AlarmCom (NASDAQ:ALRM) Downgraded by Zacks Investment Research

AlarmCom (NASDAQ:ALRM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

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. “

A number of other equities research analysts have also commented on ALRM. ValuEngine lowered AlarmCom from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Bank of America reaffirmed a “buy” rating and set a $78.00 price target (up previously from $67.00) on shares of AlarmCom in a research report on Friday, May 3rd. Northland Securities reaffirmed a “buy” rating and set a $73.00 price target on shares of AlarmCom in a research report on Friday, May 10th. Raymond James set a $77.00 price target on AlarmCom and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Jefferies Financial Group lowered AlarmCom from a “buy” rating to a “hold” rating and dropped their price target for the stock from $71.00 to $66.00 in a research report on Monday, May 13th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $67.70.

Shares of NASDAQ ALRM traded down $0.87 during mid-day trading on Wednesday, reaching $45.88. 325,829 shares of the company’s stock were exchanged, compared to its average volume of 475,058. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth ratio of 3.81 and a beta of 1.38. The firm’s fifty day moving average is $50.93. AlarmCom has a twelve month low of $40.92 and a twelve month high of $71.50.

AlarmCom (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, August 8th. The software maker reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.08. The company had revenue of $121.66 million for the quarter, compared to analyst estimates of $109.45 million. AlarmCom had a negative return on equity of 89.29% and a net margin of 5.05%. AlarmCom’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. As a group, analysts predict that AlarmCom will post 1.11 EPS for the current fiscal year.

In other AlarmCom news, VP Daniel Ramos sold 1,269 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $58.42, for a total value of $74,134.98. Following the completion of the transaction, the vice president now directly owns 29,860 shares in the company, valued at $1,744,421.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steve Valenzuela sold 1,083 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $57.99, for a total value of $62,803.17. Following the completion of the transaction, the chief financial officer now owns 41,632 shares of the company’s stock, valued at $2,414,239.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,304 shares of company stock valued at $192,544. 26.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of ALRM. Brown Capital Management LLC grew its stake in AlarmCom by 39.2% in the second quarter. Brown Capital Management LLC now owns 4,488,606 shares of the software maker’s stock valued at $240,140,000 after purchasing an additional 1,264,342 shares in the last quarter. Norges Bank bought a new position in AlarmCom in the fourth quarter valued at approximately $33,739,000. BlackRock Inc. grew its stake in AlarmCom by 11.9% in the second quarter. BlackRock Inc. now owns 5,650,949 shares of the software maker’s stock valued at $302,326,000 after purchasing an additional 603,061 shares in the last quarter. Pictet Asset Management Ltd. bought a new position in AlarmCom in the first quarter valued at approximately $33,878,000. Finally, FMR LLC boosted its stake in shares of AlarmCom by 323,590.2% during the 1st quarter. FMR LLC now owns 297,795 shares of the software maker’s stock worth $19,327,000 after acquiring an additional 297,703 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

About AlarmCom

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.

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