Alarm.com Holdings, Inc. (NASDAQ:ALRM) – William Blair lifted their Q1 2018 earnings per share estimates for shares of Alarm.com Holdings in a report issued on Tuesday. William Blair analyst B. Suri now anticipates that the software maker will post earnings per share of $0.20 for the quarter, up from their previous forecast of $0.19.
Alarm.com Holdings (NASDAQ:ALRM) last announced its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.14. Alarm.com Holdings had a negative return on equity of 34.65% and a net margin of 6.50%. The business had revenue of $86 million for the quarter, compared to the consensus estimate of $81.05 million. During the same period last year, the business posted $0.15 EPS. The business’s revenue was up 33.5% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: This report was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.com-unik.info/2017/08/11/q1-2018-eps-estimates-for-alarm-com-holdings-inc-lifted-by-william-blair-alrm.html.
Several other analysts have also recently issued reports on ALRM. Imperial Capital reiterated an “outperform” rating and issued a $36.00 price objective (up from $35.00) on shares of Alarm.com Holdings in a research note on Thursday, May 11th. Zacks Investment Research lowered Alarm.com Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Northland Securities assumed coverage on Alarm.com Holdings in a report on Friday, June 9th. They issued an “outperform” rating and a $41.00 target price on the stock. BidaskClub lowered Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $29.00 target price on shares of Alarm.com Holdings in a report on Tuesday, July 25th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $41.89.
Shares of Alarm.com Holdings (NASDAQ ALRM) traded up 0.5699% on Friday, hitting $40.7811. The stock had a trading volume of 448,134 shares. Alarm.com Holdings has a 12-month low of $24.52 and a 12-month high of $42.48. The stock has a 50 day moving average of $37.84 and a 200 day moving average of $32.91. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 104.2995 and a beta of 1.52.
A number of institutional investors have recently bought and sold shares of ALRM. Victory Capital Management Inc. raised its position in shares of Alarm.com Holdings 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 during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Alarm.com Holdings by 95.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock valued at $156,000 after buying an additional 2,033 shares during the last quarter. Legal & General Group Plc raised its position in shares of Alarm.com Holdings by 57.4% in the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock valued at $172,000 after buying an additional 1,673 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Alarm.com Holdings during the first quarter valued at about $178,000. Finally, American International Group Inc. raised its position in shares of Alarm.com Holdings 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 during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider David Hutz sold 3,500 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $31.59, for a total value of $110,565.00. Following the transaction, the insider now owns 141,522 shares of the company’s stock, valued at $4,470,679.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel Kerzner sold 20,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $40.21, for a total value of $804,200.00. Following the completion of the transaction, the insider now directly owns 17,151 shares in the company, valued at approximately $689,641.71. The disclosure for this sale can be found here. Insiders sold 190,777 shares of company stock worth $6,874,334 in the last three months. 78.50% of the stock is currently owned by corporate insiders.
About Alarm.com Holdings
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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