AlarmCom (ALRM) Upgraded at Jefferies Group

Jefferies Group upgraded shares of AlarmCom (NASDAQ:ALRM) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. The firm currently has $43.00 price objective on the software maker’s stock, down from their previous price objective of $44.00.

Several other equities research analysts have also weighed in on ALRM. William Blair reiterated an outperform rating on shares of AlarmCom in a research note on Thursday, September 21st. Zacks Investment Research lowered shares of AlarmCom from a strong-buy rating to a hold rating in a research note on Tuesday, October 10th. Northland Securities reiterated a buy rating and set a $51.00 price objective on shares of AlarmCom in a research note on Friday, October 13th. Bank of America increased their price objective on shares of AlarmCom from $46.00 to $55.00 and gave the stock a buy rating in a research note on Tuesday, October 24th. Finally, Stifel Nicolaus reiterated a hold rating and set a $38.00 price objective (up previously from $34.00) on shares of AlarmCom in a research note on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $46.90.

Shares of AlarmCom (ALRM) traded down $0.70 during trading on Thursday, hitting $38.73. 791,438 shares of the stock were exchanged, compared to its average volume of 748,173. The firm has a market cap of $1,825.73, a price-to-earnings ratio of 59.59, a PEG ratio of 3.27 and a beta of 1.26. The company has a current ratio of 3.16, a quick ratio of 2.88 and a debt-to-equity ratio of -0.81. AlarmCom has a 1-year low of $26.84 and a 1-year high of $49.49.

AlarmCom (NASDAQ:ALRM) last issued its earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The business had revenue of $90.00 million for the quarter, compared to analyst estimates of $83.04 million. AlarmCom had a net margin of 9.97% and a negative return on equity of 42.00%. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 EPS. equities analysts expect that AlarmCom will post 0.82 EPS for the current year.

In other AlarmCom news, VP Daniel Ramos sold 4,800 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $47.15, for a total value of $226,320.00. Following the completion of the transaction, the vice president now owns 82,327 shares in the company, valued at approximately $3,881,718.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Timothy P. Mcadam sold 20,407 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $36.78, for a total transaction of $750,569.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 283,178 shares of company stock valued at $12,111,202. 78.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in AlarmCom in the 3rd quarter worth about $109,000. Macquarie Group Ltd. bought a new position in AlarmCom in the 3rd quarter worth about $147,000. BNP Paribas Arbitrage SA grew its position in AlarmCom by 95.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after purchasing an additional 2,033 shares during the last quarter. Victory Capital Management Inc. grew its position in AlarmCom by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after purchasing an additional 632 shares during the last quarter. Finally, Legal & General Group Plc grew its position in AlarmCom by 57.4% in the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after purchasing an additional 1,673 shares during the last quarter. Hedge funds and other institutional investors own 83.16% of the company’s stock.

WARNING: “AlarmCom (ALRM) Upgraded at Jefferies Group” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3149070/alarmcom-alrm-upgraded-at-jefferies-group.html.

AlarmCom Company Profile

Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.

Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

Receive News & Ratings for AlarmCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AlarmCom and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.