AlarmCom Hldg Inc (NASDAQ:ALRM) Receives $67.10 Consensus Target Price from Analysts

AlarmCom Hldg Inc (NASDAQ:ALRM) has been given a consensus rating of “Buy” by the twelve analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $67.10.

Several research firms recently commented on ALRM. Imperial Capital upgraded AlarmCom from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $51.00 to $57.00 in a research report on Monday, January 27th. ValuEngine upgraded AlarmCom from a “hold” rating to a “buy” rating in a research report on Tuesday, January 28th. Zacks Investment Research upgraded AlarmCom from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research report on Wednesday, January 29th. Finally, BidaskClub upgraded AlarmCom from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th.

In related news, CEO Stephen Trundle sold 20,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $42.31, for a total transaction of $846,200.00. Following the completion of the sale, the chief executive officer now directly owns 267,493 shares of the company’s stock, valued at approximately $11,317,628.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steve Valenzuela sold 969 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $44.00, for a total value of $42,636.00. Following the sale, the chief financial officer now directly owns 39,580 shares of the company’s stock, valued at $1,741,520. The disclosure for this sale can be found here. 26.00% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its holdings in AlarmCom by 0.4% during the 4th quarter. Alliancebernstein L.P. now owns 58,890 shares of the software maker’s stock valued at $2,531,000 after purchasing an additional 250 shares in the last quarter. Amalgamated Bank increased its holdings in AlarmCom by 4.6% during the 4th quarter. Amalgamated Bank now owns 7,110 shares of the software maker’s stock valued at $306,000 after purchasing an additional 313 shares in the last quarter. Mason Street Advisors LLC increased its holdings in AlarmCom by 2.8% during the 4th quarter. Mason Street Advisors LLC now owns 12,688 shares of the software maker’s stock valued at $545,000 after purchasing an additional 340 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AlarmCom by 20.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,221 shares of the software maker’s stock valued at $104,000 after purchasing an additional 373 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in AlarmCom by 3.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,910 shares of the software maker’s stock valued at $509,000 after purchasing an additional 390 shares in the last quarter. 96.45% of the stock is owned by hedge funds and other institutional investors.

Shares of ALRM stock traded up $3.27 during mid-day trading on Friday, reaching $48.03. The stock had a trading volume of 1,486,278 shares, compared to its average volume of 378,753. The firm’s 50 day simple moving average is $45.45 and its 200 day simple moving average is $45.83. AlarmCom has a one year low of $41.06 and a one year high of $71.50. The firm has a market cap of $2.33 billion, a PE ratio of 50.03, a P/E/G ratio of 2.93 and a beta of 1.29.

AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.10. The company had revenue of $140.49 million during the quarter, compared to the consensus estimate of $113.63 million. AlarmCom had a negative return on equity of 122.34% and a net margin of 10.23%. The company’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the company earned $0.29 EPS. As a group, sell-side analysts expect that AlarmCom will post 1.12 earnings per share for the current year.

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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Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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