Alarm.com Holdings (ALRM) Earning Somewhat Positive Press Coverage, Report Shows
Media headlines about Alarm.com Holdings (NASDAQ:ALRM) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alarm.com Holdings earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- The Latest: No alarms, warnings during deadly Honolulu fire (whio.com)
- Insider Trading at Alarm.com Holdings Inc.? (hoyentv.com)
- Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock Closed Much Higher Than Its 50 Day Average (highlightpress.com)
- Brokerages Expect Alarm.com Holdings, Inc. (ALRM) Will Announce Quarterly Sales of $81.31 Million (americanbankingnews.com)
- Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock Traded 8.3% Above Its 50 Day Moving Average (highlightpress.com)
ALRM has been the topic of a number of research reports. Imperial Capital restated an “outperform” rating and issued a $36.00 price objective (up from $35.00) on shares of Alarm.com Holdings in a report on Thursday, May 11th. Zacks Investment Research downgraded Alarm.com Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Maxim Group restated a “buy” rating and issued a $42.00 price objective on shares of Alarm.com Holdings in a report on Friday, March 31st. Northland Securities began coverage on Alarm.com Holdings in a report on Friday, June 9th. They issued an “outperform” rating and a $41.00 price objective on the stock. Finally, BidaskClub lowered Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $36.44.
Alarm.com Holdings (ALRM) traded down 0.30% during midday trading on Friday, hitting $36.96. The stock had a trading volume of 183,314 shares. Alarm.com Holdings has a 12-month low of $24.52 and a 12-month high of $38.53. The company’s 50-day moving average price is $34.65 and its 200 day moving average price is $30.87. The stock has a market cap of $1.71 billion, a P/E ratio of 160.70 and a beta of 1.54.
Alarm.com Holdings (NASDAQ:ALRM) last announced its quarterly earnings results on Tuesday, May 9th. The software maker reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Alarm.com Holdings had a negative return on equity of 27.71% and a net margin of 4.12%. The company had revenue of $74.20 million during the quarter, compared to analysts’ expectations of $69.70 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts predict that Alarm.com Holdings will post $0.76 earnings per share for the current fiscal year.
In other news, insider David Hutz sold 3,500 shares of Alarm.com Holdings stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $37.02, for a total value of $129,570.00. Following the transaction, the insider now directly owns 131,022 shares in the company, valued at $4,850,434.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel Ramos sold 40,000 shares of Alarm.com Holdings stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $32.40, for a total value of $1,296,000.00. Following the completion of the transaction, the vice president now owns 162,404 shares in the company, valued at $5,261,889.60. The disclosure for this sale can be found here. Insiders sold 162,277 shares of company stock worth $5,542,909 over the last quarter. 78.50% of the stock is currently owned by corporate insiders.
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Alarm.com Holdings Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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