AlarmCom (ALRM) Shares Down 1.5%

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AlarmCom Hldg Inc (NASDAQ:ALRM)’s share price traded down 1.5% on Thursday . The company traded as low as $45.21 and last traded at $44.62. 9,192 shares traded hands during trading, a decline of 98% from the average session volume of 495,585 shares. The stock had previously closed at $45.28.

A number of equities analysts recently weighed in on the company. Bank of America raised AlarmCom to a “buy” rating and raised their price objective for the company from $55.00 to $65.00 in a report on Friday, September 14th. Imperial Capital reissued an “in-line” rating and set a $60.00 price objective (up from $45.00) on shares of AlarmCom in a report on Thursday, August 23rd. Credit Suisse Group reissued an “outperform” rating on shares of AlarmCom in a report on Friday, August 17th. Maxim Group raised their price objective on AlarmCom from $59.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, September 18th. Finally, Zacks Investment Research raised AlarmCom from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $53.75.

The company has a quick ratio of 3.93, a current ratio of 4.25 and a debt-to-equity ratio of -1.08. The stock has a market capitalization of $2.74 billion, a PE ratio of 58.57, a P/E/G ratio of 3.35 and a beta of 1.33.

AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings results on Tuesday, August 7th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.12. AlarmCom had a negative return on equity of 64.90% and a net margin of 9.75%. The business had revenue of $104.49 million for the quarter, compared to analyst estimates of $94.72 million. Equities analysts forecast that AlarmCom Hldg Inc will post 1.01 EPS for the current year.

In other news, insider Daniel Kerzner sold 10,000 shares of AlarmCom stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $49.66, for a total value of $496,600.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Hugh Panero sold 1,115 shares of AlarmCom stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $56.75, for a total value of $63,276.25. Following the completion of the sale, the director now owns 4,835 shares in the company, valued at $274,386.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 324,245 shares of company stock worth $17,998,456. 37.10% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Shaker Investments LLC OH bought a new stake in shares of AlarmCom in the 2nd quarter worth approximately $971,000. Teacher Retirement System of Texas bought a new stake in shares of AlarmCom in the 2nd quarter worth approximately $251,000. Sei Investments Co. grew its position in shares of AlarmCom by 28.9% in the 2nd quarter. Sei Investments Co. now owns 8,517 shares of the software maker’s stock worth $344,000 after buying an additional 1,909 shares during the last quarter. Legal & General Group Plc grew its position in shares of AlarmCom by 4.6% in the 1st quarter. Legal & General Group Plc now owns 50,964 shares of the software maker’s stock worth $1,906,000 after buying an additional 2,242 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of AlarmCom in the 2nd quarter worth approximately $308,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

AlarmCom Company Profile (NASDAQ:ALRM)

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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