Imperial Capital reissued their outperform rating on shares of AlarmCom Hldg Inc (NASDAQ:ALRM) in a research note published on Thursday morning. The firm currently has a $36.00 target price on the software maker’s stock, up from their previous target price of $35.00.
Other research analysts have also recently issued reports about the stock. Roth Capital set a $40.00 price target on shares of AlarmCom Hldg and gave the stock a buy rating in a report on Saturday, March 18th. Goldman Sachs Group Inc increased their price target on shares of AlarmCom Hldg from $31.00 to $34.00 and gave the stock a neutral rating in a report on Thursday, March 16th. Bank of America Corp increased their price target on shares of AlarmCom Hldg from $37.00 to $39.00 and gave the stock a buy rating in a report on Thursday, March 16th. Maxim Group reissued a buy rating and set a $42.00 price target on shares of AlarmCom Hldg in a report on Friday, March 31st. Finally, Zacks Investment Research raised shares of AlarmCom Hldg from a hold rating to a buy rating and set a $35.00 price target for the company in a report on Monday, March 20th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. AlarmCom Hldg has a consensus rating of Buy and a consensus price target of $34.20.
Shares of AlarmCom Hldg (NASDAQ:ALRM) opened at 32.25 on Thursday. The stock’s 50 day moving average price is $31.75 and its 200 day moving average price is $29.64. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 140.22 and a beta of 1.64. AlarmCom Hldg has a one year low of $20.44 and a one year high of $34.43.
AlarmCom Hldg (NASDAQ:ALRM) last posted its quarterly earnings results on Tuesday, May 9th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $74.20 million during the quarter, compared to analysts’ expectations of $69.70 million. AlarmCom Hldg had a net margin of 4.21% and a negative return on equity of 20.70%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. Analysts forecast that AlarmCom Hldg will post $0.75 earnings per share for the current year.
In other news, insider David Hutz sold 3,500 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $28.78, for a total value of $100,730.00. Following the sale, the insider now directly owns 149,022 shares in the company, valued at $4,288,853.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean-Paul Martin sold 30,000 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $29.10, for a total transaction of $873,000.00. Following the completion of the sale, the insider now owns 152,904 shares in the company, valued at $4,449,506.40. The disclosure for this sale can be found here. Insiders sold 107,500 shares of company stock worth $3,312,930 over the last quarter. Company insiders own 78.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its stake in AlarmCom Hldg by 40.8% in the first quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock valued at $110,000 after buying an additional 1,039 shares in the last quarter. Quantbot Technologies LP acquired a new stake in AlarmCom Hldg during the first quarter valued at approximately $178,000. American International Group Inc. raised its stake in AlarmCom Hldg by 7.1% in the first quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock valued at $195,000 after buying an additional 422 shares in the last quarter. A.R.T. Advisors LLC acquired a new stake in AlarmCom Hldg during the fourth quarter valued at approximately $225,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in AlarmCom Hldg during the first quarter valued at approximately $252,000. Institutional investors and hedge funds own 63.00% of the company’s stock.
AlarmCom Hldg Company Profile
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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