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

Alarm.com (NASDAQ:ALRMGet Rating) updated its FY 2022 earnings guidance on Monday. 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 $822.70 million-$853.30 million, compared to the consensus revenue estimate of $815.19 million.

Several analysts recently weighed in on the company. StockNews.com downgraded Alarm.com from a buy rating to a hold rating in a research note on Wednesday, May 11th. Zacks Investment Research cut Alarm.com from a hold rating to a sell rating in a research report on Tuesday, May 10th. Barclays cut their target price on shares of Alarm.com from $70.00 to $63.00 in a research note on Monday, May 9th. 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 began coverage on shares of Alarm.com in a research report on Wednesday, April 20th. They set a buy rating and a $75.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $89.67.

Shares of NASDAQ:ALRM traded up $0.19 during midday trading on Monday, reaching $62.10. 3,756 shares of the company’s stock were exchanged, compared to its average volume of 291,686. The company has a debt-to-equity ratio of 0.87, a quick ratio of 7.46 and a current ratio of 8.27. The company’s 50 day simple moving average is $62.33 and its two-hundred day simple moving average is $71.55. Alarm.com has a 12 month low of $54.99 and a 12 month high of $94.45. The firm has a market capitalization of $3.11 billion, a PE ratio of 68.79, a price-to-earnings-growth ratio of 3.59 and a beta of 1.21.

Alarm.com (NASDAQ:ALRMGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The software maker reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. Alarm.com had a net margin of 5.95% and a return on equity of 11.71%. The firm had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $192.02 million. During the same quarter last year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, research analysts anticipate that Alarm.com will post 1.14 earnings per share for the current year.

In other news, 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 transaction of $104,202.24. Following the sale, the chief financial officer now owns 31,503 shares in the company, valued at $2,137,163.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Trundle sold 5,305 shares of the firm’s stock in a transaction on Monday, April 4th. The shares were sold at an average price of $67.84, for a total value of $359,891.20. Following the completion of the sale, the chief executive officer now owns 204,539 shares of the company’s stock, valued at $13,875,925.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,079 shares of company stock valued at $1,396,434. Company insiders own 6.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its position 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 purchasing an additional 109,416 shares during the period. Renaissance Technologies LLC lifted its holdings in Alarm.com by 101.4% in the first quarter. Renaissance Technologies LLC now owns 118,000 shares of the software maker’s stock valued at $7,842,000 after buying an additional 59,400 shares during the period. Goldman Sachs Group Inc. boosted its stake in Alarm.com by 32.2% in the fourth 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. Renaissance Group LLC bought a new position in Alarm.com in the first quarter valued at approximately $1,240,000. Finally, Centaurus Financial Inc. grew its holdings in Alarm.com by 12.0% during the 1st quarter. Centaurus Financial Inc. now owns 165,728 shares of the software maker’s stock worth $11,014,000 after acquiring an additional 17,698 shares during the period. 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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