Short Interest in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Grows By 21.8%

Alarm.com Holdings, Inc. (NASDAQ:ALRM) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 2,740,000 shares, an increase of 21.8% from the June 30th total of 2,250,000 shares. Currently, 5.8% of the company’s stock are sold short. Based on an average daily volume of 469,600 shares, the short-interest ratio is currently 5.8 days.

Wall Street Analyst Weigh In

ALRM has been the topic of a number of recent analyst reports. StockNews.com downgraded Alarm.com from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 18th. William Blair raised Alarm.com to a “hold” rating in a research report on Thursday, May 9th. Finally, Barclays reduced their price target on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.83.

Alarm.com Price Performance

Shares of ALRM opened at $70.19 on Tuesday. The firm has a market capitalization of $3.52 billion, a PE ratio of 41.53, a price-to-earnings-growth ratio of 3.42 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.51 and a quick ratio of 5.03. Alarm.com has a 1-year low of $48.61 and a 1-year high of $77.29. The company’s fifty day moving average price is $64.95 and its 200-day moving average price is $67.22.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, May 9th. The software maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. The company had revenue of $223.28 million for the quarter, compared to analyst estimates of $218.32 million. On average, equities research analysts predict that Alarm.com will post 1.43 EPS for the current year.

Institutional Investors Weigh In On Alarm.com

Several hedge funds have recently added to or reduced their stakes in the business. First PREMIER Bank purchased a new stake in shares of Alarm.com during the 1st quarter worth about $30,000. GAMMA Investing LLC acquired a new position in shares of Alarm.com during the 4th quarter worth about $31,000. Pacer Advisors Inc. acquired a new position in shares of Alarm.com during the 4th quarter worth about $39,000. YHB Investment Advisors Inc. acquired a new position in shares of Alarm.com during the 1st quarter worth about $56,000. Finally, CWM LLC raised its position in shares of Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after purchasing an additional 618 shares during the last quarter. 91.74% of the stock is 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.