Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Rating) by 10.6% during the first quarter, HoldingsChannel.com reports. The firm owned 121,310 shares of the software maker’s stock after selling 14,351 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Alarm.com were worth $8,062,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in ALRM. Mascoma Wealth Management LLC acquired a new position in shares of Alarm.com during the first quarter worth $28,000. GHP Investment Advisors Inc. acquired a new position in shares of Alarm.com in the 1st quarter valued at $38,000. KBC Group NV increased its position in shares of Alarm.com by 81.3% in the 1st quarter. KBC Group NV now owns 1,423 shares of the software maker’s stock valued at $95,000 after acquiring an additional 638 shares during the period. Nisa Investment Advisors LLC acquired a new position in shares of Alarm.com in the 1st quarter valued at $126,000. Finally, National Bank of Canada FI increased its position in shares of Alarm.com by 16.2% in the 1st quarter. National Bank of Canada FI now owns 2,760 shares of the software maker’s stock valued at $183,000 after acquiring an additional 385 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Roth Capital upped their target price on Alarm.com from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. TheStreet raised Alarm.com from a “c” rating to a “b-” rating in a research report on Wednesday, August 10th. Raymond James upped their target price on Alarm.com from $80.00 to $83.00 in a research report on Wednesday, August 10th. StockNews.com downgraded Alarm.com from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th. Finally, Maxim Group upped their price target on shares of Alarm.com from $84.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Alarm.com has a consensus rating of “Moderate Buy” and an average price target of $80.80.
Insider Transactions at Alarm.com
Alarm.com Price Performance
NASDAQ:ALRM opened at $65.25 on Thursday. Alarm.com Holdings, Inc. has a one year low of $54.99 and a one year high of $90.69. The company has a debt-to-equity ratio of 0.87, a quick ratio of 5.50 and a current ratio of 6.27. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 78.62, a PEG ratio of 4.07 and a beta of 1.19. The firm’s fifty day moving average is $69.88 and its two-hundred day moving average is $65.17.
Alarm.com (NASDAQ:ALRM – Get Rating) last posted its earnings results on Tuesday, August 9th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.10. Alarm.com had a net margin of 5.29% and a return on equity of 10.90%. The business had revenue of $212.80 million for the quarter, compared to analyst estimates of $207.93 million. During the same period in the prior year, the company posted $0.43 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Research analysts expect that Alarm.com Holdings, Inc. will post 1.16 EPS for the current year.
Alarm.com Company Profile
Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. It operates in two segments, Alarm.com and Other. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, Internet of Things, thermostats, and video cameras; and video monitoring solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, continuous high definition recording, and commercial video surveillance solutions.
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