Alarm.com (NASDAQ:ALRM) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.
Several other equities research analysts have also recently commented on the company. Imperial Capital raised Alarm.com from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $37.88 to $45.00 in a report on Friday, February 16th. Zacks Investment Research raised Alarm.com from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Tuesday, February 27th. Maxim Group reaffirmed a “buy” rating and issued a $59.00 price target on shares of Alarm.com in a report on Thursday, March 22nd. First Analysis set a $52.00 price target on Alarm.com and gave the company a “buy” rating in a report on Tuesday, April 17th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $48.00 price target on shares of Alarm.com in a report on Monday, March 19th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $48.55.
Shares of NASDAQ:ALRM opened at $42.82 on Wednesday. Alarm.com has a 12 month low of $31.68 and a 12 month high of $49.49. The company has a market cap of $2.00 billion, a P/E ratio of 56.34, a PEG ratio of 2.57 and a beta of 1.12. The company has a current ratio of 4.66, a quick ratio of 4.32 and a debt-to-equity ratio of -0.94.
Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, May 3rd. The software maker reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.07. Alarm.com had a negative return on equity of 57.77% and a net margin of 10.01%. The firm had revenue of $92.80 million for the quarter, compared to analysts’ expectations of $89.59 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. analysts anticipate that Alarm.com will post 0.96 earnings per share for the current fiscal year.
In other Alarm.com news, VP Daniel Ramos sold 59,669 shares of Alarm.com stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $40.10, for a total transaction of $2,392,726.90. Following the transaction, the vice president now directly owns 82,683 shares in the company, valued at approximately $3,315,588.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hugh Panero sold 45,000 shares of Alarm.com stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $41.08, for a total transaction of $1,848,600.00. Following the transaction, the director now owns 37,757 shares in the company, valued at $1,551,057.56. The disclosure for this sale can be found here. Insiders sold 214,824 shares of company stock worth $8,635,377 in the last ninety days. 37.10% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Koch Industries Inc. grew its position in Alarm.com by 83.1% during the 4th quarter. Koch Industries Inc. now owns 28,698 shares of the software maker’s stock worth $1,083,000 after purchasing an additional 13,021 shares in the last quarter. BlackRock Inc. grew its position in Alarm.com by 116.3% during the 4th quarter. BlackRock Inc. now owns 2,885,799 shares of the software maker’s stock worth $108,938,000 after purchasing an additional 1,551,418 shares in the last quarter. Centaurus Financial Inc. purchased a new position in Alarm.com during the 4th quarter worth approximately $9,146,000. Arlington Partners LLC purchased a new position in Alarm.com during the 4th quarter worth approximately $833,000. Finally, Louisiana State Employees Retirement System purchased a new position in Alarm.com during the 4th quarter worth approximately $408,000. Hedge funds and other institutional investors own 90.75% of the company’s stock.
Alarm.com 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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