Alarm.com Holdings Inc. (NASDAQ:ALRM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
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 research firms also recently issued reports on ALRM. Imperial Capital increased their price objective on 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 Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 16th. Goldman Sachs Group Inc. increased their price objective on Alarm.com Holdings from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Citigroup Inc. downgraded Alarm.com Holdings to a “market perform” rating in a report on Tuesday, August 16th. They noted that the move was a valuation call. Finally, Credit Suisse Group AG reiterated an “outperform” rating and set a $28.00 price objective on shares of Alarm.com Holdings in a report on Monday, August 15th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.05.
Shares of Alarm.com Holdings (NASDAQ:ALRM) traded up 0.68% on Tuesday, hitting $29.81. The stock had a trading volume of 194,874 shares. The stock’s 50-day moving average price is $27.60 and its 200 day moving average price is $25.52. The company has a market cap of $1.36 billion, a PE ratio of 126.31 and a beta of 1.90. 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 posted its quarterly earnings data on Monday, August 15th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. The business earned $64.42 million during the quarter, compared to the consensus estimate of $58.61 million. Alarm.com Holdings had a negative return on equity of 18.64% and a net margin of 4.74%. Alarm.com Holdings’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share. On average, analysts predict that Alarm.com Holdings will post $0.50 EPS for the current year.
In other news, insider Jean-Paul Martin sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was 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 accessible through this link. 78.50% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Bares Capital Management Inc. boosted its stake in 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 worth $51,431,000 after buying an additional 197,415 shares during the last quarter. Janus Capital Management LLC boosted its stake in Alarm.com Holdings by 1.4% in the second quarter. Janus Capital Management LLC now owns 618,919 shares of the company’s stock worth $15,863,000 after buying an additional 8,768 shares during the last quarter. Vanguard Group Inc. boosted its stake in Alarm.com Holdings by 13.4% in the second quarter. Vanguard Group Inc. now owns 397,674 shares of the company’s stock worth $10,192,000 after buying an additional 46,889 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in Alarm.com Holdings by 2.5% in the second quarter. Lord Abbett & CO. LLC now owns 312,013 shares of the company’s stock worth $7,997,000 after buying an additional 7,668 shares during the last quarter. Finally, Evanson Asset Management LLC acquired a new stake in Alarm.com Holdings during the second quarter worth about $7,474,000. 61.49% of the stock is owned by institutional investors.
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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