Shares of AlarmCom Hldg Inc (NASDAQ:ALRM) have been given an average rating of “Buy” by the fifteen ratings firms that are currently covering the stock, Marketbeat reports. One research 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. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $57.44.

Several research firms have commented on ALRM. Bank of America upgraded shares of AlarmCom to a “buy” rating and boosted their price target for the stock from $55.00 to $65.00 in a research note on Friday, September 14th. Imperial Capital restated an “in-line” rating and issued a $60.00 price target (up previously from $45.00) on shares of AlarmCom in a research note on Thursday, August 23rd. Credit Suisse Group restated an “outperform” rating on shares of AlarmCom in a research note on Friday, August 17th. Maxim Group boosted their price target on shares of AlarmCom from $59.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, September 18th. Finally, Zacks Investment Research upgraded shares of AlarmCom from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Monday, August 13th.

In related news, Director Hugh Panero sold 1,115 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $56.75, for a total transaction of $63,276.25. Following the completion of the transaction, the director now owns 4,835 shares in the company, valued at $274,386.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the transaction, the chief financial officer now owns 42,774 shares of the company’s stock, valued at approximately $1,924,830. The disclosure for this sale can be found here. In the last quarter, insiders have sold 334,245 shares of company stock valued at $18,458,406. Insiders own 37.10% of the company’s stock.

Several hedge funds have recently modified their holdings of ALRM. Stifel Financial Corp acquired a new position in shares of AlarmCom during the first quarter worth $354,000. Commonwealth Equity Services LLC purchased a new stake in AlarmCom in the first quarter valued at $206,000. Legal & General Group Plc lifted its position in AlarmCom by 4.6% in the first quarter. Legal & General Group Plc now owns 50,964 shares of the software maker’s stock valued at $1,906,000 after acquiring an additional 2,242 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in AlarmCom in the first quarter valued at $236,000. Finally, Principal Financial Group Inc. lifted its position in AlarmCom by 3.3% in the first quarter. Principal Financial Group Inc. now owns 225,484 shares of the software maker’s stock valued at $8,510,000 after acquiring an additional 7,128 shares during the last quarter. Hedge funds and other institutional investors own 96.99% of the company’s stock.

Shares of NASDAQ:ALRM traded down $2.38 during trading on Monday, hitting $47.27. The company’s stock had a trading volume of 923,842 shares, compared to its average volume of 477,835. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 62.20, a price-to-earnings-growth ratio of 2.76 and a beta of 1.67. AlarmCom has a fifty-two week low of $33.39 and a fifty-two week high of $60.20.

AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings results on Wednesday, November 7th. The software maker reported $0.36 EPS for the quarter, topping the Thomson Reuters’ 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 company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. As a group, research analysts expect that AlarmCom will post 1.01 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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