AlarmCom (NASDAQ:ALRM) had its price objective lifted by equities research analysts at Credit Suisse Group from $52.00 to $57.00 in a research note issued on Wednesday. The firm currently has an “outperform” rating on the software maker’s stock. Credit Suisse Group’s price target would indicate a potential upside of 13.41% from the stock’s current price.

ALRM has been the topic of a number of other reports. Maxim Group reaffirmed a “buy” rating and set a $59.00 price target on shares of AlarmCom in a research note on Friday, May 4th. ValuEngine raised AlarmCom from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. BidaskClub raised AlarmCom from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 30th. Raymond James raised AlarmCom from an “outperform” rating to a “strong-buy” rating and set a $48.00 price objective for the company in a research note on Monday, June 25th. Finally, Stifel Nicolaus increased their price objective on AlarmCom from $38.00 to $45.00 and gave the stock a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $49.00.

AlarmCom traded up $5.32, reaching $50.26, during trading on Wednesday, Marketbeat reports. 44,544 shares of the stock were exchanged, compared to its average volume of 250,371. AlarmCom has a twelve month low of $33.39 and a twelve month high of $49.49. The company has a debt-to-equity ratio of -0.94, a quick ratio of 4.32 and a current ratio of 4.66. The company has a market cap of $2.08 billion, a P/E ratio of 65.80, a price-to-earnings-growth ratio of 2.70 and a beta of 1.16.

AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings results on Tuesday, August 7th. The software maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. AlarmCom had a negative return on equity of 57.77% and a net margin of 10.01%. The business had revenue of $104.49 million for the quarter, compared to the consensus estimate of $94.72 million. equities analysts predict that AlarmCom will post 0.96 earnings per share for the current year.

In other news, VP Daniel Ramos sold 59,669 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $40.10, for a total value of $2,392,726.90. Following the completion of the transaction, the vice president now directly owns 82,683 shares of the company’s stock, valued at $3,315,588.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen Trundle sold 22,193 shares of the company’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $45.52, for a total value of $1,010,225.36. Following the completion of the transaction, the insider now directly owns 204,691 shares of the company’s stock, valued at $9,317,534.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 489,449 shares of company stock valued at $21,024,690. 37.10% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Bares Capital Management Inc. grew its holdings in AlarmCom by 28.0% during the first quarter. Bares Capital Management Inc. now owns 3,416,891 shares of the software maker’s stock valued at $128,953,000 after purchasing an additional 747,152 shares during the period. BlackRock Inc. grew its holdings in AlarmCom by 3.2% during the first quarter. BlackRock Inc. now owns 2,979,408 shares of the software maker’s stock valued at $112,443,000 after purchasing an additional 93,609 shares during the period. Brown Advisory Inc. grew its holdings in AlarmCom by 6.9% during the first quarter. Brown Advisory Inc. now owns 877,109 shares of the software maker’s stock valued at $33,102,000 after purchasing an additional 56,942 shares during the period. Eagle Asset Management Inc. bought a new position in AlarmCom during the second quarter valued at $29,999,000. Finally, Emerald Advisers Inc. PA grew its holdings in AlarmCom by 9.2% during the second quarter. Emerald Advisers Inc. PA now owns 455,607 shares of the software maker’s stock valued at $18,397,000 after purchasing an additional 38,237 shares during the period. 92.44% of the stock is owned by institutional investors.

AlarmCom Company Profile

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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