In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Alarm (ALRM – Research Report), with a price target of $58.00. The company’s shares closed last Thursday at $47.63.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 8.2% and a 47.1% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Ribbon Communications, and Limelight Networks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alarm with a $58.80 average price target, which is a 28.4% upside from current levels. In a report issued on May 6, Raymond James also maintained a Buy rating on the stock with a $55.00 price target.
The company has a one-year high of $70.52 and a one-year low of $32.00. Currently, Alarm has an average volume of 562.6K.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALRM in relation to earlier this year.
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Alarm.com Holdings, Inc. engages in the provision of wireless and web-enabled security system technology. The company offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions. The Other segment focuses on the research and development of home and commercial automation, as well as energy management products and services. The company was founded by Jean-Paul Martin and Alison J. Slavin in 2000 and is headquartered in Tysons, VA.