AlarmCom Hldg Inc (NASDAQ:ALRM) – Equities research analysts at Imperial Capital increased their FY2018 earnings per share (EPS) estimates for shares of AlarmCom in a report issued on Tuesday, November 13th, Zacks Investment Research reports. Imperial Capital analyst J. Kessler now anticipates that the software maker will earn $1.06 per share for the year, up from their previous forecast of $1.03. Imperial Capital currently has a “Outperform” rating and a $58.00 price target on the stock. Imperial Capital also issued estimates for AlarmCom’s FY2019 earnings at $1.18 EPS and FY2020 earnings at $1.46 EPS.
ALRM has been the topic of several other reports. Bank of America upgraded AlarmCom to a “buy” rating and increased their price objective for the company from $55.00 to $65.00 in a research report on Friday, September 14th. Credit Suisse Group reiterated an “outperform” rating on shares of AlarmCom in a research report on Friday, August 17th. Maxim Group increased their price objective on AlarmCom from $59.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research upgraded AlarmCom from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Monday, August 13th. Finally, BidaskClub upgraded AlarmCom from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $55.18.
Shares of NASDAQ:ALRM traded down $1.65 on Thursday, hitting $50.64. The company’s stock had a trading volume of 498,752 shares, compared to its average volume of 365,449. AlarmCom has a 1 year low of $33.39 and a 1 year high of $60.20. The stock has a market cap of $2.51 billion, a P/E ratio of 66.63, a PEG ratio of 2.89 and a beta of 1.69.
AlarmCom (NASDAQ:ALRM) last released its quarterly earnings results on Wednesday, November 7th. The software maker reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.11. AlarmCom had a negative return on equity of 73.39% and a net margin of 3.50%. The firm had revenue of $111.85 million for the quarter, compared to analysts’ expectations of $96.76 million. During the same quarter last year, the firm posted $0.27 EPS. The company’s revenue was up 24.3% compared to the same quarter last year.
In related news, CFO Steve Valenzuela sold 10,808 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $51.80, for a total transaction of $559,854.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Daniel Ramos sold 50,399 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $56.31, for a total value of $2,837,967.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 244,467 shares of company stock worth $12,884,446. 37.10% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Polen Capital Management LLC grew its position in AlarmCom by 12.1% during the 2nd quarter. Polen Capital Management LLC now owns 9,546 shares of the software maker’s stock worth $385,000 after acquiring an additional 1,031 shares during the last quarter. American Capital Management Inc. grew its position in shares of AlarmCom by 0.7% in the 3rd quarter. American Capital Management Inc. now owns 164,035 shares of the software maker’s stock worth $9,416,000 after buying an additional 1,205 shares during the last quarter. Teachers Advisors LLC grew its position in shares of AlarmCom by 2.2% in the 3rd quarter. Teachers Advisors LLC now owns 59,634 shares of the software maker’s stock worth $3,423,000 after buying an additional 1,306 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of AlarmCom by 202.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,302 shares of the software maker’s stock worth $128,000 after buying an additional 1,542 shares during the last quarter. Finally, American International Group Inc. grew its position in shares of AlarmCom by 7.1% in the 3rd quarter. American International Group Inc. now owns 24,689 shares of the software maker’s stock worth $1,417,000 after buying an additional 1,627 shares during the last quarter. Institutional investors and hedge funds own 94.02% 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.