Alarm.com (NASDAQ:ALRM) Downgraded by Zacks Investment Research

Alarm.com (NASDAQ:ALRMGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Alarm.com Holdings, Inc. offers interactive security solutions for home and business owners. The Company offers security systems which include image sensor, crash and smash protection, web control, mobile access and video monitoring. Alarm.com Holdings, Inc. is based in VIENNA, United States. “

Several other research analysts have also weighed in on the stock. TheStreet lowered shares of Alarm.com from a “b-” rating to a “c” rating in a research note on Thursday, March 10th. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, March 25th. Bank of America assumed coverage on shares of Alarm.com in a research note on Wednesday, April 20th. They set a “buy” rating and a $75.00 target price for the company. Raymond James lowered their target price on shares of 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, Barclays lowered their target price on shares of Alarm.com from $70.00 to $63.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $89.67.

Shares of ALRM traded up $1.76 during mid-day trading on Tuesday, reaching $57.77. The stock had a trading volume of 20,174 shares, compared to its average volume of 282,534. 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 has a 52-week low of $55.02 and a 52-week high of $94.45. The company has a fifty day moving average of $63.56. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 64.19, a price-to-earnings-growth ratio of 2.34 and a beta of 1.21.

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

In related news, insider Daniel Kerzner sold 2,612 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $67.84, for a total value of $177,198.08. Following the sale, the insider now owns 453,644 shares of the company’s stock, valued at $30,775,208.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Trundle sold 5,305 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $67.84, for a total transaction of $359,891.20. Following the completion of the sale, the chief executive officer now directly owns 204,539 shares in the company, valued at approximately $13,875,925.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,451 shares of company stock worth $776,836. 6.70% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of ALRM. Jarislowsky Fraser Ltd purchased a new position in Alarm.com in the 4th quarter valued at $42,835,000. Norges Bank purchased a new stake in shares of Alarm.com during the 4th quarter worth $42,348,000. FMR LLC boosted its position 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. Bares Capital Management Inc. boosted its position in shares of Alarm.com by 83.3% during the 3rd quarter. Bares Capital Management Inc. now owns 648,922 shares of the software maker’s stock worth $50,739,000 after purchasing an additional 294,822 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of Alarm.com by 7.6% during the 4th quarter. William Blair Investment Management LLC now owns 2,875,745 shares of the software maker’s stock worth $243,892,000 after purchasing an additional 202,964 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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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