Alarm.com (NASDAQ:ALRM) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Alarm.com (NASDAQ:ALRM) from a hold rating to a buy rating in a research report report published on Monday morning.

ALRM has been the topic of several other reports. Barclays increased their price target on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Jefferies Financial Group initiated coverage on shares of 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 target price on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Finally, Roth Mkm lowered their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Alarm.com presently has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Trading Down 0.6 %

NASDAQ ALRM opened at $64.17 on Monday. The company has a 50 day moving average price of $56.31 and a 200 day moving average price of $60.79. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. Alarm.com has a 52 week low of $51.87 and a 52 week high of $77.29. The firm has a market cap of $3.17 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 3.88 and a beta of 0.90.

Insider Activity

In other news, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the sale, the director now directly owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

Hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its position in shares of Alarm.com by 230.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock worth $20,844,000 after buying an additional 265,936 shares in the last quarter. Bank of Montreal Can raised its holdings in Alarm.com by 2,394.6% in the second quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock valued at $17,406,000 after buying an additional 262,757 shares during the period. M&G PLC acquired a new position in shares of Alarm.com during the third quarter worth about $9,583,000. Disciplined Growth Investors Inc. MN boosted its position in shares of Alarm.com by 6.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after buying an additional 163,851 shares during the period. Finally, Federated Hermes Inc. lifted its position in Alarm.com by 1,729.4% during the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock worth $7,512,000 after acquiring an additional 111,768 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

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.