Alarm.com Holdings, Inc. (ALRM) Earns Hold Rating from Analysts at Jefferies Group LLC

Jefferies Group LLC initiated coverage on shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in a research report report published on Friday, October 6th, MarketBeat reports. The brokerage issued a hold rating and a $43.00 target price on the software maker’s stock.

Several other analysts have also commented on ALRM. Roth Capital increased their price target on shares of Alarm.com Holdings from $43.50 to $48.00 and gave the company a buy rating in a research report on Wednesday, August 9th. Northland Securities set a $45.00 price objective on shares of Alarm.com Holdings and gave the company a buy rating in a research report on Wednesday, August 9th. Credit Suisse Group reaffirmed an outperform rating and issued a $46.00 price objective (up from $37.00) on shares of Alarm.com Holdings in a research report on Wednesday, August 9th. Imperial Capital lowered shares of Alarm.com Holdings from an outperform rating to an in-line rating and raised their price target for the stock from $40.00 to $45.00 in a research report on Thursday, August 10th. Finally, Maxim Group reissued a buy rating and set a $44.00 price target on shares of Alarm.com Holdings in a research report on Wednesday, August 9th. Five 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. The stock has a consensus rating of Buy and an average target price of $43.70.

Shares of Alarm.com Holdings (NASDAQ:ALRM) opened at 48.45 on Friday. Alarm.com Holdings has a 1-year low of $26.68 and a 1-year high of $48.98. The company has a market cap of $2.26 billion, a PE ratio of 123.91 and a beta of 1.45. The firm’s 50 day moving average is $46.01 and its 200-day moving average is $46.01.

Alarm.com Holdings (NASDAQ:ALRM) last released its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.14. The business had revenue of $86.00 million during the quarter, compared to analyst estimates of $81.05 million. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 35.68%. The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. Equities analysts expect that Alarm.com Holdings will post $0.97 earnings per share for the current year.

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In other Alarm.com Holdings news, insider David Hutz sold 3,500 shares of Alarm.com Holdings stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $47.73, for a total value of $167,055.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Jean-Paul Martin sold 10,000 shares of Alarm.com Holdings stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $45.13, for a total value of $451,300.00. Following the completion of the transaction, the chief technology officer now directly owns 140,404 shares of the company’s stock, valued at $6,336,432.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 370,942 shares of company stock valued at $15,995,942. 78.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Koch Industries Inc. acquired a new position in shares of Alarm.com Holdings during the second quarter worth about $485,000. 1st Global Advisors Inc. acquired a new position in shares of Alarm.com Holdings during the second quarter worth about $275,000. California State Teachers Retirement System grew its position in shares of Alarm.com Holdings by 77.2% during the second quarter. California State Teachers Retirement System now owns 36,031 shares of the software maker’s stock worth $1,356,000 after buying an additional 15,700 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Alarm.com Holdings by 88.7% during the second quarter. The Manufacturers Life Insurance Company now owns 16,761 shares of the software maker’s stock worth $630,000 after buying an additional 7,877 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Alarm.com Holdings during the second quarter worth about $1,295,000. 84.05% of the stock is owned by institutional investors and hedge funds.

About Alarm.com Holdings

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.

Analyst Recommendations for Alarm.com Holdings (NASDAQ:ALRM)

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