Alarm.com (NASDAQ:ALRM) Rating Increased to Buy at StockNews.com

Alarm.com (NASDAQ:ALRM) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

ALRM has been the topic of a number of other reports. The Goldman Sachs Group started coverage on shares of Alarm.com in a research report on Friday, September 6th. They set a “neutral” rating and a $64.00 target price on the stock. Barclays lowered their price objective on shares of Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Alarm.com presently has an average rating of “Hold” and an average price target of $69.00.

Alarm.com Trading Up 2.3 %

NASDAQ ALRM opened at $55.25 on Friday. The firm’s fifty day moving average price is $62.64 and its 200 day moving average price is $66.10. Alarm.com has a 12 month low of $49.70 and a 12 month high of $77.29. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 3.26 and a beta of 0.90.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, August 8th. The software maker reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. On average, sell-side analysts expect that Alarm.com will post 1.4 earnings per share for the current fiscal year.

Insider Activity at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,260,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,260,125. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Alarm.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker’s stock worth $426,190,000 after acquiring an additional 63,653 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of Alarm.com by 6.2% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker’s stock worth $172,257,000 after purchasing an additional 158,465 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Alarm.com by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock valued at $73,889,000 after buying an additional 42,281 shares in the last quarter. Norges Bank acquired a new stake in Alarm.com during the 4th quarter valued at $33,277,000. Finally, Charles Schwab Investment Management Inc. increased its position in Alarm.com by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 474,664 shares of the software maker’s stock worth $30,673,000 after buying an additional 4,918 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

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.