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.
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.
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.
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