Alarm.com Holdings, Inc. (NASDAQ:ALRM) Given Average Recommendation of “Moderate Buy” by Analysts

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $67.83.

A number of research firms recently commented on ALRM. Barclays dropped their price target on shares of Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, July 11th. StockNews.com upgraded Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Finally, William Blair upgraded Alarm.com to a “hold” rating in a report on Thursday, May 9th.

Alarm.com Trading Up 1.9 %

Shares of NASDAQ ALRM opened at $66.95 on Thursday. Alarm.com has a 1-year low of $48.61 and a 1-year high of $77.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.51 and a quick ratio of 5.03. The business’s 50 day moving average is $65.01 and its two-hundred day moving average is $66.77. The stock has a market capitalization of $3.36 billion, a P/E ratio of 39.62, a PEG ratio of 3.24 and a beta of 0.92.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, May 9th. The software maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $223.28 million for the quarter, compared to the consensus estimate of $218.32 million. Alarm.com had a return on equity of 12.14% and a net margin of 10.08%. As a group, research analysts expect that Alarm.com will post 1.43 EPS for the current year.

Institutional Investors Weigh In On Alarm.com

Hedge funds have recently made changes to their positions in the company. First PREMIER Bank bought a new stake in shares of Alarm.com in the first quarter valued at about $30,000. GAMMA Investing LLC purchased a new stake in shares of Alarm.com in the 4th quarter worth approximately $31,000. Pacer Advisors Inc. bought a new position in shares of Alarm.com during the fourth quarter valued at approximately $39,000. YHB Investment Advisors Inc. purchased a new position in Alarm.com during the first quarter valued at approximately $56,000. Finally, CWM LLC raised its stake 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 hedge funds and other institutional investors.

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.