Alarm.com Holdings, Inc. (ALRM) Stock Rating Lowered by BidaskClub
Alarm.com Holdings, Inc. (NASDAQ:ALRM) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.
Several other brokerages have also recently weighed in on ALRM. Imperial Capital raised their price objective on Alarm.com Holdings from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, June 15th. Roth Capital set a $40.00 price objective on Alarm.com Holdings and gave the company a “buy” rating in a research note on Saturday, March 18th. Zacks Investment Research upgraded Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Monday, March 20th. Northland Securities started coverage on Alarm.com Holdings in a research note on Friday, June 9th. They set an “outperform” rating and a $41.00 price objective on the stock. Finally, Maxim Group restated a “buy” rating and set a $42.00 price objective on shares of Alarm.com Holdings in a research note on Friday, March 31st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Alarm.com Holdings presently has an average rating of “Buy” and an average target price of $36.44.
Shares of Alarm.com Holdings (ALRM) traded down 0.30% during trading on Friday, reaching $36.96. 183,314 shares of the company were exchanged. Alarm.com Holdings has a one year low of $24.52 and a one year high of $38.53. The firm’s 50 day moving average price is $34.65 and its 200 day moving average price is $30.87. The company has a market capitalization of $1.71 billion, a PE ratio of 160.70 and a beta of 1.54.
Alarm.com Holdings (NASDAQ:ALRM) last issued its quarterly earnings data on Tuesday, May 9th. The software maker reported $0.23 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $74.20 million for the quarter, compared to analysts’ expectations of $69.70 million. During the same period last year, the business earned $0.12 EPS. The business’s revenue was up 25.8% on a year-over-year basis. Equities research analysts forecast that Alarm.com Holdings will post $0.76 earnings per share for the current fiscal year.
In other news, VP Daniel Ramos sold 40,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $32.40, for a total transaction of $1,296,000.00. Following the completion of the sale, the vice president now directly owns 162,404 shares of the company’s stock, valued at approximately $5,261,889.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David Hutz sold 3,500 shares of the firm’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $32.55, for a total value of $113,925.00. Following the sale, the insider now directly owns 138,522 shares of the company’s stock, valued at $4,508,891.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 162,277 shares of company stock valued at $5,542,909. Insiders own 78.50% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in shares of Alarm.com Holdings by 40.8% in the first quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock valued at $110,000 after buying an additional 1,039 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Alarm.com Holdings during the first quarter valued at about $178,000. American International Group Inc. raised its stake in shares of Alarm.com Holdings by 7.1% in the first quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock valued at $195,000 after buying an additional 422 shares in the last quarter. Blueport Capital L.P. acquired a new stake in shares of Alarm.com Holdings during the first quarter valued at about $221,000. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Alarm.com Holdings during the fourth quarter valued at about $225,000. 80.05% of the stock is owned by hedge funds and other institutional investors.
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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