Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives $70.67 Average Price Target from Analysts

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been assigned an average rating of “Hold” from the four research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $70.67.

ALRM has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Alarm.com from a “buy” rating to a “hold” rating in a research note on Thursday. William Blair raised Alarm.com to a “hold” rating in a research report on Thursday, May 9th. Finally, Barclays lowered their price target on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, July 11th.

Alarm.com Trading Down 0.6 %

Shares of Alarm.com stock opened at $57.88 on Friday. Alarm.com has a fifty-two week low of $49.70 and a fifty-two week high of $77.29. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 34.25, a PEG ratio of 3.59 and a beta of 0.92. The stock has a 50 day moving average of $63.73 and a 200 day moving average of $66.77.

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

Insiders Place Their Bets

In other news, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the transaction, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. 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 company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now owns 37,500 shares in the company, valued at $2,260,125. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alarm.com

A number of hedge funds and other institutional investors have recently modified their holdings of ALRM. First PREMIER Bank acquired a new position in shares of Alarm.com during the first quarter worth $30,000. GAMMA Investing LLC acquired a new position in shares of Alarm.com during the 4th quarter worth about $31,000. YHB Investment Advisors Inc. purchased a new position in shares of Alarm.com in the 1st quarter valued at about $56,000. Point72 DIFC Ltd increased its holdings in shares of Alarm.com by 293.6% in the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after acquiring an additional 1,101 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Alarm.com during the second quarter worth approximately $108,000. 91.74% of the stock is currently 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.