Alarm.com Holdings, Inc. (NASDAQ:ALRM) Given Consensus Rating of “Hold” by Analysts

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been given a consensus rating of “Hold” by the five brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $69.00.

Several equities research analysts recently issued reports on the company. Barclays dropped their price objective on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, July 11th. The Goldman Sachs Group assumed coverage on Alarm.com in a research note on Friday, September 6th. They set a “neutral” rating and a $64.00 price objective for the company. Finally, StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th.

Insiders Place Their Bets

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,260,125. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the transaction, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. First PREMIER Bank purchased a new position in shares of Alarm.com in the first quarter worth about $30,000. YHB Investment Advisors Inc. purchased a new position in Alarm.com during the 1st quarter valued at about $56,000. Point72 DIFC Ltd increased its holdings in Alarm.com by 293.6% during the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after purchasing an additional 1,101 shares during the period. Canada Pension Plan Investment Board purchased a new position in Alarm.com during the 2nd quarter valued at about $108,000. Finally, CWM LLC increased its holdings in Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after purchasing an additional 618 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Price Performance

Alarm.com stock opened at $55.33 on Tuesday. Alarm.com has a one year low of $49.70 and a one year high of $77.29. The business has a fifty day moving average price of $60.27 and a 200-day moving average price of $64.64. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. The firm has a market capitalization of $2.78 billion, a P/E ratio of 32.74, a PEG ratio of 3.38 and a beta of 0.90.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.09. The company had revenue of $233.80 million during the quarter, compared to analyst estimates of $227.35 million. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. As a group, equities research analysts forecast that Alarm.com will post 1.4 EPS 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.