Imperial Capital Reaffirms “Outperform” Rating for Alarm.com Holdings, Inc. (ALRM)

Alarm.com Holdings, Inc. (NASDAQ:ALRM)‘s stock had its “outperform” rating reiterated by stock analysts at Imperial Capital in a research note issued to investors on Thursday, May 11th, MarketBeat.com reports. They currently have a $36.00 price target on the software maker’s stock, up from their previous price target of $35.00. Imperial Capital’s price target points to a potential downside of 1.26% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on ALRM. Roth Capital set a $40.00 price target on shares of Alarm.com Holdings and gave the company a “buy” rating in a research report on Saturday, March 18th. Stifel Nicolaus reiterated a “hold” rating and set a $29.00 price target (up from $27.00) on shares of Alarm.com Holdings in a research report on Thursday, March 16th. Maxim Group reiterated a “buy” rating and set a $42.00 price target (up from $37.00) on shares of Alarm.com Holdings in a research report on Thursday, March 16th. Zacks Investment Research lowered shares of Alarm.com Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, January 17th. Finally, Goldman Sachs Group, Inc. (The) raised their price objective on shares of Alarm.com Holdings from $31.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, March 16th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $36.00.

Analyst Recommendations for Alarm.com Holdings (NASDAQ:ALRM)

Shares of Alarm.com Holdings (NASDAQ:ALRM) opened at 36.46 on Thursday. Alarm.com Holdings has a 12-month low of $22.46 and a 12-month high of $36.52. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 158.52 and a beta of 1.56. The stock’s 50 day moving average is $33.46 and its 200-day moving average is $30.30.

Alarm.com Holdings (NASDAQ:ALRM) last announced its quarterly earnings results on Tuesday, May 9th. The software maker reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Alarm.com Holdings had a net margin of 4.12% and a negative return on equity of 27.71%. The business had revenue of $74.20 million during the quarter, compared to analysts’ expectations of $69.70 million. During the same period last year, the business earned $0.12 earnings per share. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, analysts expect that Alarm.com Holdings will post $0.76 earnings per share for the current year.

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In other news, VP Daniel Ramos sold 34,777 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $36.06, for a total transaction of $1,254,058.62. Following the completion of the sale, the vice president now owns 152,798 shares in the company, valued at approximately $5,509,895.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Hutz sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $33.09, for a total transaction of $115,815.00. Following the sale, the insider now owns 145,522 shares of the company’s stock, valued at approximately $4,815,322.98. The disclosure for this sale can be found here. Insiders sold 172,277 shares of company stock valued at $5,698,224 in the last quarter. 78.50% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Allianz Asset Management AG increased its stake in shares of Alarm.com Holdings by 132.9% in the fourth quarter. Allianz Asset Management AG now owns 135,106 shares of the software maker’s stock valued at $3,760,000 after buying an additional 77,098 shares in the last quarter. Credit Agricole S A increased its stake in shares of Alarm.com Holdings by 299.0% in the fourth quarter. Credit Agricole S A now owns 55,860 shares of the software maker’s stock valued at $1,555,000 after buying an additional 41,860 shares in the last quarter. PEAK6 Investments L.P. bought a new stake in shares of Alarm.com Holdings during the fourth quarter valued at $290,000. Axiom International Investors LLC DE increased its stake in shares of Alarm.com Holdings by 116.7% in the fourth quarter. Axiom International Investors LLC DE now owns 118,246 shares of the software maker’s stock valued at $3,291,000 after buying an additional 63,668 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Alarm.com Holdings by 27.0% in the fourth quarter. Brown Advisory Inc. now owns 110,158 shares of the software maker’s stock valued at $3,066,000 after buying an additional 23,447 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Alarm.com Holdings 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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