Zacks Investment Research downgraded shares of Alarm.com Holdings Inc. (NASDAQ:ALRM) from a buy rating to a hold rating in a research report released on Tuesday morning.
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. “
Several other research analysts also recently commented on ALRM. First Analysis began coverage on Alarm.com Holdings in a report on Thursday, July 7th. They issued an overweight rating and a $32.00 target price on the stock. Imperial Capital boosted their target price on Alarm.com Holdings from $24.50 to $30.00 and gave the stock an in-line rating in a report on Tuesday, August 16th. Bank of America Corp. reissued a buy rating and issued a $28.00 target price (up from $25.00) on shares of Alarm.com Holdings in a report on Friday, June 24th. Goldman Sachs Group Inc. boosted their target price on Alarm.com Holdings from $24.00 to $30.00 and gave the stock a buy rating in a report on Tuesday, August 16th. Finally, Citigroup Inc. downgraded Alarm.com Holdings to a market perform rating in a report on Tuesday, August 16th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $28.05.
Alarm.com Holdings (NASDAQ:ALRM) traded up 0.20% during midday trading on Tuesday, hitting $29.87. The stock had a trading volume of 10,854 shares. The stock’s 50-day moving average is $27.67 and its 200-day moving average is $25.56. Alarm.com Holdings has a one year low of $11.86 and a one year high of $33.13. The company has a market cap of $1.36 billion, a P/E ratio of 126.57 and a beta of 1.91.
Alarm.com Holdings (NASDAQ:ALRM) last announced its earnings results on Monday, August 15th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The business had revenue of $64.42 million for the quarter, compared to the consensus estimate of $58.61 million. Alarm.com Holdings had a negative return on equity of 18.64% and a net margin of 4.74%. Alarm.com Holdings’s revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. Equities analysts predict that Alarm.com Holdings will post $0.50 EPS for the current fiscal year.
In related news, insider Jean-Paul Martin sold 50,000 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $24.69, for a total value of $1,234,500.00. Following the completion of the sale, the insider now owns 172,904 shares in the company, valued at approximately $4,268,999.76. The transaction was disclosed in a filing with the SEC, which is available through this link. 78.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in ALRM. Schwab Charles Investment Management Inc. boosted its stake in Alarm.com Holdings by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 24,050 shares of the company’s stock worth $617,000 after buying an additional 420 shares in the last quarter. American International Group Inc. raised its position in shares of Alarm.com Holdings by 21.9% in the second quarter. American International Group Inc. now owns 5,938 shares of the company’s stock worth $152,000 after buying an additional 1,067 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Alarm.com Holdings by 33.2% in the second quarter. Nationwide Fund Advisors now owns 6,701 shares of the company’s stock worth $172,000 after buying an additional 1,671 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Alarm.com Holdings by 4.1% in the first quarter. Geode Capital Management LLC now owns 67,769 shares of the company’s stock worth $1,606,000 after buying an additional 2,652 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Alarm.com Holdings by 25.4% in the second quarter. California State Teachers Retirement System now owns 21,631 shares of the company’s stock worth $554,000 after buying an additional 4,376 shares during the last quarter. Institutional investors and hedge funds own 61.49% of the company’s stock.
Alarm.com Holdings Company Profile
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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