Alarmcom (ALRM) Receives a Buy from Northland Securities

By Austin Angelo

Northland Securities analyst Michael Latimore maintained a Buy rating on Alarmcom (ALRMResearch Report) today and set a price target of $73. The company’s shares closed yesterday at $50.52.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 11.7% and a 56.0% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.

Alarmcom has an analyst consensus of Moderate Buy, with a price target consensus of $67.67.

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Based on Alarmcom’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $9.01 million. In comparison, last year the company had a net profit of $10.73 million.

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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.