JPMorgan Chase & Co. Reaffirms “Underweight” Rating for Alarm.com (NASDAQ:ALRM)

Alarm.com (NASDAQ:ALRM)‘s stock had its “underweight” rating restated by analysts at JPMorgan Chase & Co. in a research note issued on Monday, Marketbeat.com reports. They currently have a $50.00 price target on the software maker’s stock, down from their previous price target of $65.00. JPMorgan Chase & Co.‘s target price indicates a potential downside of 17.36% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Barclays lifted their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Roth Mkm decreased their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. The Goldman Sachs Group boosted their target price on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, Jefferies Financial Group began coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.40.

Alarm.com Price Performance

Shares of ALRM opened at $60.50 on Monday. 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 firm has a market cap of $2.98 billion, a PE ratio of 26.19, a PEG ratio of 3.81 and a beta of 0.90. The firm’s 50 day moving average price is $54.90 and its 200 day moving average price is $61.25. Alarm.com has a twelve month low of $51.87 and a twelve month high of $77.29.

Insider Buying and Selling

In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,260,125. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, the insider now directly owns 41,100 shares in the company, valued at approximately $2,540,391. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, 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.

Hedge Funds Weigh In On Alarm.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Centaurus Financial Inc. raised its position in Alarm.com by 3.7% in the third quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock worth $12,937,000 after purchasing an additional 8,456 shares in the last quarter. Algert Global LLC grew its stake in shares of Alarm.com by 9.2% in the 3rd quarter. Algert Global LLC now owns 187,606 shares of the software maker’s stock valued at $10,256,000 after purchasing an additional 15,809 shares during the period. Nicolet Advisory Services LLC raised its holdings in shares of Alarm.com by 6.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock worth $250,000 after buying an additional 272 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Alarm.com by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker’s stock worth $28,513,000 after buying an additional 7,567 shares during the period. Finally, Landscape Capital Management L.L.C. boosted its stake in Alarm.com by 122.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 18,342 shares of the software maker’s stock valued at $1,003,000 after buying an additional 10,114 shares in the last quarter. 91.74% of the stock is 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.