Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives Consensus Rating of “Buy” from Brokerages

Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Rating) has been given a consensus rating of “Buy” by the nine research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $97.00.

ALRM has been the topic of a number of research analyst reports. Barclays cut their target price on Alarm.com from $77.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Tuesday. TheStreet lowered Alarm.com from a “b-” rating to a “c” rating in a research report on Thursday, March 10th. Roth Capital dropped their price target on shares of Alarm.com from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, December 28th. Zacks Investment Research downgraded shares of Alarm.com from a “hold” rating to a “sell” rating in a research note on Monday, February 28th. Finally, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, March 25th.

In related news, insider Daniel Kerzner sold 2,612 shares of the business’s stock in a transaction on Monday, April 4th. The shares were sold at an average price of $67.84, for a total transaction of $177,198.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steve Valenzuela sold 1,536 shares of the business’s stock in a transaction on Monday, April 4th. The shares were sold at an average price of $67.84, for a total transaction of $104,202.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,338 shares of company stock valued at $841,676. Insiders own 6.70% of the company’s stock.

Several large investors have recently made changes to their positions in ALRM. FMR LLC increased its stake in shares of Alarm.com by 323,590.2% during the 1st quarter. FMR LLC now owns 297,795 shares of the software maker’s stock worth $19,327,000 after purchasing an additional 297,703 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Alarm.com by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 180,738 shares of the software maker’s stock worth $14,132,000 after buying an additional 3,227 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Alarm.com by 7.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 34,042 shares of the software maker’s stock worth $2,662,000 after purchasing an additional 2,454 shares during the last quarter. Davy Global Fund Management Ltd increased its position in shares of Alarm.com by 8.7% in the 3rd quarter. Davy Global Fund Management Ltd now owns 17,274 shares of the software maker’s stock worth $1,351,000 after purchasing an additional 1,386 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in shares of Alarm.com by 0.6% during the 3rd quarter. Texas Permanent School Fund now owns 33,962 shares of the software maker’s stock valued at $2,655,000 after buying an additional 218 shares during the last quarter. 91.01% of the stock is owned by institutional investors and hedge funds.

Shares of ALRM stock traded up $0.62 during trading on Friday, hitting $61.81. 7,532 shares of the stock traded hands, compared to its average volume of 264,984. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 61.05, a P/E/G ratio of 2.52 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 7.09 and a quick ratio of 6.51. The firm’s fifty day moving average price is $67.01. Alarm.com has a 52-week low of $60.36 and a 52-week high of $95.83.

Alarm.com (NASDAQ:ALRMGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The software maker reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.11. The firm had revenue of $195.30 million for the quarter, compared to analyst estimates of $174.52 million. Alarm.com had a net margin of 6.98% and a return on equity of 12.94%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. On average, equities analysts forecast that Alarm.com will post 1.22 earnings per share for the current year.

Alarm.com Company Profile (Get Rating)

Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. It operates in two segments, Alarm.com and Other. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, Internet of Things, thermostats, and video cameras; and video monitoring solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, continuous high definition recording, and commercial video surveillance solutions.

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Analyst Recommendations for Alarm.com (NASDAQ:ALRM)

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