AlarmCom (NASDAQ:ALRM) had its price target lowered by equities research analysts at Imperial Capital from $58.00 to $51.00 in a report issued on Thursday, Briefing.com Automated Import reports. The firm presently has an “in-line” rating on the software maker’s stock. Imperial Capital’s target price would suggest a potential upside of 12.41% from the company’s previous close.
Several other analysts also recently issued reports on the stock. Maxim Group reaffirmed a “buy” rating and issued a $79.00 price target on shares of AlarmCom in a report on Friday, August 9th. Credit Suisse Group reduced their price target on shares of AlarmCom from $70.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Zacks Investment Research downgraded shares of AlarmCom from a “buy” rating to a “hold” rating in a report on Monday, October 28th. First Analysis raised shares of AlarmCom from an “outperform” rating to a “strong-buy” rating and set a $75.00 price target on the stock in a report on Monday, October 21st. Finally, BidaskClub raised shares of AlarmCom from a “sell” rating to a “hold” rating in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $65.70.
NASDAQ ALRM traded down $2.01 during trading on Thursday, reaching $45.37. The company’s stock had a trading volume of 419,900 shares, compared to its average volume of 432,374. The business’s fifty day moving average price is $47.78 and its 200-day moving average price is $52.73. AlarmCom has a twelve month low of $43.52 and a twelve month high of $71.50. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 34.63, a P/E/G ratio of 3.31 and a beta of 1.39.
AlarmCom (NASDAQ:ALRM) last issued its earnings results on Tuesday, November 5th. The software maker reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.12. AlarmCom had a net margin of 10.23% and a negative return on equity of 105.06%. The company had revenue of $127.90 million for the quarter, compared to analyst estimates of $114.62 million. During the same period in the prior year, the business posted $0.36 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities analysts predict that AlarmCom will post 1.11 earnings per share for the current fiscal year.
In other AlarmCom news, insider Stephen Trundle sold 20,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $47.18, for a total transaction of $943,600.00. Following the transaction, the insider now owns 242,443 shares of the company’s stock, valued at $11,438,460.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 26.00% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Private Capital Group LLC raised its stake in AlarmCom by 26.5% during the second quarter. Private Capital Group LLC now owns 1,170 shares of the software maker’s stock worth $47,000 after purchasing an additional 245 shares during the period. We Are One Seven LLC raised its stake in AlarmCom by 4.3% during the second quarter. We Are One Seven LLC now owns 6,444 shares of the software maker’s stock worth $344,000 after purchasing an additional 264 shares during the period. United Services Automobile Association raised its stake in AlarmCom by 3.8% during the second quarter. United Services Automobile Association now owns 7,700 shares of the software maker’s stock worth $412,000 after purchasing an additional 285 shares during the period. Oppenheimer Asset Management Inc. raised its stake in AlarmCom by 0.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 35,291 shares of the software maker’s stock worth $1,888,000 after purchasing an additional 330 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in AlarmCom by 20.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,221 shares of the software maker’s stock worth $104,000 after purchasing an additional 373 shares during the period. 98.88% of the stock is currently owned by institutional investors.
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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