AlarmCom (NASDAQ:ALRM) PT Lowered to $55.00

AlarmCom (NASDAQ:ALRM) had its price objective reduced by Roth Capital from $73.00 to $55.00 in a research report sent to investors on Tuesday morning, The Fly reports.

A number of other analysts also recently commented on ALRM. Imperial Capital reissued an outperform rating and set a $67.00 price objective (down previously from $70.00) on shares of Penn Virginia in a report on Monday, May 13th. BidaskClub downgraded shares of Walgreens Boots Alliance from a sell rating to a strong sell rating in a report on Monday, June 24th. Bank of America reissued a buy rating and set a $143.00 price objective on shares of Xilinx in a report on Friday, May 3rd. Jefferies Financial Group reissued a buy rating on shares of Aberdeen Indonesia Fund in a report on Monday, May 13th. Finally, Raymond James reissued a buy rating on shares of Canadian Natural Resources in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $66.27.

Shares of NASDAQ:ALRM opened at $52.20 on Tuesday. The stock has a market capitalization of $2.53 billion, a P/E ratio of 47.63, a price-to-earnings-growth ratio of 3.97 and a beta of 1.39. The company has a 50-day moving average price of $53.24. AlarmCom has a fifty-two week low of $40.92 and a fifty-two week high of $71.50.

AlarmCom (NASDAQ:ALRM) last issued its earnings results on Thursday, May 9th. The software maker reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The business had revenue of $112.34 million for the quarter, compared to the consensus estimate of $102.35 million. AlarmCom had a net margin of 4.55% and a negative return on equity of 86.44%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. As a group, analysts predict that AlarmCom will post 1.11 earnings per share for the current year.

In other AlarmCom news, CFO Steve Valenzuela sold 1,084 shares of AlarmCom stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $71.07, for a total transaction of $77,039.88. Following the completion of the transaction, the chief financial officer now owns 41,633 shares in the company, valued at $2,958,857.31. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Trundle sold 20,000 shares of AlarmCom stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $67.63, for a total transaction of $1,352,600.00. Following the transaction, the insider now owns 242,443 shares of the company’s stock, valued at approximately $16,396,420.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,388 shares of company stock worth $1,622,184. 26.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC raised its position in AlarmCom by 125.0% during the first quarter. Signaturefd LLC now owns 450 shares of the software maker’s stock worth $29,000 after acquiring an additional 250 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in AlarmCom during the first quarter worth about $34,000. Manchester Capital Management LLC raised its position in AlarmCom by 151.3% during the first quarter. Manchester Capital Management LLC now owns 691 shares of the software maker’s stock worth $45,000 after acquiring an additional 416 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in AlarmCom during the first quarter worth about $109,000. Finally, Cim LLC acquired a new position in shares of AlarmCom in the first quarter valued at approximately $201,000. Institutional investors own 93.32% 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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