Bank of America Maintains AlarmCom Hldg Inc to Buy with Price Target $28.00

Brokerage firm Bank of America Maintains its rating on AlarmCom Hldg Inc(NASDAQ:ALRM). In a research note issued to the investors, the brokerage major Raises the price-target to $28.00 per share. The shares have been rated Buy. The rating by Bank of America was issued on Jun 24, 2016.

In a different note, On Jun 21, 2016, Imperial Capital said it Downgrades its rating on AlarmCom Hldg Inc. The shares have been rated ‘In-line’ by the firm. On Jun 16, 2016, Imperial Capital said it Maintains its rating on AlarmCom Hldg Inc. In the research note, the firm Maintains the price-target to $24.50 per share. The shares have been rated ‘Outperform’ by the firm. BB&T Capital said it Initiates Coverage on AlarmCom Hldg Inc, according to a research note issued on Jun 15, 2016. The shares have been rated ‘Buy’ by the firm. On Apr 1, 2016, Stifel Nicolaus said it Downgrades its rating on AlarmCom Hldg Inc. The shares have been rated ‘Neutral’ by the firm.

AlarmCom Hldg Inc (ALRM) made into the market gainers list on Wednesdays trading session with the shares advancing 1.71% or 0.42 points. Due to strong positive momentum, the stock ended at $24.94, which is also near the day’s high of $25.51. The stock began the session at $24.9 and the volume stood at 2,02,511 shares. The 52-week high of the shares is $25.75 and the 52 week low is $10.26. The company has a current market capitalization of $1,137 M and it has 4,55,87,260 shares in outstanding.

AlarmCom Hldg Inc(ALRM) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.12.

Several Insider Transactions has been reported to the SEC. On Jul 9, 2015, Ralph S Terkowitz (director 10% owner) sold 525,000 shares at $13.02 per share price.

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.

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