Alarm.com (NASDAQ:ALRM) Releases FY22 Earnings Guidance

Alarm.com (NASDAQ:ALRMGet Rating) updated its FY22 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.87-1.88 for the period, compared to the consensus estimate of $1.89. The company issued revenue guidance of $822.7-853.3 million, compared to the consensus revenue estimate of $815.42 million.

Several equities research analysts recently issued reports on the company. Barclays cut their price objective on Alarm.com from $77.00 to $70.00 and set an equal weight rating on the stock in a report on Tuesday, April 12th. StockNews.com upgraded Alarm.com from a hold rating to a buy rating in a report on Friday, March 25th. Zacks Investment Research cut Alarm.com from a hold rating to a sell rating in a research note on Monday, February 28th. Raymond James lowered their target price on Alarm.com from $120.00 to $85.00 and set a strong-buy rating for the company in a research note on Friday, February 25th. Finally, Bank of America started coverage on Alarm.com in a research note on Wednesday, April 20th. They set a buy rating and a $75.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alarm.com currently has a consensus rating of Buy and a consensus target price of $90.83.

Shares of NASDAQ:ALRM traded down $3.13 on Friday, hitting $57.03. 404,254 shares of the company’s stock were exchanged, compared to its average volume of 314,085. The firm’s 50-day moving average is $63.76 and its 200 day moving average is $73.27. The company has a market capitalization of $2.86 billion, a PE ratio of 63.37, a P/E/G ratio of 2.63 and a beta of 1.21. Alarm.com has a 1-year low of $56.32 and a 1-year high of $94.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 6.51 and a current ratio of 7.09.

Alarm.com (NASDAQ:ALRMGet Rating) last released its quarterly earnings data on Thursday, May 5th. The software maker reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. The business had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $192.02 million. Alarm.com had a return on equity of 12.94% and a net margin of 6.98%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. On average, analysts anticipate that Alarm.com will post 1.22 EPS for the current fiscal year.

In related news, VP Daniel Ramos sold 1,998 shares of the company’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $67.84, for a total value of $135,544.32. Following the completion of the sale, the vice president now directly owns 32,502 shares of the company’s stock, valued at approximately $2,204,935.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel Kerzner sold 2,612 shares of the company’s stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $67.84, for a total value of $177,198.08. Following the completion of the sale, the insider now directly owns 453,644 shares of the company’s stock, valued at $30,775,208.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,451 shares of company stock valued at $776,836. Insiders own 6.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Alarm.com by 1.4% during the 4th quarter. BlackRock Inc. now owns 7,661,269 shares of the software maker’s stock valued at $649,751,000 after acquiring an additional 109,416 shares during the last quarter. Wells Fargo & Company MN raised its stake in Alarm.com by 11.0% during the 4th quarter. Wells Fargo & Company MN now owns 82,002 shares of the software maker’s stock valued at $6,954,000 after acquiring an additional 8,136 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Alarm.com by 32.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 179,438 shares of the software maker’s stock valued at $15,218,000 after acquiring an additional 43,719 shares during the last quarter. California State Teachers Retirement System raised its stake in Alarm.com by 2.4% during the 4th quarter. California State Teachers Retirement System now owns 65,893 shares of the software maker’s stock valued at $5,588,000 after acquiring an additional 1,531 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Alarm.com by 6.6% during the 4th quarter. Parametric Portfolio Associates LLC now owns 115,653 shares of the software maker’s stock valued at $9,808,000 after acquiring an additional 7,155 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

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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