Alarm.com Holdings Inc. (NASDAQ:ALRM) Receives $28.00 Average Target Price from Brokerages
Alarm.com Holdings Inc. (NASDAQ:ALRM) has received an average recommendation of “Buy” from the twelve brokerages that are covering the stock. Four investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $28.00.
ALRM has been the subject of several research reports. Zacks Investment Research upgraded Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Thursday, August 18th. BB&T Corp. began coverage on Alarm.com Holdings in a research report on Wednesday, June 15th. They issued a “buy” rating and a $27.00 target price for the company. Bank of America Corp. restated a “buy” rating and set a $28.00 price objective (up from $25.00) on shares of Alarm.com Holdings in a research report on Friday, June 24th. Goldman Sachs Group Inc. raised their price objective on Alarm.com Holdings from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Finally, Imperial Capital downgraded Alarm.com Holdings from an “outperform” rating to an “in-line” rating and set a $24.50 price objective for the company. in a research report on Tuesday, June 21st.
Alarm.com Holdings (NASDAQ:ALRM) opened at 28.01 on Friday. Alarm.com Holdings has a 52-week low of $11.42 and a 52-week high of $33.13. The firm’s 50-day moving average price is $27.71 and its 200-day moving average price is $24.83. The firm has a market cap of $1.28 billion, a P/E ratio of 118.69 and a beta of 1.91.
Alarm.com Holdings (NASDAQ:ALRM) last posted its earnings results on Monday, August 15th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The firm earned $64.42 million during the quarter, compared to the consensus estimate of $58.61 million. Alarm.com Holdings had a negative return on equity of 18.64% and a net margin of 4.74%. The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share. Equities research analysts expect that Alarm.com Holdings will post $0.50 EPS for the current year.
In other Alarm.com Holdings news, insider Jean-Paul Martin sold 30,000 shares of Alarm.com Holdings stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $28.32, for a total value of $849,600.00. Following the completion of the sale, the insider now directly owns 152,904 shares in the company, valued at $4,330,241.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 78.50% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Bares Capital Management Inc. increased its stake in shares of Alarm.com Holdings by 10.9% in the second quarter. Bares Capital Management Inc. now owns 2,006,661 shares of the company’s stock worth $51,431,000 after buying an additional 197,415 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Alarm.com Holdings by 1.4% in the second quarter. Janus Capital Management LLC now owns 618,919 shares of the company’s stock worth $15,863,000 after buying an additional 8,768 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Alarm.com Holdings by 13.4% in the second quarter. Vanguard Group Inc. now owns 397,674 shares of the company’s stock worth $10,192,000 after buying an additional 46,889 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Alarm.com Holdings by 2.5% in the second quarter. Lord Abbett & CO. LLC now owns 312,013 shares of the company’s stock worth $7,997,000 after buying an additional 7,668 shares during the last quarter. Finally, Evanson Asset Management LLC acquired a new stake in shares of Alarm.com Holdings during the second quarter worth $7,474,000. Institutional investors and hedge funds own 61.49% 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.
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