Alarm.com Holdings, Inc. (NASDAQ:ALRM) Given Consensus Rating of “Hold” by Analysts

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has earned an average recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $66.75.

Several analysts recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of Alarm.com in a research report on Friday, September 6th. They set a “neutral” rating and a $64.00 price objective on the stock. Barclays reduced their price target on shares of Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, Roth Mkm cut their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th.

Insider Buying and Selling

In other 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 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were 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 $2,260,125. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Alarm.com

Several large investors have recently added to or reduced their stakes in ALRM. First PREMIER Bank purchased a new position in shares of Alarm.com during the 1st quarter worth $30,000. Oakworth Capital Inc. bought a new position in Alarm.com in the 3rd quarter worth $38,000. Point72 DIFC Ltd lifted its position in Alarm.com by 293.6% during the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after purchasing an additional 1,101 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Alarm.com during the second quarter valued at about $108,000. Finally, CWM LLC increased its position in Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after buying an additional 618 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Price Performance

ALRM stock opened at $53.80 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25. The firm has a 50 day moving average price of $55.77 and a 200-day moving average price of $62.26. Alarm.com has a 52-week low of $49.70 and a 52-week high of $77.29. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 3.22 and a beta of 0.90.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The business had revenue of $233.80 million during the quarter, compared to analysts’ expectations of $227.35 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts forecast that Alarm.com will post 1.4 EPS for the current fiscal year.

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.