AlarmCom (NASDAQ:ALRM) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of AlarmCom (NASDAQ:ALRM) from a hold rating to a buy rating in a report issued on Tuesday morning, Zacks.com reports. The firm currently has $54.00 target price on the software maker’s stock.

According to Zacks, “Alarm.com Holdings, Inc. offers interactive security solutions for home and business owners. The Company offers security systems which include image sensor, crash and smash protection, web control, mobile access and video monitoring. Alarm.com Holdings, Inc. is based in VIENNA, United States. “

Several other brokerages have also recently issued reports on ALRM. Jefferies Financial Group cut AlarmCom from a buy rating to a hold rating and dropped their price objective for the stock from $71.00 to $66.00 in a research note on Monday, May 13th. Imperial Capital reissued an in-line rating and issued a $58.00 price objective (down previously from $64.00) on shares of AlarmCom in a research note on Tuesday. Northland Securities reissued a buy rating and issued a $73.00 price objective on shares of AlarmCom in a research note on Friday, May 10th. ValuEngine cut AlarmCom from a buy rating to a hold rating in a research note on Friday, July 26th. Finally, Raymond James set a $77.00 price objective on AlarmCom and gave the stock a buy rating in a research note on Friday, May 10th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. AlarmCom currently has an average rating of Buy and a consensus price target of $67.70.

Shares of NASDAQ:ALRM opened at $46.42 on Tuesday. AlarmCom has a 52-week low of $40.92 and a 52-week high of $71.50. The stock has a market cap of $2.27 billion, a P/E ratio of 41.74, a price-to-earnings-growth ratio of 3.54 and a beta of 1.38. The business’s 50 day moving average is $50.67 and its 200 day moving average is $59.24.

AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.08. AlarmCom had a negative return on equity of 98.00% and a net margin of 5.05%. The company had revenue of $121.66 million for the quarter, compared to analysts’ expectations of $109.45 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. AlarmCom’s revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that AlarmCom will post 1.11 EPS for the current fiscal year.

In other AlarmCom news, CFO Steve Valenzuela sold 1,083 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $57.99, for a total transaction of $62,803.17. Following the sale, the chief financial officer now owns 41,632 shares of the company’s stock, valued at approximately $2,414,239.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amalgamated Bank bought a new stake in AlarmCom in the fourth quarter valued at approximately $255,000. Dimensional Fund Advisors LP lifted its stake in AlarmCom by 35.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 636,431 shares of the software maker’s stock valued at $33,012,000 after buying an additional 165,244 shares during the period. Norges Bank acquired a new position in AlarmCom in the fourth quarter valued at approximately $33,739,000. Geode Capital Management LLC lifted its stake in AlarmCom by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 393,389 shares of the software maker’s stock valued at $20,404,000 after buying an additional 35,984 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in AlarmCom in the first quarter valued at approximately $340,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

About AlarmCom

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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