Zacks Investment Research Upgrades AlarmCom Hldg Inc (ALRM) to “Buy”

AlarmCom Hldg Inc (NASDAQ:ALRM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $35.00 price objective on the stock. Zacks Investment Research’s target price suggests a potential upside of 12.14% from the company’s previous close.

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. “

Other research analysts have also issued reports about the stock. Maxim Group initiated coverage on shares of AlarmCom Hldg in a research report on Thursday, December 1st. They set a “buy” rating and a $37.00 target price on the stock. Roth Capital set a $40.00 target price on shares of AlarmCom Hldg and gave the stock a “buy” rating in a research report on Saturday. Bank of America Corp upped their target price on shares of AlarmCom Hldg from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus restated a “hold” rating and set a $29.00 target price (up from $27.00) on shares of AlarmCom Hldg in a research report on Thursday. Finally, Goldman Sachs Group Inc initiated coverage on shares of AlarmCom Hldg in a research report on Tuesday, January 31st. They set a “neutral” rating and a $31.00 target price on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $34.10.

Analyst Recommendations for AlarmCom Hldg (NASDAQ:ALRM)

Shares of AlarmCom Hldg (NASDAQ:ALRM) traded up 5.70% during mid-day trading on Monday, hitting $32.99. 587,707 shares of the stock were exchanged. The stock has a market cap of $1.52 billion, a PE ratio of 149.95 and a beta of 1.64. AlarmCom Hldg has a one year low of $19.91 and a one year high of $34.43. The company has a 50-day moving average of $28.97 and a 200 day moving average of $28.51.

AlarmCom Hldg (NASDAQ:ALRM) last issued its earnings results on Wednesday, March 15th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. AlarmCom Hldg had a net margin of 4.21% and a negative return on equity of 20.70%. The company had revenue of $69.79 million for the quarter, compared to analyst estimates of $63.95 million. During the same period in the prior year, the business posted $0.14 earnings per share. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities analysts predict that AlarmCom Hldg will post $0.74 earnings per share for the current year.

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In other AlarmCom Hldg news, insider Daniel Kerzner sold 36,000 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $27.54, for a total value of $991,440.00. Following the sale, the insider now owns 37,341 shares of the company’s stock, valued at $1,028,371.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Hutz sold 3,500 shares of the company’s stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $27.36, for a total transaction of $95,760.00. Following the completion of the sale, the insider now directly owns 163,022 shares in the company, valued at approximately $4,460,281.92. The disclosure for this sale can be found here. Insiders sold 159,998 shares of company stock worth $4,430,550 in the last ninety days. Insiders own 78.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in ALRM. A.R.T. Advisors LLC acquired a new stake in shares of AlarmCom Hldg during the fourth quarter valued at about $225,000. PEAK6 Investments L.P. purchased a new position in shares of AlarmCom Hldg during the fourth quarter valued at about $290,000. Lebenthal Lisanti Capital Growth LLC purchased a new position in shares of AlarmCom Hldg during the third quarter valued at about $318,000. Redmond Asset Management LLC purchased a new position in shares of AlarmCom Hldg during the fourth quarter valued at about $432,000. Finally, Strs Ohio purchased a new position in shares of AlarmCom Hldg during the third quarter valued at about $585,000. 63.00% of the stock is currently owned by institutional investors.

About AlarmCom Hldg

Alarm.com Holdings, Inc is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Company operates through two segments: Alarm.com and Other. The Company’s Alarm.com segment represents its cloud-based platform for the connected home and related connected home solutions.

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