Services
How Analysts Rated Alarm.com After IPO Quiet Period Expiration
Published:
Last Updated:
Alarm.com Holdings Inc. (NASDAQ: ALRM) has now seen the analyst quiet period after its initial public offering (IPO) come to an end. Most of the analysts have a positive view here, but it is also important to consider where this stock is relative to the IPO.
Alarm.com offers one of the top home alarm platforms for a connected home. Its 7 million share IPO priced at $14.00 per share at the end of June, and all shares sold were sold by the company itself. Its underwriters were granted a 30-day option to purchase up to an additional 525,000 shares from the company and an option to buy an additional 525,000 shares of common stock from selling stockholders.
The joint book runners were Goldman Sachs, Credit Suisse and Bank of America Merrill Lynch. Co-managers were Stifel, Raymond James, William Blair and Imperial Capital. We have seen analysts issue the following coverage in Alarm.com:
Alarm.com shares closed at $16.88 on the first day of its post-IPO trading, with more than 9 million shares having traded hands. While shares have gyrated after the IPO, the $18.78 close on Monday, July 21, was actually the highest closing price that Alarm.com shares have seen.
ALSO READ: 5 IPOs Due to Launch in the Week of July 20
Unfortunately, that Neutral rating from Goldman Sachs, one of the lead underwriters, as well as one of the most widely followed firms for research reports, may be what was weighing on the quiet period expiration performance. Also, the performance already has been positive.
Alarm.com shares were trading down 6.4% at $17.58 Tuesday morning. Its post-IPO range has been $14.71 to $19.15.
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.