Roth Capital Initiates Coverage on Alarm.com Holdings Inc. (ALRM)
Analysts at Roth Capital initiated coverage on shares of Alarm.com Holdings Inc. (NASDAQ:ALRM) in a report released on Monday. The firm set a “buy” rating and a $33.50 price target on the stock. Roth Capital’s price target indicates a potential upside of 16.08% from the company’s previous close.
Several other research firms have also weighed in on ALRM. BB&T Corp. initiated coverage on Alarm.com Holdings in a research report on Wednesday, June 15th. They set a “buy” rating and a $27.00 price target on the stock. William Blair reissued an “outperform” rating on shares of Alarm.com Holdings in a report on Saturday, June 25th. Zacks Investment Research lowered Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. Citigroup Inc. lowered Alarm.com Holdings to a “market perform” rating in a report on Tuesday, August 16th. They noted that the move was a valuation call. Finally, Goldman Sachs Group Inc. boosted their target price on Alarm.com Holdings from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $28.05.
Shares of Alarm.com Holdings (NASDAQ:ALRM) traded down 0.03% on Monday, hitting $28.85. The company’s stock had a trading volume of 44,843 shares. Alarm.com Holdings has a 52 week low of $11.86 and a 52 week high of $33.13. The stock’s 50-day moving average price is $27.56 and its 200-day moving average price is $24.93. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 122.25 and a beta of 1.90.
Alarm.com Holdings (NASDAQ:ALRM) last posted its quarterly earnings results on Monday, August 15th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The firm had revenue of $64.42 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.05 EPS. Equities analysts expect that Alarm.com Holdings will post $0.50 earnings per share for the current fiscal year.
In other Alarm.com Holdings news, insider Jean-Paul Martin sold 50,000 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 172,904 shares of the company’s stock, valued at approximately $4,268,999.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 78.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bares Capital Management Inc. increased its stake in 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 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 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 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 bought a new stake in Alarm.com Holdings during the second quarter worth $7,474,000. 61.49% of the stock is currently owned by hedge funds and other institutional investors.
Alarm.com Holdings Company Profile
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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