Barclays Issues Positive Forecast for Alarm.com (NASDAQ:ALRM) Stock Price

Alarm.com (NASDAQ:ALRM) had its price objective boosted by Barclays from $60.00 to $67.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the software maker’s stock.

Several other analysts have also recently issued reports on the company. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Jefferies Financial Group started coverage on Alarm.com in a research note on Tuesday. They issued a “buy” rating and a $65.00 target price on the stock. Roth Mkm cut their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group raised their target price on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Alarm.com has an average rating of “Hold” and a consensus target price of $68.40.

Alarm.com Trading Up 11.1 %

NASDAQ ALRM traded up $6.37 during trading on Friday, hitting $63.51. 903,716 shares of the company’s stock traded hands, compared to its average volume of 370,904. The stock has a fifty day moving average of $54.81 and a two-hundred day moving average of $61.38. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. Alarm.com has a 12-month low of $51.19 and a 12-month high of $77.29. The firm has a market cap of $3.13 billion, a P/E ratio of 27.49, a PEG ratio of 3.25 and a beta of 0.90.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results 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 net margin of 11.92% and a return on equity of 13.00%. The business had revenue of $233.80 million during the quarter, compared to analyst estimates of $227.35 million. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Alarm.com will post 1.4 EPS for the current year.

Insiders Place Their Bets

In other Alarm.com news, 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 directly owns 37,500 shares in the company, valued at $2,260,125. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Alarm.com news, 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 directly owns 37,500 shares in the company, valued at $2,260,125. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. This trade 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 currently owned by company insiders.

Hedge Funds Weigh In On Alarm.com

Several large investors have recently made changes to their positions in ALRM. Oakworth Capital Inc. purchased a new position in shares of Alarm.com during the third quarter valued at approximately $38,000. Huntington National Bank raised its holdings in Alarm.com by 52.4% in the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after acquiring an additional 367 shares during the last quarter. Point72 DIFC Ltd raised its holdings in Alarm.com by 293.6% in the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after acquiring an additional 1,101 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Alarm.com in the 2nd quarter worth approximately $108,000. Finally, CWM LLC raised its holdings in Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after acquiring an additional 618 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

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.