AlarmCom Hldg Inc (NASDAQ:ALRM) – Equities researchers at William Blair boosted their Q1 2017 EPS estimates for shares of AlarmCom Hldg in a research note issued to investors on Thursday. William Blair analyst B. Suri now forecasts that the firm will post earnings of $0.14 per share for the quarter, up from their prior forecast of $0.11. William Blair also issued estimates for AlarmCom Hldg’s Q2 2017 earnings at $0.16 EPS, Q3 2017 earnings at $0.18 EPS, Q4 2017 earnings at $0.20 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.24 EPS and Q4 2018 earnings at $0.27 EPS.
AlarmCom Hldg (NASDAQ:ALRM) last issued its quarterly earnings results on Wednesday, March 15th. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.06. AlarmCom Hldg had a negative return on equity of 20.70% and a net margin of 4.21%. The company had revenue of $69.79 million for the quarter, compared to the consensus estimate of $63.95 million. During the same quarter in the prior year, the business earned $0.14 EPS. AlarmCom Hldg’s revenue was up 22.6% on a year-over-year basis.
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A number of other brokerages have also recently commented on ALRM. Maxim Group reiterated a “buy” rating and set a $42.00 target price (up previously from $37.00) on shares of AlarmCom Hldg in a report on Thursday, March 16th. Goldman Sachs Group Inc started coverage on AlarmCom Hldg in a report on Tuesday, January 31st. They set a “neutral” rating and a $31.00 target price on the stock. Roth Capital set a $40.00 target price on AlarmCom Hldg and gave the company a “buy” rating in a report on Saturday. Stifel Nicolaus reiterated a “hold” rating and set a $29.00 target price (up previously from $27.00) on shares of AlarmCom Hldg in a report on Thursday, March 16th. Finally, Imperial Capital upgraded AlarmCom Hldg from an “in-line” rating to an “outperform” rating and increased their target price for the company from $30.00 to $35.00 in a report on Friday. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $34.10.
Shares of AlarmCom Hldg (NASDAQ:ALRM) opened at 32.99 on Monday. The stock has a market cap of $1.52 billion, a P/E ratio of 149.95 and a beta of 1.64. AlarmCom Hldg has a one year low of $19.91 and a one year high of $34.43. The firm’s 50-day moving average price is $28.97 and its 200 day moving average price is $28.51.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ABS Capital Partners V Trust purchased a new position in shares of AlarmCom Hldg during the fourth quarter worth $259,867,000. State Street Corp boosted its position in shares of AlarmCom Hldg by 3.5% in the fourth quarter. State Street Corp now owns 164,475 shares of the company’s stock worth $4,574,000 after buying an additional 5,597 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of AlarmCom Hldg during the fourth quarter worth $1,282,000. Analytic Investors LLC purchased a new position in shares of AlarmCom Hldg during the third quarter worth $1,403,000. Finally, Timpani Capital Management LLC purchased a new position in shares of AlarmCom Hldg during the third quarter worth $842,000. Hedge funds and other institutional investors own 63.00% of the company’s stock.
In related news, insider David Hutz sold 3,498 shares of AlarmCom Hldg stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $27.31, for a total value of $95,530.38. Following the transaction, the insider now owns 156,024 shares in the company, valued at $4,261,015.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jean-Paul Martin sold 40,000 shares of AlarmCom Hldg stock in a transaction on Monday, January 9th. The shares were sold at an average price of $27.04, for a total value of $1,081,600.00. Following the completion of the transaction, the insider now owns 162,904 shares in the company, valued at approximately $4,404,924.16. The disclosure for this sale can be found here. Insiders sold 156,498 shares of company stock worth $4,334,860 in the last quarter. 78.50% of the stock is owned by insiders.
AlarmCom Hldg Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Company operates through two segments: Alarm.com and Other. The Company’s Alarm.com segment represents its cloud-based platform for the connected home and related connected home solutions.
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