Research Analysts Set Expectations for Alarm.com Holdings Inc.’s FY2016 Earnings (ALRM)
Alarm.com Holdings Inc. (NASDAQ:ALRM) – Equities research analysts at Roth Capital upped their FY2016 earnings per share estimates for Alarm.com Holdings in a research report issued to clients and investors on Tuesday. Roth Capital analyst D. Aftahi now expects that the brokerage will post earnings of $0.53 per share for the year, up from their prior estimate of $0.46. Roth Capital currently has a “Buy” rating and a $33.50 price target on the stock.
Alarm.com Holdings (NASDAQ:ALRM) last issued its earnings results on Monday, November 14th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.08. Alarm.com Holdings had a net margin of 4.21% and a negative return on equity of 20.70%. The company had revenue of $67.80 million for the quarter, compared to the consensus estimate of $59.73 million. During the same quarter in the previous year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year.
A number of other equities research analysts have also recently weighed in on the company. Raymond James Financial Inc. cut Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 16th. Credit Suisse Group AG restated an “outperform” rating and issued a $28.00 price target on shares of Alarm.com Holdings in a research note on Monday, August 15th. Zacks Investment Research upgraded Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Thursday, August 18th. Citigroup Inc. cut Alarm.com Holdings to a “market perform” rating in a research note on Tuesday, August 16th. They noted that the move was a valuation call. Finally, Goldman Sachs Group Inc. increased their price target on Alarm.com Holdings from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.28.
Shares of Alarm.com Holdings (NASDAQ:ALRM) opened at 29.39 on Friday. The stock has a 50 day moving average of $29.44 and a 200 day moving average of $26.63. The firm has a market cap of $1.34 billion, a P/E ratio of 124.53 and a beta of 1.90. Alarm.com Holdings has a 52 week low of $14.00 and a 52 week high of $34.43.
Several hedge funds and other institutional investors have recently modified their holdings of ALRM. Evanson Asset Management LLC bought a new position in shares of Alarm.com Holdings during the second quarter worth approximately $7,474,000. Price T Rowe Associates Inc. MD bought a new position in shares of Alarm.com Holdings during the third quarter worth approximately $6,782,000. Bares Capital Management Inc. boosted its position 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. Bank of Montreal Can bought a new position in shares of Alarm.com Holdings during the second quarter worth approximately $2,648,000. Finally, EAM Investors LLC boosted its position in shares of Alarm.com Holdings by 195.8% in the second quarter. EAM Investors LLC now owns 147,052 shares of the company’s stock worth $3,769,000 after buying an additional 97,342 shares during the last quarter. Institutional investors own 61.90% of the company’s stock.
In related news, insider Jean-Paul Martin sold 50,000 shares of the firm’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 owns 172,904 shares in the company, valued at $4,268,999.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Hutz sold 3,500 shares of the firm’s stock in a transaction on Tuesday, October 18th. The stock was sold at an average price of $29.85, for a total value of $104,475.00. Following the completion of the transaction, the insider now owns 180,522 shares in the company, valued at approximately $5,388,581.70. The disclosure for this sale can be found here. 78.50% of the stock is owned by corporate insiders.
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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