AlarmCom Hldg Inc (ALRM) Receives Consensus Rating of “Hold” from Brokerages

AlarmCom Hldg Inc (NASDAQ:ALRM) has been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $70.00.

ALRM has been the subject of a number of recent analyst reports. Northland Securities restated a “buy” rating and issued a $73.00 price objective on shares of AlarmCom in a report on Friday, May 10th. Roth Capital boosted their price objective on shares of AlarmCom from $6,673.00 and gave the stock a “buy” rating in a report on Monday, April 15th. ValuEngine upgraded shares of AlarmCom from a “buy” rating to a “strong-buy” rating in a report on Monday, February 4th. Zacks Investment Research lowered shares of AlarmCom from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Finally, Raymond James set a $77.00 target price on shares of AlarmCom and gave the company a “buy” rating in a research note on Friday, May 10th.

In other AlarmCom news, CFO Steve Valenzuela sold 1,083 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $61.00, for a total transaction of $66,063.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel Ramos sold 607 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $64.63, for a total transaction of $39,230.41. Following the sale, the vice president now owns 448,100 shares of the company’s stock, valued at $28,960,703. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,710 shares of company stock valued at $2,940,911. Company insiders own 26.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC raised its stake in AlarmCom by 125.0% during 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 last quarter. Oregon Public Employees Retirement Fund bought a new stake in shares of AlarmCom during the 4th quarter valued at $30,000. Icon Wealth Partners LLC bought a new stake in shares of AlarmCom during the 1st quarter valued at $34,000. Manchester Capital Management LLC grew its position 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 valued at $45,000 after acquiring an additional 416 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of AlarmCom during the 1st quarter valued at $109,000. Institutional investors and hedge funds own 96.49% of the company’s stock.

Shares of NASDAQ ALRM opened at $59.01 on Friday. AlarmCom has a twelve month low of $36.28 and a twelve month high of $71.50. The company has a market capitalization of $2.93 billion, a P/E ratio of 45.05, a PEG ratio of 4.59 and a beta of 1.46.

AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, February 28th. The software maker reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. AlarmCom had a net margin of 4.55% and a negative return on equity of 86.44%. The company had revenue of $111.40 million during the quarter, compared to analyst estimates of $99.63 million. As a group, analysts anticipate that AlarmCom will post 1.11 earnings per share for the current year.

About AlarmCom

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.

Further Reading: Fundamental Analysis and Individual Investors

Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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