In a report released yesterday, John Difucci from Jefferies reiterated a Buy rating on Alarmcom (NASDAQ: ALRM), with a price target of $55. The company’s shares opened today at $49.66, close to its 52-week high of $52.60.
According to TipRanks.com, Difucci is a top 25 analyst with an average return of 23.8% and a 72.6% success rate. Difucci covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, CommVault Systems, and Varonis Systems.
Alarmcom has an analyst consensus of Moderate Buy, with a price target consensus of $51.38, a 3.5% upside from current levels. In a report issued on July 25, Roth Capital also reiterated a Buy rating on the stock with a $51 price target.
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The company has a one-year high of $52.60 and a one-year low of $33.39. Currently, Alarmcom has an average volume of 420.1K.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock.
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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.
