Equities analysts expect AlarmCom Hldg Inc (NASDAQ:ALRM) to post sales of $99.63 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for AlarmCom’s earnings, with estimates ranging from $99.19 million to $100.10 million. AlarmCom reported sales of $88.79 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.2%. The company is scheduled to report its next earnings report after the market closes on Thursday, February 28th.
According to Zacks, analysts expect that AlarmCom will report full year sales of $408.73 million for the current year, with estimates ranging from $408.28 million to $409.20 million. For the next year, analysts expect that the business will post sales of $440.94 million, with estimates ranging from $435.10 million to $451.96 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for AlarmCom.
A number of brokerages have recently commented on ALRM. ValuEngine raised AlarmCom from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Zacks Investment Research lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Raymond James boosted their price objective on shares of AlarmCom from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 8th. BidaskClub lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a report on Thursday, December 20th. Finally, Imperial Capital upgraded shares of AlarmCom from an “in-line” rating to an “outperform” rating and decreased their price objective for the stock from $60.00 to $58.00 in a report on Tuesday, November 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $55.55.
Shares of ALRM remained flat at $$65.01 during mid-day trading on Tuesday. The stock had a trading volume of 287,887 shares, compared to its average volume of 553,531. AlarmCom has a 12-month low of $33.39 and a 12-month high of $65.58. The company has a market cap of $3.12 billion, a PE ratio of 85.54, a P/E/G ratio of 3.35 and a beta of 1.48.
In related news, CEO Stephen Trundle sold 18,800 shares of the business’s stock in a transaction that occurred on Monday, January 14th. The shares were sold at an average price of $55.11, for a total value of $1,036,068.00. Following the completion of the transaction, the chief executive officer now directly owns 218,514 shares in the company, valued at approximately $12,042,306.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Daniel Ramos sold 5,446 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $50.77, for a total transaction of $276,493.42. Following the completion of the transaction, the vice president now owns 24,902 shares of the company’s stock, valued at $1,264,274.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,221 shares of company stock valued at $4,400,514. 37.10% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank purchased a new stake in AlarmCom during the 4th quarter valued at $255,000. Riverstone Advisors LLC purchased a new stake in AlarmCom during the 4th quarter valued at $3,138,000. Legal & General Group Plc raised its stake in AlarmCom by 3.6% during the 4th quarter. Legal & General Group Plc now owns 81,697 shares of the software maker’s stock valued at $4,229,000 after buying an additional 2,820 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in AlarmCom by 4.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 24,717 shares of the software maker’s stock valued at $1,282,000 after buying an additional 980 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in AlarmCom during the 4th quarter valued at $522,000. Institutional investors and hedge funds own 97.54% of the company’s stock.
Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.
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