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. “
A number of other equities analysts have also commented on ALRM. Imperial Capital lifted their price target on shares of Alarm.com Holdings from $24.50 to $30.00 and gave the stock an in-line rating in a report on Tuesday, August 16th. Raymond James Financial Inc. downgraded shares of Alarm.com Holdings from an outperform rating to a market perform rating in a research note on Tuesday, August 16th. Goldman Sachs Group Inc. lifted their target price on shares of Alarm.com Holdings from $24.00 to $30.00 and gave the stock a buy rating in a research note on Tuesday, August 16th. Citigroup Inc. downgraded shares of Alarm.com Holdings to a market perform rating in a research note on Tuesday, August 16th. They noted that the move was a valuation call. Finally, Credit Suisse Group AG reissued an outperform rating and set a $28.00 target price on shares of Alarm.com Holdings in a research note on Monday, August 15th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $28.05.
Shares of Alarm.com Holdings (NASDAQ:ALRM) traded up 0.20% during trading on Tuesday, reaching $29.87. 10,854 shares of the company were exchanged. The stock’s 50-day moving average is $27.67 and its 200-day moving average is $25.56. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 126.57 and a beta of 1.91. Alarm.com Holdings has a 52-week low of $11.86 and a 52-week high of $33.13.
Alarm.com Holdings (NASDAQ:ALRM) last issued its earnings results on Monday, August 15th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. Alarm.com Holdings had a net margin of 4.74% and a negative return on equity of 18.64%. The firm had revenue of $64.42 million for the quarter, compared to analyst estimates of $58.61 million. During the same quarter last year, the business posted $0.05 earnings per share. The company’s quarterly revenue was up 24.0% on a year-over-year basis. Equities research analysts predict that Alarm.com Holdings will post $0.50 earnings per share for the current fiscal year.
In other Alarm.com Holdings news, insider Jean-Paul Martin sold 50,000 shares of Alarm.com Holdings stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $24.69, for a total value of $1,234,500.00. Following the completion of the sale, the insider now directly owns 172,904 shares of the company’s stock, valued at $4,268,999.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 78.50% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. American International Group Inc. boosted its position in shares of Alarm.com Holdings by 21.9% in the second quarter. American International Group Inc. now owns 5,938 shares of the company’s stock worth $152,000 after buying an additional 1,067 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Alarm.com Holdings during the second quarter worth about $165,000. Nationwide Fund Advisors boosted its position in shares of Alarm.com Holdings by 33.2% in the second quarter. Nationwide Fund Advisors now owns 6,701 shares of the company’s stock worth $172,000 after buying an additional 1,671 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Alarm.com Holdings by 813,100.0% in the first quarter. Royal Bank of Canada now owns 8,132 shares of the company’s stock worth $193,000 after buying an additional 8,131 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new position in shares of Alarm.com Holdings during the second quarter worth about $201,000. 61.49% of the stock is owned by hedge funds and other institutional investors.
Alarm.com Holdings Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Company operates through two segments: Alarm.com and Other. The Company’s Alarm.com segment represents its cloud-based platform for the connected home and related connected home solutions.
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