Jefferies Financial Group Begins Coverage on Alarm.com (NASDAQ:ALRM)

Jefferies Financial Group initiated coverage on shares of Alarm.com (NASDAQ:ALRM) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $65.00 price target on the software maker’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 12.07% from the stock’s current price.

A number of other brokerages have also recently commented on ALRM. The Goldman Sachs Group began coverage on Alarm.com in a research note on Friday, September 6th. They issued a “neutral” rating and a $64.00 price target for the company. Barclays decreased their price objective on Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, Roth Mkm decreased 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $66.40.

Alarm.com Stock Performance

Shares of NASDAQ:ALRM opened at $58.00 on Tuesday. The stock has a market capitalization of $2.86 billion, a P/E ratio of 28.86, a P/E/G ratio of 3.22 and a beta of 0.90. Alarm.com has a 1-year low of $51.19 and a 1-year high of $77.29. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. The business has a 50-day moving average price of $54.79 and a two-hundred day moving average price of $61.42.

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

Insider Activity

In other news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related 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 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Ramos sold 9,476 shares of the stock in a transaction on 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 sale, 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 position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Oakworth Capital Inc. acquired a new stake in Alarm.com in the third quarter valued at about $38,000. Huntington National Bank boosted its stake in Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after buying an additional 367 shares in the last quarter. Point72 DIFC Ltd boosted its stake in Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after buying an additional 1,101 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Alarm.com in the second quarter valued at about $108,000. Finally, CWM LLC boosted its stake in Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after buying an additional 618 shares in the last quarter. 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.