Alarm.com (NASDAQ:ALRM) Downgraded to “Buy” at StockNews.com

StockNews.com downgraded shares of Alarm.com (NASDAQ:ALRM) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

Several other research firms have also weighed in on ALRM. TheStreet upgraded shares of Alarm.com from a c+ rating to a b- rating in a research report on Friday, February 23rd. William Blair upgraded shares of Alarm.com to a hold rating in a research report on Thursday, May 9th. Barclays increased their target price on shares of 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, JPMorgan Chase & Co. increased their target price on shares of Alarm.com from $62.00 to $70.00 and gave the stock a neutral rating in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $68.83.

Alarm.com Stock Performance

NASDAQ ALRM opened at $61.75 on Friday. Alarm.com has a 1 year low of $48.01 and a 1 year high of $77.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.51 and a quick ratio of 5.03. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 3.04 and a beta of 0.88. The company has a fifty day moving average price of $66.30 and a 200-day moving average price of $66.27.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, May 9th. The software maker reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. The firm had revenue of $223.28 million during the quarter, compared to analyst estimates of $218.32 million. As a group, equities research analysts predict that Alarm.com will post 1.43 EPS for the current fiscal year.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 3,217 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 transaction of $225,190.00. Following the transaction, the chief executive officer now directly owns 234,449 shares in the company, valued at $16,411,430. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Daniel Ramos sold 1,418 shares of the firm’s 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 $99,260.00. Following the transaction, the insider now owns 38,282 shares in the company, valued at $2,679,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Trundle sold 3,217 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $225,190.00. Following the completion of the transaction, the chief executive officer now owns 234,449 shares in the company, valued at approximately $16,411,430. The disclosure for this sale can be found here. Insiders have sold 6,351 shares of company stock worth $444,570 over the last ninety days. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. EULAV Asset Management grew its holdings in shares of Alarm.com by 14.5% in the first quarter. EULAV Asset Management now owns 41,900 shares of the software maker’s stock worth $3,036,000 after purchasing an additional 5,300 shares during the last quarter. Janus Henderson Group PLC lifted its position in Alarm.com by 36.8% during the first quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock valued at $2,379,000 after buying an additional 8,843 shares during the period. Bayesian Capital Management LP purchased a new position in Alarm.com during the first quarter valued at $228,000. Price T Rowe Associates Inc. MD lifted its position in Alarm.com by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,950 shares of the software maker’s stock valued at $2,389,000 after buying an additional 1,755 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its position in Alarm.com by 5.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 42,775 shares of the software maker’s stock valued at $3,094,000 after buying an additional 2,134 shares during the period. Institutional investors 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.