Alarm.com (NASDAQ:ALRM) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Alarm.com (NASDAQ:ALRM) in a research note released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $65.00 price target on the software maker’s stock.

Several other equities analysts have also recently commented on ALRM. The Goldman Sachs Group assumed coverage on shares of Alarm.com in a research note on Friday, September 6th. They set a “neutral” rating and a $64.00 target price for the company. Barclays reduced their target price on shares of 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. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Roth Mkm reduced their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $66.40.

Alarm.com Stock Up 3.9 %

Shares of ALRM stock opened at $56.00 on Tuesday. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 3.22 and a beta of 0.90. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25. The stock’s 50 day simple moving average is $54.80 and its 200 day simple moving average is $61.44. Alarm.com has a twelve month low of $51.05 and a twelve month high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.09. The firm had revenue of $233.80 million during 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 firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, research analysts predict that Alarm.com will post 1.4 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its stake in shares of Alarm.com by 584.7% in the 2nd quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock valued at $1,472,000 after buying an additional 19,785 shares during the period. Sei Investments Co. raised its holdings in Alarm.com by 8.6% during the 1st quarter. Sei Investments Co. now owns 149,464 shares of the software maker’s stock worth $10,831,000 after purchasing an additional 11,776 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Alarm.com during the 1st quarter valued at about $544,000. UniSuper Management Pty Ltd bought a new position in shares of Alarm.com in the 1st quarter valued at about $759,000. Finally, Janus Henderson Group PLC grew its position in shares of Alarm.com by 36.8% during the 1st quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock worth $2,379,000 after buying an additional 8,843 shares during the period. Institutional investors own 91.74% of the company’s stock.

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.