Brokerages Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) Target Price at $64.40

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have been given a consensus rating of “Hold” by the six ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $64.40.

ALRM has been the topic of a number of recent research reports. Jefferies Financial Group started coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 price target (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Barclays boosted their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

Alarm.com Stock Performance

Shares of ALRM opened at $59.55 on Friday. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The firm has a fifty day simple moving average of $61.91 and a 200 day simple moving average of $59.58. Alarm.com has a 12 month low of $51.87 and a 12 month high of $77.29. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 3.65 and a beta of 0.98.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). The company had revenue of $242.24 million during the quarter, compared to the consensus estimate of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.74%. Research analysts forecast that Alarm.com will post 1.64 EPS for the current fiscal year.

Insider Buying and Selling at Alarm.com

In related news, 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 value of $3,238,550.00. Following the completion of the sale, the chief executive officer now owns 252,682 shares of the company’s stock, valued at $17,227,858.76. This trade represents a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel Kerzner sold 32,851 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was 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. The trade was a 35.51 % decrease in their position. 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

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Alarm.com by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker’s stock worth $383,091,000 after buying an additional 68,907 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of Alarm.com by 6.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock valued at $157,168,000 after acquiring an additional 163,851 shares during the period. Geneva Capital Management LLC lifted its holdings in Alarm.com by 0.8% in the 3rd quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker’s stock worth $71,480,000 after purchasing an additional 10,630 shares in the last quarter. Northern Trust Corp lifted its holdings in Alarm.com by 1.5% in the 4th quarter. Northern Trust Corp now owns 704,309 shares of the software maker’s stock worth $42,822,000 after purchasing an additional 10,674 shares in the last quarter. Finally, Burgundy Asset Management Ltd. purchased a new position in Alarm.com in the 4th quarter worth approximately $42,490,000. Hedge funds and other 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.