Zacks Investment Research downgraded shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning.
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. “
Several other equities analysts have also issued reports on the company. Jefferies Group LLC assumed coverage on Alarm.com Holdings in a research note on Friday, October 6th. They set a hold rating and a $43.00 target price on the stock. William Blair reissued an outperform rating on shares of Alarm.com Holdings in a research note on Thursday, September 21st. Roth Capital reissued a buy rating and set a $48.00 target price on shares of Alarm.com Holdings in a research note on Friday, September 8th. Northland Securities set a $45.00 target price on Alarm.com Holdings and gave the stock a buy rating in a research note on Wednesday, August 9th. Finally, Imperial Capital lowered Alarm.com Holdings from an outperform rating to an in-line rating and increased their target price for the stock from $40.00 to $45.00 in a research note on Thursday, August 10th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alarm.com Holdings has an average rating of Buy and a consensus price target of $43.10.
Alarm.com Holdings (NASDAQ:ALRM) traded up 0.76% during mid-day trading on Tuesday, reaching $48.89. The company’s stock had a trading volume of 73,484 shares. The firm’s 50 day moving average price is $45.66 and its 200 day moving average price is $45.66. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 125.04 and a beta of 1.45. Alarm.com Holdings has a 12-month low of $26.68 and a 12-month high of $48.98.
Alarm.com Holdings (NASDAQ:ALRM) last posted its earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.14. Alarm.com Holdings had a negative return on equity of 35.68% and a net margin of 6.50%. The firm had revenue of $86.00 million for the quarter, compared to analyst estimates of $81.05 million. During the same quarter in the prior year, the company earned $0.15 EPS. Alarm.com Holdings’s revenue was up 33.5% on a year-over-year basis. On average, equities analysts predict that Alarm.com Holdings will post $0.97 earnings per share for the current year.
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In other Alarm.com Holdings news, insider Daniel Kerzner sold 18,500 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $37.04, for a total transaction of $685,240.00. Following the sale, the insider now owns 11,065 shares in the company, valued at approximately $409,847.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Jean-Paul Martin sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $45.13, for a total value of $451,300.00. Following the sale, the chief technology officer now owns 140,404 shares in the company, valued at approximately $6,336,432.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 370,942 shares of company stock worth $15,995,942. 78.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bares Capital Management Inc. increased its holdings in Alarm.com Holdings by 65.4% during the 1st quarter. Bares Capital Management Inc. now owns 2,325,021 shares of the software maker’s stock worth $71,471,000 after purchasing an additional 919,682 shares during the period. Riverbridge Partners LLC purchased a new stake in Alarm.com Holdings during the 2nd quarter worth about $50,898,000. Janus Henderson Group PLC purchased a new stake in Alarm.com Holdings during the 2nd quarter worth about $37,684,000. Vanguard Group Inc. increased its holdings in Alarm.com Holdings by 21.7% during the 2nd quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock worth $29,229,000 after purchasing an additional 138,595 shares during the period. Finally, Janus Capital Management LLC increased its holdings in Alarm.com Holdings by 18.0% during the 1st quarter. Janus Capital Management LLC now owns 692,281 shares of the software maker’s stock worth $21,281,000 after purchasing an additional 105,653 shares during the period. Institutional investors own 84.05% of the company’s stock.
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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