AlarmCom (ALRM) PT Raised to $58.00 at Raymond James

AlarmCom (NASDAQ:ALRM) had its price target upped by stock analysts at Raymond James from $55.00 to $58.00 in a report issued on Thursday. The firm currently has a “buy” rating on the software maker’s stock. Raymond James’ price target points to a potential upside of 22.70% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. ValuEngine raised shares of AlarmCom from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Roth Capital boosted their price objective on shares of AlarmCom from $51.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Jefferies Financial Group boosted their price objective on shares of AlarmCom to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised shares of AlarmCom from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Monday, August 13th. Finally, BidaskClub lowered shares of AlarmCom from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. AlarmCom presently has a consensus rating of “Buy” and a consensus price target of $55.00.

Shares of ALRM opened at $47.27 on Thursday. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 62.20, a price-to-earnings-growth ratio of 2.76 and a beta of 1.67. AlarmCom has a 12-month low of $33.39 and a 12-month high of $60.20.

AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings data on Wednesday, November 7th. The software maker reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.11. The business had revenue of $111.85 million during the quarter, compared to analyst estimates of $96.76 million. AlarmCom had a net margin of 3.50% and a negative return on equity of 72.40%. The company’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 earnings per share. Equities analysts expect that AlarmCom will post 1.01 EPS for the current year.

In related news, Director Hugh Panero sold 1,115 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $56.75, for a total value of $63,276.25. Following the completion of the sale, the director now directly owns 4,835 shares in the company, valued at $274,386.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Steve Valenzuela sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the sale, the chief financial officer now owns 42,774 shares of the company’s stock, valued at $1,924,830. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 334,245 shares of company stock valued at $18,458,406. 37.10% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale grew its holdings in AlarmCom by 202.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,302 shares of the software maker’s stock valued at $128,000 after purchasing an additional 1,542 shares during the period. Rafferty Asset Management LLC purchased a new stake in AlarmCom during the third quarter worth approximately $841,000. American International Group Inc. grew its stake in AlarmCom by 7.1% during the third quarter. American International Group Inc. now owns 24,689 shares of the software maker’s stock worth $1,417,000 after buying an additional 1,627 shares during the period. BlackRock Inc. grew its stake in AlarmCom by 27.7% during the third quarter. BlackRock Inc. now owns 4,773,882 shares of the software maker’s stock worth $274,020,000 after buying an additional 1,035,961 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in AlarmCom by 9.8% during the third quarter. PNC Financial Services Group Inc. now owns 71,948 shares of the software maker’s stock worth $4,130,000 after buying an additional 6,440 shares during the period. Hedge funds and other institutional investors own 96.99% of the company’s stock.

AlarmCom Company Profile

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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Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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