Alarm.com (NASDAQ:ALRM) PT Lowered to $73.00

Alarm.com (NASDAQ:ALRM) had its price target dropped by stock analysts at Roth Mkm from $78.00 to $73.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Roth Mkm’s target price points to a potential upside of 36.88% from the company’s current price.

Several other brokerages have also issued reports on ALRM. Barclays lowered their target price on Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, The Goldman Sachs Group assumed coverage on Alarm.com in a report on Friday, September 6th. They issued a “neutral” rating and a $64.00 target price on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $66.75.

Alarm.com Trading Down 0.2 %

Shares of ALRM stock opened at $53.33 on Wednesday. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $2.68 billion, a P/E ratio of 31.56, a P/E/G ratio of 3.38 and a beta of 0.90. Alarm.com has a twelve month low of $49.70 and a twelve month high of $77.29. The stock’s fifty day simple moving average is $57.38 and its 200 day simple moving average is $63.43.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.09. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The company had revenue of $233.80 million during the quarter, compared to the consensus estimate of $227.35 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Alarm.com will post 1.4 EPS for the current fiscal year.

Insider Activity at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,260,125. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the transaction, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction dated 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 owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. First PREMIER Bank acquired a new position in shares of Alarm.com during the first quarter worth approximately $30,000. Point72 DIFC Ltd increased its stake in Alarm.com by 293.6% during the 2nd 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 acquired a new position in Alarm.com during the second quarter worth $108,000. CWM LLC lifted its stake in shares of Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after buying an additional 618 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after buying an additional 183 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

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.