AlarmCom (NASDAQ:ALRM) had its price target trimmed by Imperial Capital from $58.00 to $51.00 in a research note issued to investors on Thursday, Briefing.com Automated Import reports. The firm currently has an in-line rating on the software maker’s stock.
ALRM has been the subject of a number of other reports. Zacks Investment Research lowered AlarmCom from a buy rating to a hold rating in a report on Monday, October 28th. BidaskClub upgraded AlarmCom from a sell rating to a hold rating in a report on Wednesday, October 23rd. Maxim Group reiterated a buy rating and set a $79.00 price target on shares of AlarmCom in a report on Friday, August 9th. Credit Suisse Group cut their price target on AlarmCom from $70.00 to $62.00 and set an outperform rating for the company in a report on Friday, August 9th. Finally, Roth Capital set a $51.00 price target on AlarmCom and gave the stock a hold rating in a report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $65.70.
Shares of ALRM traded down $2.01 during trading hours on Thursday, reaching $45.37. The company’s stock had a trading volume of 419,900 shares, compared to its average volume of 432,374. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 34.63, a P/E/G ratio of 3.31 and a beta of 1.39. The company has a 50 day moving average of $47.78 and a two-hundred day moving average of $52.73. AlarmCom has a 1-year low of $43.52 and a 1-year high of $71.50.
AlarmCom (NASDAQ:ALRM) last announced its earnings results on Tuesday, November 5th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The firm had revenue of $127.90 million during the quarter, compared to analysts’ expectations of $114.62 million. AlarmCom had a negative return on equity of 105.06% and a net margin of 10.23%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. Equities research analysts anticipate that AlarmCom will post 1.11 earnings per share for the current fiscal year.
In related news, insider Stephen Trundle sold 20,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $47.18, for a total value of $943,600.00. Following the completion of the transaction, the insider now directly owns 242,443 shares in the company, valued at $11,438,460.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 26.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pearl River Capital LLC acquired a new position in AlarmCom during the second quarter worth $38,000. Tower Research Capital LLC TRC acquired a new position in AlarmCom during the second quarter worth $42,000. Private Capital Group LLC raised its stake in AlarmCom by 26.5% during the second quarter. Private Capital Group LLC now owns 1,170 shares of the software maker’s stock worth $47,000 after acquiring an additional 245 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in AlarmCom during the second quarter worth $75,000. Finally, Tower Research Capital LLC TRC raised its stake in AlarmCom by 110.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,635 shares of the software maker’s stock worth $76,000 after acquiring an additional 857 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.
AlarmCom Company Profile
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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