Other equities research analysts also recently issued research reports about the stock. First Analysis assumed coverage on shares of Alarm.com Holdings in a research report on Thursday, July 7th. They issued an overweight rating and a $32.00 target price for the company. Credit Suisse Group AG reiterated an outperform rating and issued a $28.00 target price on shares of Alarm.com Holdings in a research report on Monday, August 15th. BB&T Corp. assumed coverage on shares of Alarm.com Holdings in a research report on Wednesday, June 15th. They issued a buy rating and a $27.00 target price for the company. Zacks Investment Research downgraded shares of Alarm.com Holdings from a strong-buy rating to a hold rating in a research report on Tuesday, July 12th. Finally, William Blair reiterated an outperform rating on shares of Alarm.com Holdings in a research report on Saturday, June 25th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Alarm.com Holdings presently has an average rating of Buy and an average target price of $28.05.
Alarm.com Holdings (NASDAQ:ALRM) opened at 29.24 on Monday. The firm has a 50-day moving average of $27.39 and a 200-day moving average of $25.12. The stock has a market capitalization of $1.33 billion, a PE ratio of 123.90 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 released its earnings results on Monday, August 15th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 company earned $64.42 million during the quarter, compared to the consensus estimate of $58.61 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The company’s revenue was up 24.0% compared to the same quarter last year. On average, equities analysts expect that Alarm.com Holdings will post $0.50 EPS for the current year.
In related 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 transaction, the insider now owns 172,904 shares in the company, valued at approximately $4,268,999.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 78.50% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. increased 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 valued at $152,000 after buying an additional 1,067 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Alarm.com Holdings during the second quarter valued at approximately $165,000. Nationwide Fund Advisors increased 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 valued at $172,000 after buying an additional 1,671 shares during the period. Metropolitan Life Insurance Co. NY purchased a new position in shares of Alarm.com Holdings during the second quarter valued at approximately $201,000. Finally, Royal Bank of Canada increased 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 valued at $193,000 after buying an additional 8,131 shares during the period. Hedge funds and other institutional investors own 61.49% 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.
Receive News & Ratings for Alarm.com Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alarm.com Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.