Alarm.com Holdings Inc. (NASDAQ:ALRM) – Equities research analysts at Roth Capital issued their Q3 2016 earnings estimates for shares of Alarm.com Holdings in a report issued on Monday. Roth Capital analyst D. Aftahi expects that the firm will post earnings per share of $0.11 for the quarter. Roth Capital currently has a “Buy” rating and a $33.50 target price on the stock. Roth Capital also issued estimates for Alarm.com Holdings’ Q4 2016 earnings at $0.10 EPS, FY2016 earnings at $0.46 EPS, Q1 2017 earnings at $0.12 EPS, Q2 2017 earnings at $0.14 EPS, Q3 2017 earnings at $0.14 EPS, Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $0.55 EPS and FY2018 earnings at $0.66 EPS.
Alarm.com Holdings (NASDAQ:ALRM) last posted 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 negative return on equity of 18.64% and a net margin of 4.74%. The company had revenue of $64.42 million for the quarter, compared to the consensus estimate of $58.61 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. Alarm.com Holdings’s revenue was up 24.0% on a year-over-year basis.
Several other research analysts have also commented on the company. Imperial Capital lowered Alarm.com Holdings from an “outperform” rating to an “in-line” rating and set a $24.50 price target for the company. in a research report on Tuesday, June 21st. Raymond James Financial Inc. lowered Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 16th. Credit Suisse Group AG reissued an “outperform” rating and issued a $28.00 price target on shares of Alarm.com Holdings in a research report on Monday, August 15th. Zacks Investment Research raised Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Thursday, August 18th. Finally, William Blair reissued an “outperform” rating on shares of Alarm.com Holdings in a research report on Saturday, June 25th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Alarm.com Holdings presently has an average rating of “Buy” and a consensus price target of $28.05.
Alarm.com Holdings (NASDAQ:ALRM) opened at 29.24 on Thursday. Alarm.com Holdings has a 12-month low of $11.86 and a 12-month high of $33.13. The firm has a 50-day moving average price of $27.37 and a 200-day moving average price of $25.15. The company has a market cap of $1.33 billion, a P/E ratio of 123.90 and a beta of 1.91.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Evanson Asset Management LLC acquired a new position in shares of Alarm.com Holdings during the second quarter valued at $7,474,000. Bares Capital Management Inc. increased its position in shares of Alarm.com Holdings by 10.9% in the second quarter. Bares Capital Management Inc. now owns 2,006,661 shares of the company’s stock valued at $51,431,000 after buying an additional 197,415 shares during the period. Spark Investment Management LLC increased its position in shares of Alarm.com Holdings by 517.0% in the first quarter. Spark Investment Management LLC now owns 127,100 shares of the company’s stock valued at $3,012,000 after buying an additional 106,500 shares during the period. Bank of Montreal Can acquired a new position in shares of Alarm.com Holdings during the second quarter valued at $2,648,000. Finally, EAM Investors LLC increased its position in shares of Alarm.com Holdings by 195.8% in the second quarter. EAM Investors LLC now owns 147,052 shares of the company’s stock valued at $3,769,000 after buying an additional 97,342 shares during the period. Hedge funds and other institutional investors own 61.49% of the company’s stock.
In related news, insider Jean-Paul Martin sold 50,000 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $24.69, for a total transaction of $1,234,500.00. Following the transaction, the insider now directly owns 172,904 shares in the company, valued at approximately $4,268,999.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 78.50% of the company’s stock.
About Alarm.com Holdings
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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