Brokerages expect that AlarmCom Hldg Inc (NASDAQ:ALRM) will announce sales of $89.41 million for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for AlarmCom’s earnings. The lowest sales estimate is $86.47 million and the highest is $90.30 million. AlarmCom reported sales of $74.19 million in the same quarter last year, which indicates a positive year over year growth rate of 20.5%. The business is expected to announce its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that AlarmCom will report full-year sales of $89.41 million for the current financial year, with estimates ranging from $380.71 million to $381.80 million. For the next financial year, analysts expect that the firm will report sales of $426.84 million per share, with estimates ranging from $417.34 million to $431.68 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for AlarmCom.
ALRM has been the subject of a number of recent research reports. BidaskClub downgraded AlarmCom from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Jefferies Group raised AlarmCom from a “hold” rating to a “buy” rating and reduced their price target for the stock from $44.00 to $43.00 in a research report on Thursday, January 18th. Zacks Investment Research raised AlarmCom from a “hold” rating to a “strong-buy” rating and set a $45.00 price target for the company in a research report on Monday, January 22nd. Imperial Capital raised AlarmCom from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $37.88 to $45.00 in a research report on Friday, February 16th. Finally, Maxim Group reaffirmed a “buy” rating and set a $59.00 price target (up previously from $57.00) on shares of AlarmCom in a research report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. AlarmCom has a consensus rating of “Buy” and a consensus target price of $48.20.
In other news, insider Stephen Trundle sold 25,000 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $39.11, for a total value of $977,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darius G. Nevin acquired 10,000 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was bought at an average cost of $37.21 per share, with a total value of $372,100.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $372,100. The disclosure for this purchase can be found here. Corporate insiders own 78.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of AlarmCom by 10.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,549 shares of the software maker’s stock valued at $625,000 after buying an additional 1,610 shares during the last quarter. Blueport Capital L.P. boosted its holdings in shares of AlarmCom by 19.6% in the 4th quarter. Blueport Capital L.P. now owns 10,788 shares of the software maker’s stock valued at $407,000 after buying an additional 1,771 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of AlarmCom in the 3rd quarter valued at approximately $109,000. First Republic Investment Management Inc. boosted its holdings in shares of AlarmCom by 27.5% in the 3rd quarter. First Republic Investment Management Inc. now owns 11,413 shares of the software maker’s stock valued at $516,000 after buying an additional 2,460 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of AlarmCom by 33.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,955 shares of the software maker’s stock valued at $541,000 after buying an additional 2,994 shares during the last quarter. 87.73% of the stock is owned by institutional investors.
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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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