AlarmCom Hldg Inc (ALRM) Given Consensus Recommendation of “Buy” by Brokerages

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AlarmCom Hldg Inc (NASDAQ:ALRM) has received an average rating of “Buy” from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $60.13.

ALRM has been the topic of a number of research reports. ValuEngine cut AlarmCom from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 5th. Maxim Group reissued a “buy” rating and issued a $74.00 price objective (up from $69.00) on shares of AlarmCom in a research note on Friday, March 1st. Zacks Investment Research raised shares of AlarmCom from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, January 1st. BidaskClub raised shares of AlarmCom from a “hold” rating to a “buy” rating in a research report on Thursday, January 17th. Finally, Raymond James increased their target price on shares of AlarmCom from $58.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 1st.

In other news, CFO Steve Valenzuela sold 1,083 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $51.11, for a total transaction of $55,352.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen Trundle sold 18,800 shares of the firm’s stock in a transaction that occurred on Monday, January 14th. The stock was sold at an average price of $55.11, for a total transaction of $1,036,068.00. Following the sale, the chief executive officer now directly owns 218,514 shares of the company’s stock, valued at approximately $12,042,306.54. The disclosure for this sale can be found here. Insiders sold 52,050 shares of company stock valued at $2,888,429 in the last ninety days. 37.10% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Redmond Asset Management LLC grew its position in shares of AlarmCom by 1.1% during the fourth quarter. Redmond Asset Management LLC now owns 16,009 shares of the software maker’s stock worth $830,000 after buying an additional 180 shares in the last quarter. Raymond James & Associates lifted its stake in AlarmCom by 0.3% during the fourth quarter. Raymond James & Associates now owns 70,971 shares of the software maker’s stock worth $3,681,000 after purchasing an additional 199 shares during the last quarter. Victory Capital Management Inc. lifted its stake in AlarmCom by 4.0% during the fourth quarter. Victory Capital Management Inc. now owns 6,938 shares of the software maker’s stock worth $360,000 after purchasing an additional 270 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its stake in AlarmCom by 4.1% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 8,273 shares of the software maker’s stock worth $429,000 after purchasing an additional 324 shares during the last quarter. Finally, Comerica Bank lifted its stake in AlarmCom by 1.1% during the fourth quarter. Comerica Bank now owns 33,999 shares of the software maker’s stock worth $2,131,000 after purchasing an additional 381 shares during the last quarter. 96.93% of the stock is owned by institutional investors and hedge funds.

Shares of ALRM traded up $0.88 on Friday, reaching $61.20. 14,971 shares of the stock traded hands, compared to its average volume of 578,350. The stock has a market cap of $2.91 billion, a PE ratio of 46.99, a P/E/G ratio of 3.15 and a beta of 1.47. AlarmCom has a 12 month low of $36.28 and a 12 month high of $65.85.

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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Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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