Maxim Group reiterated their buy rating on shares of AlarmCom Hldg Inc (NASDAQ:ALRM) in a report released on Thursday. The brokerage currently has a $42.00 target price on the stock, up from their prior target price of $37.00.
Other research analysts have also issued research reports about the company. Roth Capital set a $39.00 target price on AlarmCom Hldg and gave the company a buy rating in a report on Saturday, March 11th. Zacks Investment Research lowered AlarmCom Hldg from a buy rating to a hold rating in a report on Tuesday, January 17th. Stifel Nicolaus reissued a hold rating and issued a $29.00 target price (up previously from $27.00) on shares of AlarmCom Hldg in a report on Thursday, March 16th. Finally, Goldman Sachs Group Inc began coverage on AlarmCom Hldg in a report on Tuesday, January 31st. They issued a neutral rating and a $31.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. AlarmCom Hldg presently has a consensus rating of Buy and an average target price of $34.10.
AlarmCom Hldg (NASDAQ:ALRM) opened at 32.99 on Thursday. 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. The company has a 50-day moving average price of $28.97 and a 200 day moving average price of $28.51.
AlarmCom Hldg (NASDAQ:ALRM) last released its quarterly earnings results on Wednesday, March 15th. The company reported $0.19 EPS for the quarter, topping the consensus estimate 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 negative return on equity of 20.70% and a net margin of 4.21%. The firm’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. Analysts expect that AlarmCom Hldg will post $0.74 earnings per share for the current fiscal year.
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In related news, insider Daniel Kerzner sold 36,000 shares of AlarmCom Hldg stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $27.54, for a total value of $991,440.00. Following the sale, the insider now directly owns 37,341 shares in the company, valued at $1,028,371.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jean-Paul Martin sold 40,000 shares of AlarmCom Hldg stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $27.04, for a total value of $1,081,600.00. Following the completion of the sale, the insider now owns 162,904 shares in the company, valued at $4,404,924.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,498 shares of company stock worth $4,334,860. Company insiders own 78.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ALRM. A.R.T. Advisors LLC purchased a new stake in AlarmCom Hldg during the fourth quarter worth approximately $225,000. PEAK6 Investments L.P. purchased a new stake in AlarmCom Hldg during the fourth quarter worth approximately $290,000. Lebenthal Lisanti Capital Growth LLC purchased a new stake in AlarmCom Hldg during the third quarter worth approximately $318,000. Redmond Asset Management LLC purchased a new stake in AlarmCom Hldg during the fourth quarter worth approximately $432,000. Finally, Strs Ohio purchased a new stake in AlarmCom Hldg during the third quarter worth approximately $585,000. Institutional investors own 63.00% of the company’s stock.
About AlarmCom Hldg
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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