BidaskClub Upgrades AlarmCom (ALRM) to “Hold”

AlarmCom (NASDAQ:ALRM) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

A number of other research firms have also recently issued reports on ALRM. Jefferies Group upgraded AlarmCom from a “hold” rating to a “buy” rating and dropped their price objective for the company from $44.00 to $43.00 in a report on Thursday. Maxim Group restated a “buy” rating and set a $57.00 price objective on shares of AlarmCom in a report on Tuesday, November 21st. Northland Securities set a $51.00 price objective on AlarmCom and gave the company a “buy” rating in a report on Thursday, November 16th. Credit Suisse Group restated an “outperform” rating and set a $52.00 price objective (up previously from $46.00) on shares of AlarmCom in a report on Thursday, November 9th. Finally, Stifel Nicolaus restated a “hold” rating and set a $38.00 price objective (up previously from $34.00) on shares of AlarmCom in a report on Thursday, November 9th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.90.

AlarmCom (ALRM) opened at $39.43 on Friday. The firm has a market capitalization of $1,850.00 and a P/E ratio of 60.66. The company has a current ratio of 3.16, a quick ratio of 2.88 and a debt-to-equity ratio of -0.81. AlarmCom has a 12-month low of $26.84 and a 12-month high of $49.49.

AlarmCom (NASDAQ:ALRM) last released its earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.07. The firm had revenue of $90.00 million for the quarter, compared to the consensus estimate of $83.04 million. AlarmCom had a negative return on equity of 42.00% and a net margin of 9.97%. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. analysts forecast that AlarmCom will post 0.82 earnings per share for the current year.

In other AlarmCom news, Director Hugh Panero sold 16,114 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $37.26, for a total value of $600,407.64. Following the completion of the sale, the director now directly owns 58,615 shares in the company, valued at approximately $2,183,994.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel Ramos sold 4,800 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $47.15, for a total value of $226,320.00. Following the completion of the sale, the vice president now owns 82,327 shares of the company’s stock, valued at $3,881,718.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 283,178 shares of company stock valued at $12,111,202. 78.50% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. lifted its holdings in shares of AlarmCom by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after buying an additional 632 shares during the period. Legal & General Group Plc lifted its holdings in shares of AlarmCom by 57.4% in the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after buying an additional 1,673 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of AlarmCom by 95.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after buying an additional 2,033 shares during the period. SG Americas Securities LLC purchased a new stake in shares of AlarmCom in the 3rd quarter worth $109,000. Finally, First Republic Investment Management Inc. lifted its holdings in shares of AlarmCom by 27.5% in the 3rd quarter. First Republic Investment Management Inc. now owns 11,413 shares of the software maker’s stock worth $516,000 after buying an additional 2,460 shares during the period. Institutional investors and hedge funds own 83.16% of the company’s stock.

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AlarmCom 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.

Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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