Alarm.com (NASDAQ:ALRM) Earns “Hold (C)” Rating from Weiss Ratings

Alarm.com (NASDAQ:ALRM)‘s stock had its “hold (c)” rating reiterated by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research upgraded shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $62.60.

Alarm.com Trading Up 0.8%

Shares of Alarm.com stock opened at $52.23 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.82 and a debt-to-equity ratio of 0.61. Alarm.com has a 12-month low of $48.23 and a 12-month high of $70.06. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 2.58 and a beta of 1.04. The firm’s 50 day simple moving average is $55.33 and its two-hundred day simple moving average is $55.46.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Alarm.com had a net margin of 13.27% and a return on equity of 13.84%. The business had revenue of $254.31 million for the quarter, compared to analyst estimates of $243.96 million. During the same quarter in the prior year, the business posted $0.58 EPS. Alarm.com’s revenue for the quarter was up 8.8% compared to the same quarter last year. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. Analysts predict that Alarm.com will post 1.64 EPS for the current year.

Institutional Trading of Alarm.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALRM. Norges Bank acquired a new stake in Alarm.com during the second quarter valued at $33,459,000. Nuveen LLC acquired a new stake in Alarm.com during the first quarter valued at $21,584,000. Public Sector Pension Investment Board grew its position in Alarm.com by 152.1% during the first quarter. Public Sector Pension Investment Board now owns 310,588 shares of the software maker’s stock valued at $17,284,000 after buying an additional 187,398 shares during the period. Burgundy Asset Management Ltd. grew its position in Alarm.com by 26.3% during the first quarter. Burgundy Asset Management Ltd. now owns 882,351 shares of the software maker’s stock valued at $49,103,000 after buying an additional 183,503 shares during the period. Finally, Select Equity Group L.P. grew its position in Alarm.com by 587.4% during the first quarter. Select Equity Group L.P. now owns 200,434 shares of the software maker’s stock valued at $11,154,000 after buying an additional 171,274 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

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.