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

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been given an average rating of “Hold” by the six analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $64.40.

A number of brokerages have recently commented on ALRM. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Barclays lifted their price target on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Roth Mkm cut their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 target price (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Finally, Jefferies Financial Group started coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target on the stock.

Alarm.com Stock Down 0.4 %

ALRM stock opened at $60.80 on Thursday. The company has a 50 day moving average price of $61.83 and a two-hundred day moving average price of $60.65. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. The stock has a market capitalization of $3.01 billion, a P/E ratio of 26.32, a PEG ratio of 4.08 and a beta of 0.97. Alarm.com has a one year low of $51.87 and a one year high of $77.29.

Insider Activity at Alarm.com

In other Alarm.com news, insider Daniel Kerzner sold 32,851 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $66.40, for a total value of $2,181,306.40. Following the transaction, the insider now directly owns 59,668 shares of the company’s stock, valued at $3,961,955.20. This trade represents a 35.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $156,633.75. Following the completion of the sale, the director now directly owns 5,767 shares of the company’s stock, valued at $344,116.89. The trade was a 31.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,976 shares of company stock worth $5,576,490. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

Hedge funds have recently made changes to their positions in the company. Centaurus Financial Inc. grew its holdings in Alarm.com by 3.7% during the 3rd quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock valued at $12,937,000 after purchasing an additional 8,456 shares in the last quarter. Hsbc Holdings PLC boosted its position in Alarm.com by 312.9% in the 2nd quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker’s stock valued at $1,399,000 after buying an additional 16,625 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Alarm.com during the second quarter valued at about $599,000. Squarepoint Ops LLC increased its position in shares of Alarm.com by 630.1% during the second quarter. Squarepoint Ops LLC now owns 97,847 shares of the software maker’s stock worth $6,217,000 after acquiring an additional 84,445 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Alarm.com by 369.7% in the third quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker’s stock worth $3,802,000 after acquiring an additional 54,738 shares in 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.