Brokerages Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) Target Price at $64.67

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been given an average recommendation of “Moderate Buy” by the five research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $64.6667.

A number of research firms recently weighed in on ALRM. Zacks Research raised Alarm.com from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Barclays decreased their price objective on shares of Alarm.com from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a report on Thursday, October 30th.

Alarm.com Stock Down 1.5%

Alarm.com stock opened at $51.71 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.06 and a quick ratio of 1.92. The company’s 50-day moving average is $50.95 and its 200-day moving average is $54.78. The firm has a market capitalization of $2.58 billion, a PE ratio of 21.91, a P/E/G ratio of 2.00 and a beta of 1.06. Alarm.com has a fifty-two week low of $46.65 and a fifty-two week high of $70.06.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, November 6th. The software maker reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.14. The business had revenue of $256.40 million during the quarter, compared to analysts’ expectations of $251.14 million. Alarm.com had a return on equity of 14.26% and a net margin of 12.92%.Alarm.com’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $0.62 earnings per share. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. Sell-side analysts anticipate that Alarm.com will post 1.64 earnings per share for the current year.

Insider Activity at Alarm.com

In other news, CEO Stephen Trundle bought 10,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was bought at an average price of $48.07 per share, with a total value of $480,700.00. Following the completion of the acquisition, the chief executive officer owned 1,315,343 shares of the company’s stock, valued at $63,228,538.01. This represents a 0.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Daniel Kerzner sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $50.33, for a total transaction of $503,300.00. Following the completion of the sale, the insider directly owned 52,000 shares of the company’s stock, valued at approximately $2,617,160. The trade was a 16.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have purchased 26,000 shares of company stock valued at $1,257,321. 5.80% of the stock is currently owned by insiders.

Institutional Trading of Alarm.com

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Bancorp USA Inc. acquired a new position in shares of Alarm.com during the 3rd quarter worth approximately $270,000. Centaurus Financial Inc. boosted its stake in shares of Alarm.com by 0.9% in the third quarter. Centaurus Financial Inc. now owns 263,224 shares of the software maker’s stock valued at $13,972,000 after buying an additional 2,343 shares during the period. Woodline Partners LP acquired a new stake in Alarm.com during the third quarter worth approximately $749,000. Public Employees Retirement System of Ohio raised its holdings in Alarm.com by 33.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 76,891 shares of the software maker’s stock valued at $4,081,000 after acquiring an additional 19,268 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its position in shares of Alarm.com by 3.6% during the 3rd quarter. Nomura Holdings Inc. now owns 288,487 shares of the software maker’s stock valued at $15,313,000 after acquiring an additional 10,152 shares during the period. 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.