AlarmCom Sees Unusually Large Options Volume (NASDAQ:ALRM)
AlarmCom Hldg Inc (NASDAQ:ALRM) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 1,001 put options on the stock. This represents an increase of 1,789% compared to the typical volume of 53 put options.
ALRM stock traded down $0.17 during mid-day trading on Wednesday, hitting $46.94. 11,118 shares of the company were exchanged, compared to its average volume of 254,604. The firm has a market capitalization of $2.27 billion, a P/E ratio of 36.34, a PEG ratio of 3.02 and a beta of 1.39. The business has a fifty day simple moving average of $47.65 and a 200-day simple moving average of $54.85. AlarmCom has a 12-month low of $40.92 and a 12-month high of $71.50.
AlarmCom (NASDAQ:ALRM) last announced its earnings results on Thursday, August 8th. The software maker reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.08. The company had revenue of $121.66 million during the quarter, compared to analyst estimates of $109.45 million. AlarmCom had a net margin of 5.05% and a negative return on equity of 98.00%. AlarmCom’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. As a group, equities analysts expect that AlarmCom will post 1.11 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of ALRM. Pearl River Capital LLC purchased a new stake in shares of AlarmCom during the second quarter valued at $38,000. Tower Research Capital LLC TRC purchased a new stake in AlarmCom in the 2nd quarter worth about $42,000. Private Capital Group LLC increased its position in AlarmCom by 26.5% in the 2nd quarter. Private Capital Group LLC now owns 1,170 shares of the software maker’s stock worth $47,000 after purchasing an additional 245 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of AlarmCom during the 2nd quarter valued at about $75,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in AlarmCom in the 2nd quarter valued at approximately $150,000. 97.95% of the stock is currently owned by institutional investors and hedge funds.
ALRM has been the subject of a number of research reports. Roth Capital set a $51.00 price target on AlarmCom and gave the company a “hold” rating in a research note on Thursday, October 10th. ValuEngine downgraded shares of AlarmCom from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Maxim Group reaffirmed a “buy” rating and set a $79.00 price objective on shares of AlarmCom in a report on Friday, August 9th. BidaskClub downgraded shares of AlarmCom from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Credit Suisse Group lowered their price target on shares of AlarmCom from $70.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $67.30.
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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