Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives $66.75 Consensus PT from Brokerages

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have received an average rating of “Hold” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $66.75.

Several research firms have weighed in on ALRM. Barclays dropped their price target on Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. The Goldman Sachs Group began coverage on shares of Alarm.com in a research report on Friday, September 6th. They set a “neutral” rating and a $64.00 target price for the company. Roth Mkm cut their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th.

Alarm.com Stock Down 1.4 %

Shares of ALRM stock opened at $53.80 on Friday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 3.22 and a beta of 0.90. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. The company’s fifty day moving average price is $55.77 and its 200-day moving average price is $62.26. Alarm.com has a one year low of $49.70 and a one year high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 EPS for the quarter, beating the consensus estimate of $0.49 by $0.09. The business had revenue of $233.80 million for the quarter, compared to the consensus estimate of $227.35 million. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. Sell-side analysts expect that Alarm.com will post 1.4 EPS for the current fiscal year.

Insider Activity at Alarm.com

In related news, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the transaction, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Trading of Alarm.com

A number of institutional investors have recently bought and sold shares of ALRM. Oak Ridge Investments LLC raised its stake in shares of Alarm.com by 0.3% in the first quarter. Oak Ridge Investments LLC now owns 63,176 shares of the software maker’s stock valued at $4,578,000 after acquiring an additional 173 shares during the period. Parkside Financial Bank & Trust raised its position in Alarm.com by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after purchasing an additional 183 shares during the period. Arizona State Retirement System raised its position in Alarm.com by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after purchasing an additional 232 shares during the period. QRG Capital Management Inc. lifted its stake in Alarm.com by 4.6% in the second quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after purchasing an additional 266 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Alarm.com by 0.3% during the first quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock valued at $6,790,000 after buying an additional 300 shares during the period. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Company Profile

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.