Alarm.com (NASDAQ:ALRM) was upgraded by stock analysts at Imperial Capital from an "in-line" rating to an "outperform" rating in a research report issued on Wednesday, The Fly reports. The brokerage presently has a $105.00 price target on the software maker's stock, up from their previous price target of $100.00. Imperial Capital's price objective would indicate a potential upside of 22.48% from the stock's current price. The analysts noted that the move was a valuation call.
Several other brokerages also recently weighed in on ALRM. Raymond James boosted their price target on Alarm.com from $75.00 to $115.00 and gave the company a "strong-buy" rating in a report on Thursday, March 4th. Zacks Investment Research downgraded Alarm.com from a "hold" rating to a "sell" rating in a report on Tuesday, March 23rd. Maxim Group boosted their price target on Alarm.com from $79.00 to $120.00 in a report on Friday, February 26th. Roth Capital boosted their price target on Alarm.com from $75.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, January 21st. Finally, JPMorgan Chase & Co. began coverage on Alarm.com in a report on Tuesday. They issued a "neutral" rating and a $100.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of "Buy" and a consensus price target of $94.78.
Shares of Alarm.com stock opened at $85.73 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.67 and a quick ratio of 4.19. Alarm.com has a 1 year low of $40.48 and a 1 year high of $108.67. The company has a market capitalization of $4.25 billion, a P/E ratio of 57.54, a P/E/G ratio of 4.75 and a beta of 1.15. The business has a 50 day moving average price of $88.94 and a 200 day moving average price of $82.24.
Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Wednesday, February 24th. The software maker reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.27 by $0.18. Alarm.com had a return on equity of 17.50% and a net margin of 12.64%. As a group, research analysts expect that Alarm.com will post 1.12 EPS for the current fiscal year.
In related news, insider Jeffrey A. Bedell sold 800 shares of the company's stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $91.09, for a total transaction of $72,872.00. Following the completion of the sale, the insider now directly owns 456,654 shares of the company's stock, valued at approximately $41,596,612.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey A. Bedell sold 2,061 shares of the company's stock in a transaction on Monday, April 5th. The stock was sold at an average price of $87.39, for a total transaction of $180,110.79. Following the sale, the insider now directly owns 442,511 shares of the company's stock, valued at $38,671,036.29. The disclosure for this sale can be found here. Insiders have sold a total of 31,278 shares of company stock valued at $2,907,926 over the last three months. Corporate insiders own 20.80% of the company's stock.
A number of institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its position in Alarm.com by 8.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,273 shares of the software maker's stock worth $235,000 after purchasing an additional 173 shares during the period. Victory Capital Management Inc. lifted its holdings in Alarm.com by 2.1% in the 3rd quarter. Victory Capital Management Inc. now owns 8,643 shares of the software maker's stock worth $478,000 after buying an additional 174 shares in the last quarter. LPL Financial LLC lifted its holdings in Alarm.com by 3.5% in the 4th quarter. LPL Financial LLC now owns 5,136 shares of the software maker's stock worth $531,000 after buying an additional 175 shares in the last quarter. Comerica Bank lifted its holdings in Alarm.com by 0.5% in the 4th quarter. Comerica Bank now owns 47,296 shares of the software maker's stock worth $4,588,000 after buying an additional 221 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Alarm.com by 4.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,135 shares of the software maker's stock worth $531,000 after buying an additional 234 shares in the last quarter. 93.36% of the stock is owned by hedge funds and other institutional investors.
Alarm.com Company Profile
Alarm.com Holdings, Inc engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.
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