Alarm.com Holdings Inc. (NASDAQ:ALRM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $32.00 price target on the stock. Zacks Investment Research’s price target would indicate a potential upside of 8.88% from the stock’s current price.

According to Zacks, “Alarm.com Holdings, Inc. offers interactive security solutions for home and business owners. The Company offers security systems which include image sensor, crash and smash protection, web control, mobile access and video monitoring. Alarm.com Holdings, Inc. is based in VIENNA, United States. “

Several other brokerages have also recently weighed in on ALRM. Imperial Capital raised their price objective on Alarm.com Holdings from $24.50 to $30.00 and gave the company an “in-line” rating in a report on Tuesday, August 16th. Raymond James Financial Inc. cut Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 16th. Citigroup Inc. cut Alarm.com Holdings to a “market perform” rating in a report on Tuesday, August 16th. They noted that the move was a valuation call. Goldman Sachs Group Inc. raised their price objective on Alarm.com Holdings from $24.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a $28.00 price objective on shares of Alarm.com Holdings in a report on Monday, August 15th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Alarm.com Holdings currently has an average rating of “Buy” and an average price target of $29.28.

Analyst Recommendations for Alarm.com Holdings (NASDAQ:ALRM)

Shares of Alarm.com Holdings (NASDAQ:ALRM) opened at 29.39 on Thursday. The stock has a 50 day moving average price of $29.44 and a 200 day moving average price of $26.63. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 133.59 and a beta of 1.90. Alarm.com Holdings has a 1-year low of $14.00 and a 1-year high of $34.43.

Alarm.com Holdings (NASDAQ:ALRM) last announced its quarterly earnings data on Monday, November 14th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.08. The company earned $67.80 million during the quarter, compared to analysts’ expectations of $59.73 million. Alarm.com Holdings had a negative return on equity of 20.70% and a net margin of 4.21%. Alarm.com Holdings’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. Analysts forecast that Alarm.com Holdings will post $0.59 earnings per share for the current year.

In other Alarm.com Holdings news, insider David Hutz sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $29.85, for a total transaction of $104,475.00. Following the completion of the sale, the insider now directly owns 180,522 shares in the company, valued at $5,388,581.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jean-Paul Martin sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $24.69, for a total transaction of $1,234,500.00. Following the sale, the insider now owns 172,904 shares of the company’s stock, valued at $4,268,999.76. The disclosure for this sale can be found here. Company insiders own 78.50% of the company’s stock.

A number of large investors have recently modified their holdings of ALRM. 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 valued at $51,431,000 after buying an additional 197,415 shares during the period. 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 valued at $15,863,000 after buying an additional 8,768 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in shares of Alarm.com Holdings by 2.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 513,366 shares of the company’s stock valued at $14,816,000 after buying an additional 12,650 shares during the period. 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 valued at $10,192,000 after buying an additional 46,889 shares during the period. Finally, 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 valued at $7,997,000 after buying an additional 7,668 shares during the period. Hedge funds and other institutional investors own 61.90% of the company’s stock.

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.

5 Day Chart for NASDAQ:ALRM

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