Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives Average Rating of “Moderate Buy” from Analysts

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $68.83.

A number of analysts have issued reports on the stock. TheStreet upgraded shares of Alarm.com from a “c+” rating to a “b-” rating in a research note on Friday, February 23rd. Roth Mkm boosted their price objective on Alarm.com from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. boosted their price objective on Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Barclays boosted their price objective on Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Finally, StockNews.com raised Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th.

Insider Activity at Alarm.com

In related news, insider Daniel Kerzner sold 28,433 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total value of $1,989,741.34. Following the completion of the transaction, the insider now directly owns 57,351 shares of the company’s stock, valued at $4,013,422.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Daniel Kerzner sold 28,433 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total value of $1,989,741.34. Following the completion of the transaction, the insider now directly owns 57,351 shares of the company’s stock, valued at $4,013,422.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 1,716 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total value of $120,120.00. Following the completion of the sale, the chief financial officer now directly owns 35,784 shares of the company’s stock, valued at $2,504,880. The disclosure for this sale can be found here. Insiders sold 111,532 shares of company stock valued at $8,116,333 over the last three months. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alarm.com

Several large investors have recently modified their holdings of ALRM. Evanson Asset Management LLC boosted its holdings in shares of Alarm.com by 249.4% in the third quarter. Evanson Asset Management LLC now owns 194,525 shares of the software maker’s stock valued at $11,893,000 after acquiring an additional 138,850 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Alarm.com by 1.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,121 shares of the software maker’s stock valued at $1,047,000 after acquiring an additional 188 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Alarm.com by 12.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,293 shares of the software maker’s stock valued at $629,000 after acquiring an additional 1,162 shares during the period. Strs Ohio raised its stake in shares of Alarm.com by 500.0% during the third quarter. Strs Ohio now owns 1,800 shares of the software maker’s stock worth $110,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of Alarm.com by 44.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 9,952 shares of the software maker’s stock worth $608,000 after purchasing an additional 3,078 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Stock Up 1.1 %

Shares of ALRM opened at $65.97 on Friday. The company has a current ratio of 5.46, a quick ratio of 4.91 and a debt-to-equity ratio of 0.72. The firm has a market cap of $3.31 billion, a P/E ratio of 43.12, a price-to-earnings-growth ratio of 3.73 and a beta of 0.94. The company’s 50-day moving average price is $70.99 and its 200 day moving average price is $63.39. Alarm.com has a 12-month low of $44.92 and a 12-month high of $77.29.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $226.20 million for the quarter, compared to analysts’ expectations of $224.93 million. Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. On average, sell-side analysts forecast that Alarm.com will post 1.39 earnings per share for the current year.

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.