Alarm.com (NASDAQ:ALRM) Issues FY 2022 Earnings Guidance

Alarm.com (NASDAQ:ALRMGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $1.87-$1.88 for the period, compared to the consensus EPS estimate of $1.89. The company issued revenue guidance of $822.70 million-$853.30 million, compared to the consensus revenue estimate of $815.19 million.

Shares of Alarm.com stock traded down $0.97 on Monday, reaching $56.06. 3,104 shares of the stock were exchanged, compared to its average volume of 282,857. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 62.31, a PEG ratio of 2.34 and a beta of 1.21. The company has a debt-to-equity ratio of 0.69, a quick ratio of 6.51 and a current ratio of 7.09. The firm’s 50 day simple moving average is $63.76. Alarm.com has a one year low of $56.32 and a one year high of $94.45.

Alarm.com (NASDAQ:ALRMGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The software maker reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. The business had revenue of $205.40 million during the quarter, compared to the consensus estimate of $192.02 million. Alarm.com had a net margin of 5.95% and a return on equity of 11.56%. The firm’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. As a group, research analysts predict that Alarm.com will post 1.22 earnings per share for the current fiscal year.

ALRM has been the subject of several research reports. Zacks Investment Research downgraded shares of Alarm.com from a hold rating to a sell rating in a research note on Monday, February 28th. Bank of America assumed coverage on shares of Alarm.com in a research report on Wednesday, April 20th. They issued a buy rating and a $75.00 price target for the company. StockNews.com upgraded shares of Alarm.com from a hold rating to a buy rating in a research report on Friday, March 25th. Raymond James decreased their price target on shares of Alarm.com from $120.00 to $85.00 and set a strong-buy rating for the company in a research report on Friday, February 25th. Finally, Barclays decreased their price target on shares of Alarm.com from $70.00 to $63.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of $89.67.

In other Alarm.com news, VP Daniel Ramos sold 1,998 shares of the stock in a transaction on Monday, April 4th. The stock was sold at an average price of $67.84, for a total transaction of $135,544.32. Following the sale, the vice president now owns 32,502 shares in the company, valued at $2,204,935.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Steve Valenzuela sold 1,536 shares of the stock in a transaction on Monday, April 4th. The stock was sold at an average price of $67.84, for a total value of $104,202.24. Following the completion of the sale, the chief financial officer now owns 31,503 shares in the company, valued at approximately $2,137,163.52. The disclosure for this sale can be found here. Insiders sold 11,451 shares of company stock valued at $776,836 over the last 90 days. Corporate insiders own 6.70% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of ALRM. MML Investors Services LLC raised its holdings in shares of Alarm.com by 13.3% during the fourth quarter. MML Investors Services LLC now owns 3,580 shares of the software maker’s stock valued at $304,000 after acquiring an additional 419 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Alarm.com by 13.2% during the fourth quarter. Stifel Financial Corp now owns 5,627 shares of the software maker’s stock valued at $478,000 after acquiring an additional 656 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Alarm.com by 147.4% during the fourth quarter. Squarepoint Ops LLC now owns 11,964 shares of the software maker’s stock valued at $1,015,000 after buying an additional 7,129 shares during the last quarter. Glenmede Trust Co. NA grew its stake in shares of Alarm.com by 9.8% during the 4th quarter. Glenmede Trust Co. NA now owns 14,523 shares of the software maker’s stock valued at $1,230,000 after purchasing an additional 1,297 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in Alarm.com by 1.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 37,480 shares of the software maker’s stock valued at $3,179,000 after buying an additional 370 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

About Alarm.com (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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