Zacks Investment Research upgraded shares of AlarmCom (NASDAQ:ALRM) from a hold rating to a buy rating in a research report released on Monday. They currently have $56.00 target price on the software maker’s stock.

According to Zacks, “Alarm.com Holdings, Inc. offers interactive security solutions for home and business owners. The Company offers security systems which include image sensor, crash and smash protection, web control, mobile access and video monitoring. Alarm.com Holdings, Inc. is based in VIENNA, United States. “

A number of other equities analysts have also commented on the stock. Goldman Sachs Group lowered shares of AlarmCom from a neutral rating to a sell rating and set a $30.00 price objective on the stock. in a report on Wednesday, June 20th. Raymond James upgraded shares of AlarmCom from an outperform rating to a strong-buy rating and set a $48.00 price objective on the stock in a report on Monday, June 25th. First Analysis set a $52.00 price objective on shares of AlarmCom and gave the stock a buy rating in a report on Tuesday, April 17th. BidaskClub upgraded shares of AlarmCom from a buy rating to a strong-buy rating in a report on Wednesday, April 18th. Finally, Credit Suisse Group boosted their price objective on shares of AlarmCom from $52.00 to $57.00 and gave the stock an outperform rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. AlarmCom presently has an average rating of Buy and a consensus price target of $50.83.

Shares of ALRM stock opened at $53.55 on Monday. AlarmCom has a 12 month low of $33.39 and a 12 month high of $54.00. The company has a current ratio of 4.25, a quick ratio of 3.93 and a debt-to-equity ratio of -1.08. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 70.46, a PEG ratio of 2.94 and a beta of 1.16.

AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. AlarmCom had a net margin of 9.75% and a negative return on equity of 64.90%. The firm had revenue of $104.49 million for the quarter, compared to analyst estimates of $94.72 million. sell-side analysts forecast that AlarmCom will post 1 EPS for the current fiscal year.

In other news, insider Daniel Kerzner sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $49.66, for a total value of $496,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel Ramos sold 4,172 shares of the business’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $45.27, for a total transaction of $188,866.44. Following the completion of the sale, the vice president now directly owns 71,700 shares of the company’s stock, valued at approximately $3,245,859. The disclosure for this sale can be found here. Insiders sold a total of 309,625 shares of company stock valued at $13,863,663 in the last three months. Insiders own 37.10% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Legal & General Group Plc grew its position in shares of AlarmCom by 4.6% during the 1st quarter. Legal & General Group Plc now owns 50,964 shares of the software maker’s stock valued at $1,906,000 after buying an additional 2,242 shares during the last quarter. Shaker Investments LLC OH bought a new stake in shares of AlarmCom during the 2nd quarter valued at about $971,000. New York State Common Retirement Fund grew its position in shares of AlarmCom by 787.6% during the 1st quarter. New York State Common Retirement Fund now owns 248,021 shares of the software maker’s stock valued at $9,360,000 after buying an additional 220,077 shares during the last quarter. Huber Financial Advisors LLC bought a new stake in shares of AlarmCom during the 1st quarter valued at about $713,000. Finally, Swiss National Bank grew its position in shares of AlarmCom by 6.3% during the 1st quarter. Swiss National Bank now owns 28,500 shares of the software maker’s stock valued at $1,076,000 after buying an additional 1,700 shares during the last quarter. 92.75% of the stock is owned by institutional investors and hedge funds.

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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