AlarmCom (NASDAQ:ALRM) had its price objective boosted by Raymond James from $55.00 to $58.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the software maker’s stock. Raymond James’ price objective would indicate a potential upside of 22.70% from the company’s current price.

Other analysts have also recently issued reports about the stock. Imperial Capital reaffirmed an “in-line” rating and issued a $60.00 price target (up from $45.00) on shares of AlarmCom in a report on Thursday, August 23rd. Credit Suisse Group upped their price target on shares of AlarmCom from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Wednesday, August 8th. Stifel Nicolaus upped their price target on shares of AlarmCom from $38.00 to $45.00 and gave the company a “hold” rating in a report on Wednesday, August 8th. ValuEngine cut shares of AlarmCom from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Roth Capital upped their price target on shares of AlarmCom from $51.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $55.00.

Shares of ALRM stock opened at $47.27 on Thursday. The firm has a market capitalization of $2.25 billion, a PE ratio of 62.20, a PEG ratio of 2.76 and a beta of 1.67. AlarmCom has a twelve month low of $33.39 and a twelve month high of $60.20.

AlarmCom (NASDAQ:ALRM) last announced its earnings results on Wednesday, November 7th. The software maker reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.11. The business had revenue of $111.85 million during the quarter, compared to the consensus estimate of $96.76 million. AlarmCom had a net margin of 3.50% and a negative return on equity of 72.40%. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. As a group, analysts anticipate that AlarmCom will post 1.01 EPS for the current fiscal year.

In other AlarmCom news, insider Crossover Managemen Technology sold 172,032 shares of the stock in a transaction on Friday, September 7th. The shares were sold at an average price of $55.23, for a total transaction of $9,501,327.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel Kerzner sold 10,000 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $54.01, for a total transaction of $540,100.00. Following the sale, the insider now directly owns 33,969 shares in the company, valued at $1,834,665.69. The disclosure for this sale can be found here. Insiders have sold 334,245 shares of company stock worth $18,458,406 over the last three months. 37.10% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of ALRM. BlackRock Inc. raised its holdings in shares of AlarmCom by 27.7% during the third quarter. BlackRock Inc. now owns 4,773,882 shares of the software maker’s stock worth $274,020,000 after purchasing an additional 1,035,961 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of AlarmCom in the 2nd quarter worth about $29,999,000. Carillon Tower Advisers Inc. acquired a new stake in shares of AlarmCom in the 2nd quarter worth about $26,184,000. Penserra Capital Management LLC acquired a new stake in shares of AlarmCom in the 3rd quarter worth about $19,572,000. Finally, Riverbridge Partners LLC increased its holdings in shares of AlarmCom by 26.3% in the 3rd quarter. Riverbridge Partners LLC now owns 1,517,237 shares of the software maker’s stock worth $87,089,000 after acquiring an additional 315,895 shares during the period. 96.99% of the stock is currently owned by institutional investors.

About AlarmCom

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.

Featured Story: How to calculate compound interest

Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

Receive News & Ratings for AlarmCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AlarmCom and related companies with MarketBeat.com's FREE daily email newsletter.