Alarm.com Holdings Inc. (ALRM) Research Coverage Started at Maxim Group

Maxim Group started coverage on shares of Alarm.com Holdings Inc. (NASDAQ:ALRM) in a research note published on Thursday morning. The brokerage issued a buy rating and a $37.00 price target on the stock.

Several other research firms also recently issued reports on ALRM. Zacks Investment Research raised shares of Alarm.com Holdings from a hold rating to a buy rating and set a $32.00 price target for the company in a research report on Thursday, November 17th. Citigroup Inc. downgraded shares of Alarm.com Holdings to a market perform rating in a research report on Tuesday, August 16th. They noted that the move was a valuation call. Goldman Sachs Group Inc. lifted their price target on shares of Alarm.com Holdings from $24.00 to $30.00 and gave the company a buy rating in a research report on Tuesday, August 16th. Roth Capital initiated coverage on shares of Alarm.com Holdings in a report on Monday, October 3rd. They set a buy rating and a $33.50 price objective on the stock. Finally, Imperial Capital lifted their price objective on shares of Alarm.com Holdings from $24.50 to $30.00 and gave the stock an in-line rating in a report on Tuesday, August 16th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Alarm.com Holdings presently has a consensus rating of Buy and a consensus price target of $30.05.

Analyst Recommendations for Alarm.com Holdings (NASDAQ:ALRM)

Alarm.com Holdings (NASDAQ:ALRM) opened at 28.36 on Thursday. Alarm.com Holdings has a 12 month low of $14.00 and a 12 month high of $34.43. The stock has a 50 day moving average of $29.62 and a 200 day moving average of $27.32. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 128.91 and a beta of 1.76.

Alarm.com Holdings (NASDAQ:ALRM) last posted its quarterly earnings results on Monday, November 14th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. Alarm.com Holdings had a net margin of 4.21% and a negative return on equity of 20.70%. The business earned $67.80 million during the quarter, compared to the consensus estimate of $59.73 million. During the same quarter last year, the firm posted $0.14 EPS. Alarm.com Holdings’s revenue was up 25.6% compared to the same quarter last year. Equities analysts anticipate that Alarm.com Holdings will post $0.59 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Alarm.com Holdings Inc. (ALRM) Research Coverage Started at Maxim Group” was originally published by Sports Perspectives and is the propert of of Sports Perspectives. If you are accessing this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The legal version of this news story can be viewed at https://sportsperspectives.com/2016/12/06/alarm-com-holdings-inc-alrm-research-coverage-started-at-maxim-group.html.

In related news, insider Jean-Paul Martin sold 50,000 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $24.69, for a total value of $1,234,500.00. Following the sale, the insider now directly owns 172,904 shares in the company, valued at approximately $4,268,999.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel Ramos sold 40,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $29.32, for a total value of $1,172,800.00. Following the completion of the sale, the vice president now owns 211,364 shares in the company, valued at $6,197,192.48. The disclosure for this sale can be found here. 78.50% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new stake in shares of Alarm.com Holdings during the second quarter worth about $165,000. Evanson Asset Management LLC purchased a new stake in shares of Alarm.com Holdings during the second quarter worth about $7,474,000. Bank of Montreal Can purchased a new stake in shares of Alarm.com Holdings during the second quarter worth about $2,648,000. Bank of New York Mellon Corp boosted its stake in shares of Alarm.com Holdings by 114.6% in the second quarter. Bank of New York Mellon Corp now owns 67,562 shares of the company’s stock worth $1,731,000 after buying an additional 36,074 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Alarm.com Holdings by 25.4% in the second quarter. California State Teachers Retirement System now owns 21,631 shares of the company’s stock worth $554,000 after buying an additional 4,376 shares in the last quarter. Institutional investors and hedge funds own 62.37% of the company’s stock.

About Alarm.com Holdings

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.

5 Day Chart for NASDAQ:ALRM

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

Latest News

Leave a Reply