AlarmCom (NASDAQ:ALRM) Given New $51.00 Price Target at Imperial Capital

AlarmCom (NASDAQ:ALRM) had its target price cut by Imperial Capital from $58.00 to $51.00 in a research report released on Thursday morning, Briefing.com Automated Import reports. They currently have an in-line rating on the software maker’s stock.

Other research analysts have also issued reports about the company. Maxim Group reiterated a buy rating and set a $79.00 price target on shares of AlarmCom in a report on Friday, August 9th. Roth Capital set a $51.00 price target on AlarmCom and gave the stock a hold rating in a report on Thursday, October 10th. ValuEngine lowered AlarmCom from a buy rating to a hold rating in a report on Friday, July 26th. First Analysis upgraded AlarmCom from an outperform rating to a strong-buy rating and set a $75.00 price target for the company in a report on Monday, October 21st. Finally, BidaskClub upgraded AlarmCom from a sell rating to a hold rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $65.70.

NASDAQ ALRM traded down $2.01 on Thursday, hitting $45.37. 419,900 shares of the company were exchanged, compared to its average volume of 432,374. The firm has a market capitalization of $2.50 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 3.31 and a beta of 1.39. The company’s 50 day moving average price is $47.78 and its 200-day moving average price is $52.73. AlarmCom has a twelve month low of $43.52 and a twelve month high of $71.50.

AlarmCom (NASDAQ:ALRM) last announced its earnings results on Tuesday, November 5th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The firm had revenue of $127.90 million during the quarter, compared to analysts’ expectations of $114.62 million. AlarmCom had a negative return on equity of 105.06% and a net margin of 10.23%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. Equities research analysts expect that AlarmCom will post 1.11 earnings per share for the current fiscal year.

In other news, insider Stephen Trundle sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $47.18, for a total transaction of $943,600.00. Following the completion of the transaction, the insider now directly owns 242,443 shares in the company, valued at $11,438,460.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 26.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mason Street Advisors LLC raised its stake in shares of AlarmCom by 4.8% in the third quarter. Mason Street Advisors LLC now owns 12,348 shares of the software maker’s stock valued at $576,000 after purchasing an additional 571 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of AlarmCom by 110.2% in the third quarter. Tower Research Capital LLC TRC now owns 1,635 shares of the software maker’s stock valued at $76,000 after purchasing an additional 857 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of AlarmCom by 93.5% in the third quarter. Parkside Financial Bank & Trust now owns 2,218 shares of the software maker’s stock valued at $103,000 after purchasing an additional 1,072 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of AlarmCom by 9.1% in the third quarter. Alps Advisors Inc. now owns 13,886 shares of the software maker’s stock valued at $648,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of AlarmCom by 30.1% in the third quarter. Russell Investments Group Ltd. now owns 57,033 shares of the software maker’s stock valued at $2,660,000 after purchasing an additional 13,183 shares in the last quarter. Institutional investors and hedge funds own 98.88% 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.

Featured Article: What does an inverted yield curve signify?

Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

Receive News & Ratings for AlarmCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AlarmCom and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News