Alarm.com (NASDAQ:ALRM)‘s stock had its “buy” rating reaffirmed by Maxim Group in a research note issued on Tuesday, November 21st. They presently have a $57.00 price objective on the software maker’s stock. Maxim Group’s target price points to a potential upside of 51.80% from the company’s previous close.
The analysts wrote, “The recent Investor Day highlighted the durability of ALRM’s channel-focused, go-to-market approach. Details on the commercial market gives us confidence in our ARPU growth assumptions that underpin our Street-high price target of $57 PointCentral product well-positions ALRM to address the property management markets, which in aggregate represent another 44M “units” to the ~38M units we estimate that the core residential product will address. Management addresses confusion that arose during the Sep Q earnings call regarding the raised FY17 guidance as it relates to non-GAAP net income and EPS.””
A number of other equities research analysts have also recently weighed in on ALRM. Stifel Nicolaus restated a “hold” rating and issued a $29.00 price objective on shares of Alarm.com in a report on Tuesday, July 25th. Credit Suisse Group reiterated an “outperform” rating and issued a $46.00 target price (up previously from $37.00) on shares of Alarm.com in a research note on Wednesday, August 9th. Roth Capital upped their target price on shares of Alarm.com from $43.50 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. Finally, Bank of America increased their price objective on shares of Alarm.com from $39.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $46.90.
Alarm.com (NASDAQ:ALRM) traded up $0.14 during mid-day trading on Tuesday, hitting $37.55. 452,389 shares of the company’s stock were exchanged, compared to its average volume of 369,109. Alarm.com has a 12-month low of $26.68 and a 12-month high of $49.49. The stock has a market capitalization of $1,770.00 and a PE ratio of 41.76. The company has a debt-to-equity ratio of -0.81, a current ratio of 3.16 and a quick ratio of 2.88.
Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. Alarm.com had a net margin of 9.97% and a negative return on equity of 42.00%. The company had revenue of $90.00 million for the quarter, compared to analysts’ expectations of $83.04 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. Alarm.com’s quarterly revenue was up 32.7% on a year-over-year basis. research analysts expect that Alarm.com will post 0.83 EPS for the current fiscal year.
In related news, insider Vii Lp Tcv sold 121,885 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $42.40, for a total transaction of $5,167,924.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Hutz sold 3,500 shares of the stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $43.87, for a total transaction of $153,545.00. Following the transaction, the insider now owns 87,022 shares of the company’s stock, valued at approximately $3,817,655.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 331,159 shares of company stock valued at $14,531,902. Corporate insiders own 46.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in Alarm.com during the third quarter valued at $109,000. Macquarie Group Ltd. bought a new stake in shares of Alarm.com in the 3rd quarter worth about $147,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Alarm.com by 95.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after acquiring an additional 2,033 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Alarm.com by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after acquiring an additional 632 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Alarm.com by 57.4% in the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after acquiring an additional 1,673 shares during the last quarter. Institutional investors and hedge funds own 83.16% of the company’s stock.
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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.
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