Investment Analysts’ Weekly Ratings Updates for AlarmCom (ALRM)

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A number of firms have modified their ratings and price targets on shares of AlarmCom (NASDAQ: ALRM) recently:

  • 8/14/2019 – AlarmCom was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Alarm.com Holdings, Inc. offers interactive security solutions for home and business owners. The Company offers security systems which include image sensor, crash and smash protection, web control, mobile access and video monitoring. Alarm.com Holdings, Inc. is based in VIENNA, United States. “
  • 8/14/2019 – AlarmCom was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/13/2019 – AlarmCom had its “in-line” rating reaffirmed by analysts at Imperial Capital. They now have a $58.00 price target on the stock, down previously from $64.00.
  • 8/13/2019 – AlarmCom was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “Alarm.com Holdings, Inc. offers interactive security solutions for home and business owners. The Company offers security systems which include image sensor, crash and smash protection, web control, mobile access and video monitoring. Alarm.com Holdings, Inc. is based in VIENNA, United States. “
  • 8/9/2019 – AlarmCom had its price target lowered by analysts at Credit Suisse Group AG from $70.00 to $62.00. They now have an “outperform” rating on the stock.
  • 8/9/2019 – AlarmCom had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $79.00 price target on the stock. They wrote, “Momentum from core ALRM subscriber adds and ongoing video adoption drives core SaaS growth of 17% y/y. Management raises FY19 guidance consistent with the 2Q19 beat, which we view as conservative given a number of upside catalysts. Reiterating Buy rating and 12-month price target of $79.””
  • 8/7/2019 – AlarmCom was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/26/2019 – AlarmCom was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/18/2019 – AlarmCom was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/16/2019 – AlarmCom had its price target lowered by analysts at Roth Capital from $73.00 to $55.00.

Shares of NASDAQ:ALRM traded down $0.53 during trading on Tuesday, reaching $46.77. 275,356 shares of the company’s stock traded hands, compared to its average volume of 469,724. AlarmCom Hldg Inc has a 12 month low of $40.92 and a 12 month high of $71.50. The stock has a market capitalization of $2.27 billion, a P/E ratio of 35.70, a price-to-earnings-growth ratio of 3.47 and a beta of 1.38. The company has a 50 day moving average of $49.34 and a 200-day moving average of $58.43.

AlarmCom (NASDAQ:ALRM) last posted its earnings results on Thursday, August 8th. The software maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.32 by $0.08. The firm had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $109.45 million. AlarmCom had a net margin of 5.05% and a negative return on equity of 98.00%. AlarmCom’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, research analysts anticipate that AlarmCom Hldg Inc will post 1.11 EPS for the current year.

In related news, CFO Steve Valenzuela sold 1,083 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $57.99, for a total transaction of $62,803.17. Following the completion of the sale, the chief financial officer now directly owns 41,632 shares of the company’s stock, valued at $2,414,239.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stephen Trundle sold 20,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $47.18, for a total transaction of $943,600.00. Following the sale, the insider now directly owns 242,443 shares of the company’s stock, valued at $11,438,460.74. The disclosure for this sale can be found here. 26.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in ALRM. Signaturefd LLC increased its stake in AlarmCom by 125.0% in the 1st quarter. Signaturefd LLC now owns 450 shares of the software maker’s stock valued at $29,000 after buying an additional 250 shares during the period. Icon Wealth Partners LLC acquired a new position in AlarmCom in the 1st quarter valued at approximately $34,000. Pearl River Capital LLC acquired a new position in AlarmCom in the 2nd quarter valued at approximately $38,000. Tower Research Capital LLC TRC acquired a new position in AlarmCom in the 2nd quarter valued at approximately $42,000. Finally, Manchester Capital Management LLC increased its stake in shares of AlarmCom by 151.3% during the 1st quarter. Manchester Capital Management LLC now owns 691 shares of the software maker’s stock worth $45,000 after purchasing an additional 416 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

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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