Maxim (NASDAQ:MXIM) Group analyst Jack Vander Aarde reiterated a Buy rating on Alarm (NASDAQ:ALRM).com Holdings Inc. on Saturday, setting a price target of $79, which is approximately 65.86% above the present share price of $47.63.
Vander Aarde expects Alarm.com Holdings Inc. to post earnings per share (EPS) of $0.27 for the second quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Alarm, with an average price target of $60.
The analysts price targets range from a high of $79 to a low of $51.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $140.49 million and a net profit of $14.95 million. The company's market cap is $2.44 billion.
According to TipRanks.com, Maxim Group analyst Jack Vander Aarde is a 4-star analyst with an average return of 9.2% and a 44.0% success rate.
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. The Other segment focuses on the research and development of home and commercial automation, as well as energy management products and services. The company was founded by Jean-Paul Martin and Alison J. Slavin in 2000 and is headquartered in Tysons, VA.