Alarm.com Holdings Inc. (ALRM) Issues Quarterly Earnings Results
Alarm.com Holdings Inc. (NASDAQ:ALRM) announced its quarterly earnings data on Monday. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.08. The business earned $67.80 million during the quarter, compared to the consensus estimate of $59.73 million. Alarm.com Holdings had a net margin of 4.74% and a negative return on equity of 18.64%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. Alarm.com Holdings updated its FY16 guidance to $0.58-0.59 EPS.
Alarm.com Holdings (NASDAQ:ALRM) opened at 27.90 on Wednesday. Alarm.com Holdings has a 12-month low of $14.00 and a 12-month high of $34.43. The firm has a 50-day moving average of $29.35 and a 200 day moving average of $26.55. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 118.22 and a beta of 1.90.
In other Alarm.com Holdings news, insider David Hutz sold 3,500 shares of the business’s stock in a transaction dated Tuesday, October 18th. The shares were sold at an average price of $29.85, for a total value of $104,475.00. Following the transaction, the insider now directly owns 180,522 shares in the company, valued at approximately $5,388,581.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jean-Paul Martin sold 50,000 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $24.69, for a total transaction of $1,234,500.00. Following the completion of the transaction, the insider now owns 172,904 shares in the company, valued at $4,268,999.76. The disclosure for this sale can be found here. 78.50% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. American International Group Inc. raised its position in Alarm.com Holdings by 21.9% in the second quarter. American International Group Inc. now owns 5,938 shares of the company’s stock valued at $152,000 after buying an additional 1,067 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of Alarm.com Holdings by 82.2% in the third quarter. BlackRock Advisors LLC now owns 5,560 shares of the company’s stock valued at $160,000 after buying an additional 2,509 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Alarm.com Holdings during the second quarter valued at approximately $165,000. Nationwide Fund Advisors raised its position in shares of Alarm.com Holdings by 33.2% in the second quarter. Nationwide Fund Advisors now owns 6,701 shares of the company’s stock valued at $172,000 after buying an additional 1,671 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new position in shares of Alarm.com Holdings during the second quarter valued at approximately $201,000. Institutional investors own 61.90% of the company’s stock.
A number of equities analysts have recently commented on the stock. Imperial Capital raised their target price on shares of Alarm.com Holdings from $24.50 to $30.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 16th. Citigroup Inc. lowered shares of Alarm.com Holdings to a “market perform” rating in a research report on Tuesday, August 16th. They noted that the move was a valuation call. Goldman Sachs Group Inc. raised their target price on shares of Alarm.com Holdings from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Zacks Investment Research lowered shares of Alarm.com Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $28.00 target price on shares of Alarm.com Holdings in a research report on Monday, August 15th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $28.05.
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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