AlarmCom (NASDAQ:ALRM) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of AlarmCom (NASDAQ:ALRM) from a buy rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

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. “

Other analysts have also recently issued reports about the company. Jefferies Financial Group cut AlarmCom from a buy rating to a hold rating and cut their target price for the stock from $71.00 to $66.00 in a research note on Monday, May 13th. Raymond James set a $77.00 target price on AlarmCom and gave the stock a buy rating in a research note on Friday, May 10th. Credit Suisse Group cut their target price on AlarmCom from $70.00 to $62.00 and set an outperform rating on the stock in a research note on Friday, August 9th. ValuEngine cut AlarmCom from a buy rating to a hold rating in a research note on Friday, July 26th. Finally, BidaskClub raised AlarmCom from a sell rating to a hold rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $67.70.

Shares of NASDAQ:ALRM opened at $46.81 on Wednesday. The stock’s 50-day moving average price is $50.54 and its 200-day moving average price is $59.18. AlarmCom has a 12-month low of $40.92 and a 12-month high of $71.50. The stock has a market capitalization of $2.25 billion, a P/E ratio of 41.45, a price-to-earnings-growth ratio of 3.52 and a beta of 1.38.

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

In other AlarmCom news, CFO Steve Valenzuela sold 1,083 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $57.99, for a total value of $62,803.17. Following the completion of the sale, the chief financial officer now directly owns 41,632 shares in the company, valued at $2,414,239.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 26.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC lifted its holdings in AlarmCom by 125.0% in the first quarter. Signaturefd LLC now owns 450 shares of the software maker’s stock worth $29,000 after buying an additional 250 shares during the period. Icon Wealth Partners LLC purchased a new stake in AlarmCom in the first quarter worth about $34,000. Pearl River Capital LLC purchased a new stake in AlarmCom in the second quarter worth about $38,000. Tower Research Capital LLC TRC purchased a new stake in AlarmCom in the second quarter worth about $42,000. Finally, Manchester Capital Management LLC lifted its holdings in AlarmCom by 151.3% in the first quarter. Manchester Capital Management LLC now owns 691 shares of the software maker’s stock worth $45,000 after buying an additional 416 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

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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