AlarmCom (ALRM) Price Target Increased to $0.00 by Analysts at Roth Capital

AlarmCom (NASDAQ:ALRM) had its target price increased by Roth Capital from $6,673.00 in a report issued on Monday, April 15th, The Fly reports. They currently have a buy rating on the software maker’s stock.

A number of other equities analysts have also weighed in on ALRM. BidaskClub lowered AlarmCom from a buy rating to a hold rating in a research note on Thursday, December 20th. Zacks Investment Research upgraded AlarmCom from a hold rating to a buy rating and set a $58.00 price objective on the stock in a report on Tuesday, January 1st. ValuEngine upgraded AlarmCom from a buy rating to a strong-buy rating in a report on Monday, February 4th. Maxim Group reissued a buy rating and issued a $74.00 target price (up from $69.00) on shares of AlarmCom in a research note on Friday, March 1st. Finally, Raymond James raised their target price on shares of AlarmCom from $58.00 to $70.00 and gave the stock a strong-buy rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $61.64.

Shares of ALRM stock opened at $69.79 on Monday. AlarmCom has a fifty-two week low of $36.28 and a fifty-two week high of $71.50. The company has a market capitalization of $3.43 billion, a PE ratio of 53.27, a price-to-earnings-growth ratio of 3.70 and a beta of 1.46.

AlarmCom (NASDAQ:ALRM) last issued its earnings results on Thursday, February 28th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The company had revenue of $111.40 million during the quarter, compared to analyst estimates of $99.63 million. AlarmCom had a negative return on equity of 81.18% and a net margin of 5.12%. On average, equities research analysts anticipate that AlarmCom will post 1.13 earnings per share for the current year.

In other AlarmCom news, insider Stephen Trundle sold 20,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $67.63, for a total value of $1,352,600.00. Following the completion of the transaction, the insider now owns 242,443 shares in the company, valued at $16,396,420.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 1,083 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $61.00, for a total transaction of $66,063.00. The disclosure for this sale can be found here. In the last three months, insiders sold 42,489 shares of company stock worth $2,811,169. 37.10% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of ALRM. Oregon Public Employees Retirement Fund acquired a new position in shares of AlarmCom during the fourth quarter worth $30,000. Winslow Evans & Crocker Inc. acquired a new position in AlarmCom in the fourth quarter valued at $130,000. We Are One Seven LLC acquired a new position in AlarmCom in the fourth quarter valued at $167,000. Cim LLC acquired a new position in AlarmCom in the first quarter valued at $201,000. Finally, Cetera Investment Advisers acquired a new position in AlarmCom in the first quarter valued at $214,000. Hedge funds and other institutional investors own 97.16% 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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Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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