Breaking Finance News (NASDAQ:ALRM) target price raised to $30.00, reported earlier today by Imperial Capital

Yesterday (NASDAQ:ALRM) traded 0.59% lower at $32.93. The company’s 50-day moving average is $28.40 and its 200-day average is $24.47. The last stock price close is up 3.26% from the 200-day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. 440,849 shares of the stock traded, up from ann average volume of 294,581. (NASDAQ:ALRM) had its estimated target price raised to $30 by Imperial Capital in an issued report announced Tuesday August 16 2016. The updated target price indicates a potential downside of -0.09% from the bussiness’ previous closing price.

On 6/24/2016, Bank of America (Merrill Lynch) released a statement on upped the target price from $25.00 to $28.00 that indicated a possible upside of 0.12%.

See Chart Below: (NASDAQ:ALRM)

A total of 6 brokers have released a ratings update on the stock. Zero rate the company a strong buy, 0 rate the company a buy, 0 firms rate the stock a hold, 0 rate the company to underperform, and finally 0 brokeragesrate the stock as sell with a one year target price of $25.58 has a one-year low of $11.15 and a 52 week high of $33.13 with a P/E ratio of 107 and has a total market value of $0.0.

More About (NASDAQ:ALRM) 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 operates through two segments: and Other. The Company’s segment represents its cloud-based platform for the connected home and related connected home solutions. Its segment also includes the results of Horizon Analog, which is a research company that focuses on collection and analysis of data relating energy usage and consumer behavior and energy disaggregation; Secure-i, which is a commercial video as a service provider, and SecurityTrax, and which provides software-as-a-service (SaaS)-based customer relationship management software tailored for security system dealers. Its Other segment is focused on researching and developing home and commercial automation and energy management products and services in adjacent markets.

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