Roth Capital Remains a Buy on Alarmcom (ALRM)

Roth Capital analyst Darren Aftahi maintained a Buy rating on Alarmcom (ALRMResearch Report) today and set a price target of $73. The company’s shares closed on Friday at $68.33, close to its 52-week high of $68.82.

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 11.6% and a 52.7% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

Alarmcom has an analyst consensus of Strong Buy, with a price target consensus of $69.17, representing a 1.2% upside. In a report issued on April 10, Northland Securities also assigned a Buy rating to the stock with a $73 price target.

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The company has a one-year high of $68.82 and a one-year low of $36.28. Currently, Alarmcom has an average volume of 487.5K.

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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.

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