Alarm.com Holdings, Inc. (NASDAQ:ALRM) Earns Buy Rating from Maxim Group

Alarm.com Holdings, Inc. (NASDAQ:ALRM)‘s stock had its “buy” rating reaffirmed by investment analysts at Maxim Group in a report released on Wednesday, August 9th. They currently have a $44.00 target price on the software maker’s stock. Maxim Group’s price target indicates a potential upside of 3.09% from the stock’s current price.

A number of other research firms also recently issued reports on ALRM. Credit Suisse Group reiterated an “outperform” rating and set a $46.00 price target (up from $37.00) on shares of Alarm.com Holdings in a research report on Wednesday, August 9th. Northland Securities set a $41.00 price target on shares of Alarm.com Holdings and gave the company a “buy” rating in a research report on Wednesday, July 19th. Stifel Nicolaus reiterated a “hold” rating and set a $29.00 price target on shares of Alarm.com Holdings in a research report on Tuesday, July 25th. BidaskClub downgraded shares of Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Imperial Capital lifted their price target on shares of Alarm.com Holdings from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, June 15th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Alarm.com Holdings has a consensus rating of “Buy” and an average target price of $43.11.

Alarm.com Holdings (ALRM) opened at 42.68 on Wednesday. The firm’s 50 day moving average price is $38.61 and its 200-day moving average price is $33.53. The firm has a market cap of $1.99 billion, a PE ratio of 109.16 and a beta of 1.52. Alarm.com Holdings has a one year low of $24.52 and a one year high of $42.84.

Alarm.com Holdings (NASDAQ:ALRM) last posted 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 net margin of 6.50% and a negative return on equity of 35.68%. The company had revenue of $86 million during the quarter, compared to the consensus estimate of $81.05 million. During the same period last year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. Equities analysts predict that Alarm.com Holdings will post $0.97 EPS for the current fiscal year.

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In related news, insider Daniel Kerzner sold 18,500 shares of Alarm.com Holdings stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $37.04, for a total transaction of $685,240.00. Following the completion of the transaction, the insider now directly owns 11,065 shares in the company, valued at approximately $409,847.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Hutz sold 3,500 shares of Alarm.com Holdings stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 220,777 shares of company stock valued at $8,088,734 over the last 90 days. Insiders own 78.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of Alarm.com Holdings during the first quarter valued at $178,000. Airain ltd acquired a new position in shares of Alarm.com Holdings during the first quarter valued at $413,000. Trexquant Investment LP acquired a new position in shares of Alarm.com Holdings during the first quarter valued at $404,000. Parametric Portfolio Associates LLC increased its position in shares of Alarm.com Holdings by 15.3% in the first quarter. Parametric Portfolio Associates LLC now owns 32,269 shares of the software maker’s stock valued at $992,000 after buying an additional 4,276 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in shares of Alarm.com Holdings during the first quarter valued at $1,564,000. Institutional investors own 78.52% 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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