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

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $64.40.

Several equities research analysts recently commented on ALRM shares. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. 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. JPMorgan Chase & Co. reissued an “underweight” rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. The Goldman Sachs Group raised their target price on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group started coverage on Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target for the company.

Alarm.com Stock Down 0.3 %

ALRM stock opened at $60.53 on Friday. The company has a 50 day moving average of $62.06 and a two-hundred day moving average of $59.68. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. Alarm.com has a 12-month low of $51.87 and a 12-month high of $77.29. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 3.71 and a beta of 0.98.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). Alarm.com had a return on equity of 13.78% and a net margin of 13.54%. On average, equities analysts anticipate that Alarm.com will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, insider Daniel Kerzner sold 32,851 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the completion of the sale, the insider now directly owns 59,668 shares of the company’s stock, valued at $3,961,955.20. This represents a 35.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen Trundle sold 47,500 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the sale, the chief executive officer now owns 252,682 shares in the company, valued at $17,227,858.76. This represents a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

Hedge funds have recently made changes to their positions in the stock. Burgundy Asset Management Ltd. acquired a new position in Alarm.com in the 4th quarter valued at approximately $42,490,000. Norges Bank bought a new stake in shares of Alarm.com during the fourth quarter valued at approximately $34,841,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Alarm.com in the fourth quarter valued at $27,506,000. Assenagon Asset Management S.A. lifted its position in Alarm.com by 230.6% in the third quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock worth $20,844,000 after purchasing an additional 265,936 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Alarm.com by 120.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 400,810 shares of the software maker’s stock worth $24,369,000 after buying an additional 219,203 shares in the last quarter. 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.