Alarm.com (NASDAQ:ALRM) Cut to “Hold” at StockNews.com

Alarm.com (NASDAQ:ALRM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Several other equities research analysts also recently weighed in on the company. Roth Mkm decreased their target price 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. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 price target (down from $65.00) on shares of Alarm.com in a research report on Monday. Jefferies Financial Group assumed coverage on Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective for the company. The Goldman Sachs Group increased their price target on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Barclays increased their price target on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $64.40.

Alarm.com Price Performance

ALRM stock traded down $2.14 during midday trading on Monday, hitting $61.37. 656,285 shares of the stock were exchanged, compared to its average volume of 344,385. The stock’s 50-day moving average price is $54.85 and its 200-day moving average price is $61.29. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 3.81 and a beta of 0.90. Alarm.com has a fifty-two week low of $51.87 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.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, August 8th. The software maker reported $0.58 EPS for the quarter, beating the consensus estimate of $0.49 by $0.09. Alarm.com had a return on equity of 13.79% and a net margin of 13.54%. The firm 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 firm posted $0.33 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts predict that Alarm.com will post 1.41 earnings per share for the current year.

Insider Buying and Selling

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction on Friday, August 23rd. The shares were 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 approximately $2,540,391. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction 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 approximately $2,260,125. The trade was 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 corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Landscape Capital Management L.L.C. raised its stake in shares of Alarm.com by 122.9% during the third quarter. Landscape Capital Management L.L.C. now owns 18,342 shares of the software maker’s stock valued at $1,003,000 after acquiring an additional 10,114 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Alarm.com in the 3rd quarter worth $811,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Alarm.com by 26.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,394 shares of the software maker’s stock worth $9,151,000 after purchasing an additional 35,491 shares in the last quarter. Jennison Associates LLC lifted its stake in Alarm.com by 75.2% during the 3rd quarter. Jennison Associates LLC now owns 13,118 shares of the software maker’s stock valued at $717,000 after acquiring an additional 5,632 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Alarm.com by 2.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 42,635 shares of the software maker’s stock valued at $2,330,000 after acquiring an additional 971 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

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.