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

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $64.40.

Several research analysts recently issued reports on ALRM shares. Roth Mkm dropped their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Barclays upped their target price on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. The Goldman Sachs Group raised 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. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th.

Insiders Place Their Bets

In related news, Director Stephen C. Evans sold 2,625 shares of the company’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 transaction, the director now directly owns 5,767 shares of the company’s stock, valued at $344,116.89. This represents a 31.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 5.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alarm.com

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC lifted its position in Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after acquiring an additional 618 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Alarm.com by 4.6% during the second quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after purchasing an additional 266 shares during the period. SG Americas Securities LLC boosted its position in Alarm.com by 584.7% in the second 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 last quarter. Assenagon Asset Management S.A. increased its holdings in Alarm.com by 7.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,341 shares of the software maker’s stock worth $7,329,000 after buying an additional 7,965 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its position in Alarm.com by 12.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 24,598 shares of the software maker’s stock worth $1,563,000 after buying an additional 2,736 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Trading Up 0.7 %

ALRM stock opened at $68.41 on Friday. Alarm.com has a 12 month low of $51.87 and a 12 month high of $77.29. The firm’s 50-day moving average is $57.90 and its 200 day moving average is $60.67. The company has a market capitalization of $3.38 billion, a PE ratio of 29.61, a P/E/G ratio of 4.12 and a beta of 0.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20.

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.