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

StockNews.com upgraded shares of Alarm.com (NASDAQ:ALRM) from a hold rating to a buy rating in a report released on Monday.

A number of other equities research analysts have also issued reports on the company. Roth Mkm dropped their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. The Goldman Sachs Group upped their price target on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Barclays upped their price target on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group assumed coverage on Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Alarm.com presently has a consensus rating of “Hold” and a consensus target price of $64.40.

Alarm.com Price Performance

NASDAQ:ALRM opened at $64.17 on Monday. Alarm.com has a 12 month low of $51.87 and a 12 month high of $77.29. The stock has a 50 day moving average of $56.09 and a two-hundred day moving average of $60.76. 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 market cap of $3.17 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 3.88 and a beta of 0.90.

Insider Activity at Alarm.com

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the transaction, the director now directly owns 5,767 shares in the company, valued at $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of Alarm.com in the first quarter valued at $284,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Alarm.com by 5.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 42,775 shares of the software maker’s stock valued at $3,094,000 after acquiring an additional 2,134 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Alarm.com by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,950 shares of the software maker’s stock valued at $2,389,000 after acquiring an additional 1,755 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Alarm.com in the first quarter valued at $228,000. Finally, Janus Henderson Group PLC raised its stake in shares of Alarm.com by 36.8% in the first quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock valued at $2,379,000 after acquiring an additional 8,843 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

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.