Imperial Capital Upgrades AlarmCom Hldg Inc to Outperform with Price Target $35

Brokerage firm Imperial Capital Upgrades its rating on AlarmCom Hldg Inc(ALRM). As per the latest information, Imperial Capital Raises the price target to $35 per share from a prior target of $30. The shares have been rated Outperform. Previously, the analysts had a In-Line rating on the shares. The rating by the stock financial advisor at Imperial Capital was issued on Mar 17, 2017 in a research report to their Investors and Clients.

AlarmCom Hldg Inc (ALRM) shares turned negative on Wednesdays trading session with the shares closing down -1.17 points or -3.59% at a volume of 3,85,131. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.98. The peak price level was also seen at $31.98 while the days lowest was $31.07. Finally the shares closed at $31.45. The 52-week high of the shares is $34.43 while the 52-week low is $19.91. According to the latest information available, the market cap of the company is $1,454 M.

AlarmCom Hldg Inc(ALRM) last announced its earnings results on Mar 15, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $69.794M. Analysts had an estimated revenue of $63.950M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.13.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2017, David Hutz (Chief Systems Architect) sold 3,500 shares at $28.78 per share price.Also, On Mar 7, 2017, Jean-paul Martin (Chief Technology Officer) sold 30,000 shares at $29.10 per share price.On Feb 10, 2017, Daniel Kerzner (Chief Product Officer) sold 36,000 shares at $27.54 per share price, according to the Form-4 filing with the securities and exchange commission. 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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