AlarmCom (ALRM) Downgraded by Zacks Investment Research

Share on StockTwits

Zacks Investment Research downgraded shares of AlarmCom (NASDAQ:ALRM) from a hold rating to a sell rating in a report issued on Tuesday, 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 brokerages have also recently issued reports on ALRM. Northland Securities reiterated a buy rating and issued a $73.00 price objective on shares of AlarmCom in a report on Friday, May 10th. Roth Capital upped their price objective on shares of AlarmCom from $6,673.00 and gave the stock a buy rating in a report on Monday, April 15th. ValuEngine upgraded shares of AlarmCom from a buy rating to a strong-buy rating in a report on Monday, February 4th. Raymond James set a $77.00 price objective on shares of AlarmCom and gave the stock a buy rating in a report on Friday, May 10th. Finally, Bank of America reiterated a buy rating and issued a $78.00 price objective (up from $67.00) on shares of AlarmCom in a report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. AlarmCom currently has a consensus rating of Hold and an average target price of $64.75.

AlarmCom stock opened at $60.95 on Tuesday. The firm has a market cap of $2.82 billion, a PE ratio of 46.53, a P/E/G ratio of 4.43 and a beta of 1.46. AlarmCom has a 12 month low of $36.28 and a 12 month high of $71.50.

AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, February 28th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The firm had revenue of $111.40 million during the quarter, compared to analysts’ expectations of $99.63 million. AlarmCom had a net margin of 4.55% and a negative return on equity of 86.44%. As a group, sell-side analysts predict that AlarmCom will post 1.11 earnings per share for the current year.

In other AlarmCom news, CFO Steve Valenzuela sold 1,083 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $65.42, for a total transaction of $70,849.86. Following the completion of the sale, the chief financial officer now directly owns 29,132 shares in the company, valued at $1,905,815.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Trundle sold 20,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $67.63, for a total transaction of $1,352,600.00. Following the sale, the insider now owns 242,443 shares of the company’s stock, valued at $16,396,420.09. The disclosure for this sale can be found here. Insiders have sold 42,489 shares of company stock valued at $2,811,169 over the last 90 days. Corporate insiders own 26.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings in AlarmCom by 125.0% during the first quarter. Signaturefd LLC now owns 450 shares of the software maker’s stock valued at $29,000 after acquiring an additional 250 shares during the period. Oregon Public Employees Retirement Fund bought a new stake in AlarmCom during the fourth quarter valued at about $30,000. Icon Wealth Partners LLC bought a new stake in AlarmCom during the first quarter valued at about $34,000. Manchester Capital Management LLC boosted its holdings in AlarmCom by 151.3% during the first quarter. Manchester Capital Management LLC now owns 691 shares of the software maker’s stock valued at $45,000 after acquiring an additional 416 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new stake in AlarmCom during the first quarter valued at about $109,000. Institutional investors own 97.31% 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.

Read More: How does new data get added to a blockchain?

Get a free copy of the Zacks research report on AlarmCom (ALRM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

Receive News & Ratings for AlarmCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AlarmCom and related companies with MarketBeat.com's FREE daily email newsletter.