Imperial Capital upgraded shares of AlarmCom Hldg Inc (NASDAQ:ALRM) from an in-line rating to an outperform rating in a research report sent to investors on Friday morning. The brokerage currently has $35.00 price target on the stock, up from their prior price target of $30.00.
Several other equities analysts also recently commented on ALRM. Zacks Investment Research raised shares of AlarmCom Hldg from a hold rating to a buy rating and set a $32.00 target price on the stock in a research report on Thursday, November 17th. Maxim Group started coverage on shares of AlarmCom Hldg in a research report on Thursday, December 1st. They set a buy rating and a $37.00 target price on the stock. Goldman Sachs Group Inc started coverage on shares of AlarmCom Hldg in a research report on Tuesday, January 31st. They set a neutral rating and a $31.00 target price on the stock. Roth Capital set a $39.00 target price on shares of AlarmCom Hldg and gave the stock a buy rating in a research report on Saturday, March 11th. Finally, Stifel Nicolaus reissued a hold rating and set a $29.00 target price (up from $27.00) on shares of AlarmCom Hldg in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. AlarmCom Hldg presently has an average rating of Buy and an average target price of $33.80.
AlarmCom Hldg (NASDAQ:ALRM) traded up 5.03% during trading on Friday, hitting $32.78. The stock had a trading volume of 300,089 shares. The stock has a 50-day moving average price of $28.97 and a 200-day moving average price of $28.51. AlarmCom Hldg has a 52 week low of $19.91 and a 52 week high of $34.43. The company has a market cap of $1.51 billion, a PE ratio of 149.00 and a beta of 1.64.
AlarmCom Hldg (NASDAQ:ALRM) last posted its earnings results on Wednesday, March 15th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.06. The firm had revenue of $69.79 million for the quarter, compared to the consensus estimate of $63.95 million. AlarmCom Hldg had a net margin of 4.21% and a negative return on equity of 20.70%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. Equities analysts predict that AlarmCom Hldg will post $0.74 EPS for the current year.
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In other news, insider Daniel Kerzner sold 36,000 shares of the firm’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $27.54, for a total value of $991,440.00. Following the sale, the insider now directly owns 37,341 shares of the company’s stock, valued at $1,028,371.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Hutz sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $27.36, for a total value of $95,760.00. Following the completion of the sale, the insider now directly owns 163,022 shares in the company, valued at $4,460,281.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,998 shares of company stock worth $4,430,550. 78.50% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. ABS Capital Partners V Trust bought a new stake in AlarmCom Hldg during the fourth quarter valued at $259,867,000. Franklin Resources Inc. boosted its stake in AlarmCom Hldg by 40.9% in the fourth quarter. Franklin Resources Inc. now owns 2,450,302 shares of the company’s stock valued at $68,192,000 after buying an additional 711,303 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in AlarmCom Hldg by 2.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 513,366 shares of the company’s stock valued at $14,816,000 after buying an additional 12,650 shares during the last quarter. Renaissance Technologies LLC boosted its stake in AlarmCom Hldg by 73.4% in the fourth quarter. Renaissance Technologies LLC now owns 293,800 shares of the company’s stock valued at $8,176,000 after buying an additional 124,400 shares during the last quarter. Finally, State Street Corp boosted its stake in AlarmCom Hldg by 3.5% in the fourth quarter. State Street Corp now owns 164,475 shares of the company’s stock valued at $4,574,000 after buying an additional 5,597 shares during the last quarter. Institutional investors and hedge funds own 63.00% of the company’s stock.
About AlarmCom Hldg
Alarm.com Holdings, Inc is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Company operates through two segments: Alarm.com and Other. The Company’s Alarm.com segment represents its cloud-based platform for the connected home and related connected home solutions.
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