AlarmCom Hldg Inc (NASDAQ:ALRM) had its target price increased by Goldman Sachs Group Inc from $31.00 to $34.00 in a research note issued to investors on Thursday morning. The brokerage currently has a neutral rating on the stock.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of AlarmCom Hldg from a hold rating to a buy rating and set a $32.00 target price for the company in a research note on Thursday, November 17th. Maxim Group reissued a buy rating and set a $42.00 target price (up previously from $37.00) on shares of AlarmCom Hldg in a research note on Thursday, March 16th. Stifel Nicolaus reissued a hold rating and set a $29.00 target price (up previously from $27.00) on shares of AlarmCom Hldg in a research note on Thursday, March 16th. Finally, Roth Capital set a $39.00 target price on shares of AlarmCom Hldg and gave the stock a buy rating in a research note on Saturday, March 11th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $34.10.
AlarmCom Hldg (NASDAQ:ALRM) opened at 32.99 on Thursday. The stock’s 50 day moving average is $28.97 and its 200-day moving average is $28.51. AlarmCom Hldg has a 1-year low of $19.91 and a 1-year high of $34.43. The firm has a market capitalization of $1.52 billion, a P/E ratio of 149.95 and a beta of 1.64.
AlarmCom Hldg (NASDAQ:ALRM) last issued its quarterly earnings results on Wednesday, March 15th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $69.79 million for the quarter, compared to analyst estimates of $63.95 million. AlarmCom Hldg had a net margin of 4.21% and a negative return on equity of 20.70%. AlarmCom Hldg’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. Analysts forecast that AlarmCom Hldg will post $0.74 EPS for the current year.
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In other AlarmCom Hldg news, insider David Hutz sold 3,498 shares of AlarmCom Hldg stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $27.31, for a total value of $95,530.38. Following the completion of the sale, the insider now directly owns 156,024 shares of the company’s stock, valued at $4,261,015.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jean-Paul Martin sold 40,000 shares of AlarmCom Hldg stock in a transaction on Monday, January 9th. The shares were sold at an average price of $27.04, for a total transaction of $1,081,600.00. Following the completion of the sale, the insider now directly owns 162,904 shares of the company’s stock, valued at $4,404,924.16. The disclosure for this sale can be found here. Insiders have sold 156,498 shares of company stock valued at $4,334,860 in the last three months. 78.50% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC bought a new stake in AlarmCom Hldg during the fourth quarter valued at $225,000. PEAK6 Investments L.P. bought a new stake in AlarmCom Hldg during the fourth quarter valued at $290,000. Lebenthal Lisanti Capital Growth LLC bought a new stake in AlarmCom Hldg during the third quarter valued at $318,000. Redmond Asset Management LLC bought a new stake in AlarmCom Hldg during the fourth quarter valued at $432,000. Finally, Strs Ohio bought a new stake in AlarmCom Hldg during the third quarter valued at $585,000. 63.00% of the stock is owned by hedge funds and other institutional investors.
AlarmCom Hldg 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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