Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives Average Rating of “Hold” from Analysts

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $64.40.

A number of research firms have recently weighed in on ALRM. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Barclays raised their price objective on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. The Goldman Sachs Group raised their price objective on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group began coverage on Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective for the company.

Alarm.com Stock Up 0.4 %

Shares of NASDAQ ALRM opened at $58.12 on Friday. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $2.89 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 3.59 and a beta of 0.98. The stock’s fifty day simple moving average is $61.45 and its two-hundred day simple moving average is $59.52. Alarm.com has a 12-month low of $51.87 and a 12-month high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). The company had revenue of $242.24 million for the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. As a group, analysts expect that Alarm.com will post 1.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alarm.com news, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the completion of the sale, the insider now owns 59,668 shares of the company’s stock, valued at approximately $3,961,955.20. The trade was a 35.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total value of $3,238,550.00. Following the sale, the chief executive officer now directly owns 252,682 shares of the company’s stock, valued at approximately $17,227,858.76. This represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alarm.com

A number of institutional investors have recently modified their holdings of ALRM. Burgundy Asset Management Ltd. purchased a new position in shares of Alarm.com during the 4th quarter valued at about $42,490,000. Norges Bank purchased a new position in shares of Alarm.com during the 4th quarter valued at about $34,841,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of Alarm.com during the 4th quarter valued at about $27,506,000. Assenagon Asset Management S.A. raised its stake in shares of Alarm.com by 230.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock valued at $20,844,000 after buying an additional 265,936 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Alarm.com by 120.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker’s stock valued at $24,369,000 after buying an additional 219,203 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

About Alarm.com

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.