AlarmCom (NASDAQ:ALRM) Upgraded at BidaskClub

BidaskClub upgraded shares of AlarmCom (NASDAQ:ALRM) from a sell rating to a hold rating in a research report released on Thursday, BidAskClub reports.

A number of other brokerages also recently issued reports on ALRM. Maxim Group set a $7.00 price target on Net 1 UEPS Technologies and gave the company a buy rating in a report on Friday, May 10th. Roth Capital cut their price target on AlarmCom from $73.00 to $55.00 in a report on Tuesday, July 16th. First Analysis downgraded ChannelAdvisor from a strong-buy rating to an outperform rating and set a $10.02 price target on the stock. in a report on Friday, May 10th. Bank of America reiterated a buy rating and issued a $143.00 price target on shares of Xilinx in a report on Friday, May 3rd. Finally, Northland Securities set a $50.00 price target on Polarityte and gave the company a buy rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $66.27.

ALRM opened at $52.20 on Thursday. The business’s fifty day moving average price is $53.24. The stock has a market cap of $2.52 billion, a P/E ratio of 47.45, a P/E/G ratio of 3.95 and a beta of 1.39. AlarmCom has a 52 week low of $40.92 and a 52 week high of $71.50.

AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, May 9th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. AlarmCom had a negative return on equity of 86.44% and a net margin of 4.55%. The business had revenue of $112.34 million for the quarter, compared to the consensus estimate of $102.35 million. During the same period last year, the business posted $0.34 EPS. The business’s revenue was up 21.1% compared to the same quarter last year. Research analysts expect that AlarmCom will post 1.11 EPS for the current fiscal year.

In related news, CTO Jean-Paul Martin sold 952 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $58.41, for a total transaction of $55,606.32. Following the transaction, the chief technology officer now directly owns 146,458 shares in the company, valued at approximately $8,554,611.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Steve Valenzuela sold 1,083 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $57.99, for a total value of $62,803.17. Following the transaction, the chief financial officer now owns 41,632 shares in the company, valued at $2,414,239.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,388 shares of company stock worth $1,622,184. 26.00% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in AlarmCom by 3.3% during the 1st quarter. BlackRock Inc. now owns 5,047,888 shares of the software maker’s stock worth $327,609,000 after buying an additional 161,884 shares during the last quarter. Norges Bank acquired a new stake in AlarmCom during the 4th quarter worth about $33,739,000. Dimensional Fund Advisors LP lifted its position in AlarmCom by 35.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 636,431 shares of the software maker’s stock worth $33,012,000 after acquiring an additional 165,244 shares during the period. Northern Trust Corp lifted its position in AlarmCom by 0.5% during the 4th quarter. Northern Trust Corp now owns 533,478 shares of the software maker’s stock worth $27,671,000 after acquiring an additional 2,554 shares during the period. Finally, Pictet Asset Management Ltd. acquired a new stake in AlarmCom during the 1st quarter worth about $33,878,000. Hedge funds and other institutional investors own 93.32% 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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