Alarm.com (NASDAQ:ALRM) Raised to Buy at StockNews.com

Alarm.com (NASDAQ:ALRM) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Several other research analysts have also recently weighed in on ALRM. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Barclays lifted their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Jefferies Financial Group assumed coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price on the stock. Roth Mkm dropped their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group boosted their price target on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.40.

Alarm.com Stock Down 0.5 %

ALRM opened at $64.53 on Monday. The stock’s fifty day simple moving average is $55.89 and its 200 day simple moving average is $60.79. Alarm.com has a 1-year low of $51.87 and a 1-year high of $77.29. The stock has a market cap of $3.19 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 3.73 and a beta of 0.90. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the completion of the transaction, the director now owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

Several hedge funds and other institutional investors have recently made changes to their positions in ALRM. Disciplined Growth Investors Inc. MN increased its holdings in Alarm.com by 6.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after purchasing an additional 163,851 shares in the last quarter. Geneva Capital Management LLC increased its stake in shares of Alarm.com by 0.8% in the third quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker’s stock valued at $71,480,000 after buying an additional 10,630 shares during the period. Dimensional Fund Advisors LP raised its holdings in Alarm.com by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock valued at $73,889,000 after buying an additional 42,281 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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, Bank of New York Mellon Corp boosted its position in Alarm.com by 15.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker’s stock worth $30,051,000 after buying an additional 64,424 shares during the period. 91.74% of the stock is owned by institutional investors.

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.