AlarmCom Hldg Inc (ALRM) was Initiated by Maxim Group to “Buy” and the brokerage firm has set the Price Target at $37. Maxim Group advised their investors in a research report released on Dec 1, 2016.
Many Wall Street Analysts have commented on AlarmCom Hldg Inc. ROTH Capital Initiated AlarmCom Hldg Inc on Oct 3, 2016 to “Buy”, Price Target of the shares are set at $33.50.
On the company’s financial health, AlarmCom Hldg Inc reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 14, 2016. Analyst had a consensus of $0.11. The company had revenue of $67.80 million for the quarter, compared to analysts expectations of $59.73 million. The company’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.
AlarmCom Hldg Inc closed down -1.06 points or -3.42% at $29.9 with 2,24,864 shares getting traded on Tuesday. Post opening the session at $30.66, the shares hit an intraday low of $29.71 and an intraday high of $30.8232 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Nov 23, 2016, Daniel Kerzner (Chief Product Officer) sold 28,000 shares at $29.51 per share price. According to the SEC, on Nov 23, 2016, David Hutz (Chief Systems Architect) sold 3,500 shares at $29.54 per share price. On Nov 21, 2016, Daniel Ramos (Sr. VP-Corporate Development) sold 40,000 shares at $29.38 per share price, according to the Form-4 filing with the securities and exchange commission.
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’s multi-tenant software-as-a-service (SaaS) platform enables home and business owners to secure their properties and automate and control an array of connected devices through a single intuitive user interface. The Company offers four primary solutions which include interactive security intelligent automation video monitoring and energy management. The Company offers a suite of enterprise-grade business management solutions to its service providers which include service provider portal installation and support business management and sales marketing and training. The Company is also engaged in the design and manufacturing of various types of hardware including cellular communication modules image sensor video cameras and smart thermostat.