Alarm.com Holdings, Inc. (NASDAQ:ALRM) – Investment analysts at William Blair boosted their Q1 2018 EPS estimates for Alarm.com Holdings in a research note issued to investors on Wednesday. William Blair analyst B. Suri now anticipates that the software maker will earn $0.21 per share for the quarter, up from their prior estimate of $0.20. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Alarm.com Holdings’ Q3 2018 earnings at $0.27 EPS.
Alarm.com Holdings (NASDAQ:ALRM) last released its earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.07. The company had revenue of $90.00 million for the quarter, compared to analyst estimates of $83.04 million. Alarm.com Holdings had a net margin of 9.97% and a negative return on equity of 42.00%. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS.
ALRM has been the topic of a number of other reports. Zacks Investment Research lowered shares of Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Jefferies Group LLC initiated coverage on shares of Alarm.com Holdings in a report on Friday, October 6th. They set a “hold” rating and a $43.00 target price on the stock. Credit Suisse Group reiterated an “outperform” rating and set a $46.00 target price (up from $37.00) on shares of Alarm.com Holdings in a report on Wednesday, August 9th. Northland Securities reiterated a “buy” rating and set a $51.00 target price on shares of Alarm.com Holdings in a report on Friday, October 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $29.00 target price on shares of Alarm.com Holdings in a report on Tuesday, July 25th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Alarm.com Holdings has a consensus rating of “Buy” and an average target price of $45.60.
Shares of Alarm.com Holdings (ALRM) opened at $40.81 on Monday. The stock has a market cap of $1,920.00 and a P/E ratio of 45.10. Alarm.com Holdings has a fifty-two week low of $26.68 and a fifty-two week high of $49.49. The company has a current ratio of 3.16, a quick ratio of 2.88 and a debt-to-equity ratio of -0.81.
In other news, insider Stephen Trundle sold 78,542 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $45.25, for a total value of $3,554,025.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Hutz sold 3,500 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $43.82, for a total transaction of $153,370.00. Following the completion of the sale, the insider now owns 90,522 shares in the company, valued at $3,966,674.04. The disclosure for this sale can be found here. Insiders sold a total of 310,214 shares of company stock worth $13,887,962 over the last 90 days. Company insiders own 46.80% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverbridge Partners LLC purchased a new position in shares of Alarm.com Holdings in the 2nd quarter valued at $50,898,000. Janus Henderson Group PLC purchased a new position in shares of Alarm.com Holdings in the 2nd quarter valued at $37,684,000. Vanguard Group Inc. grew its position in shares of Alarm.com Holdings by 21.7% in the 2nd quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock valued at $29,229,000 after buying an additional 138,595 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Alarm.com Holdings by 61.6% in the 2nd quarter. Renaissance Technologies LLC now owns 593,000 shares of the software maker’s stock valued at $22,315,000 after buying an additional 226,000 shares during the last quarter. Finally, Oak Ridge Investments LLC purchased a new position in shares of Alarm.com Holdings in the 2nd quarter valued at $19,059,000. 84.92% of the stock is currently owned by hedge funds and other institutional investors.
Alarm.com Holdings Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
Receive News & Ratings for Alarm.com Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alarm.com Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.