Credit Suisse analyst Brad Zelnick maintained a Buy rating on Alarmcom (NASDAQ: ALRM) on May 10 and set a price target of $52. The company’s shares closed on Friday at $39.64.
Zelnick commented:
“We have assumed coverage of Alarm.com (ALRM). We have made no changes to our rating, target price, or estimates at this time. Share price performance A LRM .O Q S& P 5 0 0 IN D EX Ju l- 1 7 O ct – 1 7 Jan – 1 8 A p r – 1 8 3 0 3 5 4 0 4 5 5 0 500 INDEX closed at 2697.79 Daily May10, 2017 – May09, 2018, 05/10/17 = and valuation metrics EPS (Excl. EPS (CS adj., ) 0.91 1.15 1.37 Prev. EPS (CS adj., US$) – – – P/E (CS adj.) (x) 43.4 34.5 29.0 P/E rel.”
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 13.0% and a 70.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ultimate Software, and Microsoft Corp.
Currently, the analyst consensus on Alarmcom is Strong Buy and the average price target is $51.14, representing a 29.0% upside.
In a report issued on May 4, Maxim Group also reiterated a Buy rating on the stock with a $59 price target.
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The company has a one-year high of $49.49 and a one-year low of $31.28. Currently, Alarmcom has an average volume of 447K.
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is neutral on the stock.
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Alarm.com Holdings, Inc. engages in the provision of wireless and web-enabled security system technology. The firm 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.
