Alarm.com Holdings, Inc. (NASDAQ:ALRM) Short Interest Up 5.7% in June

Alarm.com Holdings, Inc. (NASDAQ:ALRM) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 2,040,000 shares, an increase of 5.7% from the May 31st total of 1,930,000 shares. Approximately 4.3% of the company’s stock are short sold. Based on an average daily volume of 413,100 shares, the short-interest ratio is presently 4.9 days.

Alarm.com Stock Up 1.9 %

NASDAQ:ALRM opened at $64.32 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.03 and a current ratio of 5.51. The stock has a 50-day simple moving average of $65.34 and a 200 day simple moving average of $66.56. Alarm.com has a one year low of $48.61 and a one year high of $77.29. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, May 9th. The software maker reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. Alarm.com had a return on equity of 12.14% and a net margin of 10.08%. The firm had revenue of $223.28 million for the quarter, compared to analysts’ expectations of $218.32 million. Sell-side analysts predict that Alarm.com will post 1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Alarm.com

Large investors have recently bought and sold shares of the business. Oak Ridge Investments LLC lifted its holdings in shares of Alarm.com by 0.3% in the 1st quarter. Oak Ridge Investments LLC now owns 63,176 shares of the software maker’s stock worth $4,578,000 after purchasing an additional 173 shares during the last quarter. QRG Capital Management Inc. grew its position in Alarm.com by 4.2% in the 4th quarter. QRG Capital Management Inc. now owns 5,681 shares of the software maker’s stock worth $367,000 after purchasing an additional 229 shares during the last quarter. Cardinal Capital Management increased its stake in shares of Alarm.com by 2.4% in the fourth quarter. Cardinal Capital Management now owns 12,456 shares of the software maker’s stock valued at $805,000 after purchasing an additional 294 shares during the period. Swiss National Bank boosted its position in shares of Alarm.com by 0.3% during the first quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock worth $6,790,000 after buying an additional 300 shares during the period. Finally, First PREMIER Bank bought a new position in Alarm.com in the 1st quarter worth approximately $30,000. Institutional investors own 91.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Alarm.com from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 14th. William Blair raised Alarm.com to a “hold” rating in a report on Thursday, May 9th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.83.

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.