Alarm.com (NASDAQ:ALRM) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Alarm.com (NASDAQ:ALRMGet Rating) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

ALRM has been the topic of a number of other research reports. Raymond James decreased their price target on shares of Alarm.com from $120.00 to $85.00 and set a strong-buy rating on the stock in a report on Friday, February 25th. Zacks Investment Research lowered shares of Alarm.com from a hold rating to a sell rating in a research note on Tuesday. Barclays dropped their target price on shares of Alarm.com from $70.00 to $63.00 in a report on Monday. TheStreet downgraded shares of Alarm.com from a b- rating to a c rating in a report on Thursday, March 10th. Finally, Bank of America assumed coverage on shares of Alarm.com in a research report on Wednesday, April 20th. They set a buy rating and a $75.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Alarm.com has an average rating of Buy and an average target price of $89.67.

ALRM opened at $55.67 on Wednesday. Alarm.com has a one year low of $55.02 and a one year high of $94.45. The stock has a market capitalization of $2.79 billion, a PE ratio of 61.86, a P/E/G ratio of 2.34 and a beta of 1.21. The business’s 50 day moving average price is $63.11 and its 200 day moving average price is $72.72. 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 announced its earnings results 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. The company had revenue of $205.40 million for the quarter, compared to analyst estimates of $192.02 million. Alarm.com had a return on equity of 11.56% and a net margin of 5.95%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 earnings per share. As a group, equities research analysts forecast that Alarm.com will post 1.22 earnings per share for the current fiscal year.

In related news, VP Daniel Ramos sold 1,998 shares of the firm’s stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $67.84, for a total transaction of $135,544.32. Following the transaction, the vice president now directly owns 32,502 shares of the company’s stock, valued at $2,204,935.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephen Trundle sold 5,305 shares of the firm’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $67.84, for a total transaction of $359,891.20. Following the transaction, the chief executive officer now directly owns 204,539 shares in the company, valued at $13,875,925.76. The disclosure for this sale can be found here. Insiders have sold 11,451 shares of company stock valued at $776,836 in the last 90 days. 6.70% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Mascoma Wealth Management LLC bought a new position in Alarm.com during the 1st quarter worth approximately $28,000. GHP Investment Advisors Inc. bought a new stake in shares of Alarm.com in the 1st quarter valued at $38,000. Bell Investment Advisors Inc bought a new stake in Alarm.com during the 3rd quarter valued at $49,000. First Horizon Advisors Inc. increased its stake in Alarm.com by 9,583.3% during the 4th quarter. First Horizon Advisors Inc. now owns 581 shares of the software maker’s stock valued at $49,000 after purchasing an additional 575 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Alarm.com by 1,420.0% during the 4th quarter. Parallel Advisors LLC now owns 608 shares of the software maker’s stock valued at $52,000 after purchasing an additional 568 shares in the last quarter. Institutional investors and hedge funds 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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