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

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $69.00.

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Alarm.com in a research note on Friday, September 6th. They set a “neutral” rating and a $64.00 target price for the company. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, Barclays reduced their price objective on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, July 11th.

Alarm.com Stock Up 0.4 %

NASDAQ:ALRM opened at $56.18 on Tuesday. The firm has a 50-day simple moving average of $61.37 and a two-hundred day simple moving average of $65.14. The firm has a market cap of $2.82 billion, a P/E ratio of 33.24, a P/E/G ratio of 3.26 and a beta of 0.90. Alarm.com has a fifty-two week low of $49.70 and a fifty-two week high of $77.29. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.09. The business had revenue of $233.80 million for 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 firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. Analysts predict that Alarm.com will post 1.4 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,260,125. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Alarm.com

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in shares of Alarm.com by 584.7% in the second quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock worth $1,472,000 after buying an additional 19,785 shares during the period. Sei Investments Co. boosted its stake in shares of Alarm.com by 8.6% during the first quarter. Sei Investments Co. now owns 149,464 shares of the software maker’s stock valued at $10,831,000 after purchasing an additional 11,776 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Alarm.com by 78.8% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 95,300 shares of the software maker’s stock worth $6,158,000 after purchasing an additional 42,000 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Alarm.com in the 1st quarter worth about $544,000. Finally, UniSuper Management Pty Ltd bought a new stake in Alarm.com during the 1st quarter valued at about $759,000. 91.74% of the stock is currently 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.