus Capital Management LLC now owns 692,281 shares of the software maker’s stock worth $21,281,000 after buying an additional 105,653 shares during the period. 84.05% of the stock is owned by institutional investors and hedge funds.

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.

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 equities research analysts have also issued reports on ALRM. Jefferies Group LLC began coverage on shares of AlarmCom Hldg in a research note on Friday. They issued a “hold” rating and a $43.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of AlarmCom Hldg in a research note on Thursday, September 21st. Roth Capital reiterated a “buy” rating and issued a $48.00 price target on shares of AlarmCom Hldg in a research note on Friday, September 8th. Northland Securities set a $45.00 price target on shares of AlarmCom Hldg and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Imperial Capital lowered shares of AlarmCom Hldg from an “outperform” rating to an “in-line” rating and lifted their price target for the company from $40.00 to $45.00 in a research note on Thursday, August 10th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $43.10.

AlarmCom Hldg (NASDAQ ALRM) traded down 0.77% during trading on Tuesday, hitting $47.50. 250,512 shares of the stock were exchanged. The stock has a 50 day moving average price of $45.33 and a 200-day moving average price of $45.33. The firm has a market capitalization of $2.22 billion, a PE ratio of 121.48 and a beta of 1.45. AlarmCom Hldg has a 12-month low of $26.68 and a 12-month high of $48.48.

AlarmCom Hldg (NASDAQ:ALRM) last posted its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.15 by $0.14. The business had revenue of $86.00 million for the quarter, compared to analysts’ expectations of $81.05 million. AlarmCom Hldg had a net margin of 11.47% and a return on equity of 19.31%. The firm’s revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS. On average, equities research analysts anticipate that AlarmCom Hldg will post $0.97 earnings per share for the current fiscal year.

WARNING: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/alarmcom-hldg-inc-alrm-cut-to-hold-at-zacks-investment-research.html.

In related news, insider Daniel Kerzner sold 18,500 shares of AlarmCom Hldg stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $37.04, for a total transaction of $685,240.00. Following the completion of the sale, the insider now owns 11,065 shares of the company’s stock, valued at approximately $409,847.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Hutz sold 3,500 shares of AlarmCom Hldg stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $37.43, for a total transaction of $131,005.00. Following the sale, the insider now directly owns 127,522 shares of the company’s stock, valued at approximately $4,773,148.46. The disclosure for this sale can be found here. Insiders have sold a total of 367,442 shares of company stock valued at $15,828,887 in the last ninety days. 46.80% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the stock. Bares Capital Management Inc. boosted its holdings in shares of AlarmCom Hldg by 65.4% during the 1st quarter. Bares Capital Management Inc. now owns 2,325,021 shares of the software maker’s stock worth $71,471,000 after buying an additional 919,682 shares during the period. Riverbridge Partners LLC bought a new stake in shares of AlarmCom Hldg during the 2nd quarter worth about $50,898,000. Janus Henderson Group PLC bought a new stake in shares of AlarmCom Hldg during the 2nd quarter worth about $37,684,000. Vanguard Group Inc. boosted its holdings in shares of AlarmCom Hldg by 21.7% during the 2nd quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock worth $29,229,000 after buying an additional 138,595 shares during the period. Finally, Janus Capital Management LLC boosted its holdings in shares of AlarmCom Hldg by 18.0% during the 1st quarter. Janus Capital Management LLC now owns 692,281 shares of the software maker’s stock worth $21,281,000 after buying an additional 105,653 shares during the period. 84.05% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for AlarmCom Hldg (NASDAQ:ALRM)

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