AlarmCom (NASDAQ:ALRM) Rating Increased to Buy at Zacks Investment Research

AlarmCom (NASDAQ:ALRM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports. The brokerage currently has a $43.00 price target on the software maker’s stock. Zacks Investment Research‘s price objective points to a potential upside of 1.32% from the stock’s previous close.

According to Zacks, “Alarm.com Holdings, Inc. offers interactive security solutions for home and business owners. The Company offers security systems which include image sensor, crash and smash protection, web control, mobile access and video monitoring. Alarm.com Holdings, Inc. is based in VIENNA, United States. “

A number of other equities analysts have also recently issued reports on ALRM. ValuEngine upgraded AlarmCom from a “hold” rating to a “buy” rating in a report on Friday, March 20th. Imperial Capital increased their target price on AlarmCom from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Maxim Group reiterated a “buy” rating and issued a $79.00 target price on shares of AlarmCom in a report on Thursday, February 27th. Finally, BidaskClub upgraded AlarmCom from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.30.

Shares of AlarmCom stock traded up $2.61 on Tuesday, reaching $42.44. 710,300 shares of the company’s stock were exchanged, compared to its average volume of 563,507. The company has a market capitalization of $2.08 billion, a P/E ratio of 40.04, a price-to-earnings-growth ratio of 3.01 and a beta of 1.06. AlarmCom has a 52 week low of $32.00 and a 52 week high of $71.50. The firm’s 50-day moving average is $43.75 and its two-hundred day moving average is $44.98.

AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The firm had revenue of $140.49 million for the quarter, compared to analysts’ expectations of $113.63 million. AlarmCom had a negative return on equity of 194.90% and a net margin of 10.66%. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 EPS. Sell-side analysts forecast that AlarmCom will post 1.09 earnings per share for the current fiscal year.

In other AlarmCom news, insider Vii Lp Tcv sold 75,747 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $45.73, for a total transaction of $3,463,910.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christopher P. Marshall sold 25,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $34.29, for a total value of $857,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,118 shares of company stock worth $5,815,865. 26.00% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its stake in AlarmCom by 110.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,635 shares of the software maker’s stock valued at $76,000 after acquiring an additional 857 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in AlarmCom in the 4th quarter worth about $124,000. LS Investment Advisors LLC increased its holdings in AlarmCom by 186.9% in the 4th quarter. LS Investment Advisors LLC now owns 2,964 shares of the software maker’s stock worth $127,000 after acquiring an additional 1,931 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in AlarmCom in the 4th quarter worth about $233,000. Finally, ProShare Advisors LLC increased its holdings in AlarmCom by 17.2% in the 4th quarter. ProShare Advisors LLC now owns 5,983 shares of the software maker’s stock worth $257,000 after acquiring an additional 877 shares during the last quarter. Institutional investors and hedge funds own 99.87% 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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