Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives Consensus Rating of “Buy” from Analysts

Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Rating) has been assigned an average recommendation of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $89.60.

ALRM has been the topic of several analyst reports. StockNews.com downgraded Alarm.com from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. TheStreet downgraded Alarm.com from a “b-” rating to a “c” rating in a report on Thursday, March 10th. Zacks Investment Research lowered Alarm.com from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Bank of America assumed coverage on Alarm.com in a research report on Wednesday, April 20th. They issued a “buy” rating and a $75.00 target price for the company. Finally, Raymond James decreased their target price on 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.

ALRM opened at $65.44 on Friday. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 72.71, a price-to-earnings-growth ratio of 3.59 and a beta of 1.21. Alarm.com has a 12 month low of $54.99 and a 12 month high of $94.45. The company has a debt-to-equity ratio of 0.87, a current ratio of 8.27 and a quick ratio of 7.46. The business has a 50-day moving average of $62.09 and a two-hundred day moving average of $70.92.

Alarm.com (NASDAQ:ALRMGet Rating) last released its quarterly earnings data on Thursday, May 5th. The software maker reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 11.71% and a net margin of 5.95%. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. Equities research analysts anticipate that Alarm.com will post 1.14 earnings per share for the current year.

In other Alarm.com news, CEO Stephen Trundle sold 5,305 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 value of $359,891.20. Following the completion of the transaction, the chief executive officer now directly owns 204,539 shares in the company, valued at $13,875,925.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel Kerzner sold 2,612 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 $177,198.08. Following the completion of the transaction, the insider now owns 453,644 shares of the company’s stock, valued at $30,775,208.96. The disclosure for this sale can be found here. Insiders have sold a total of 22,079 shares of company stock worth $1,396,434 in the last ninety days. 6.70% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI purchased a new stake in shares of Alarm.com in the fourth quarter worth approximately $201,000. Summit Creek Advisors LLC raised its position in Alarm.com by 22.5% during the fourth quarter. Summit Creek Advisors LLC now owns 141,426 shares of the software maker’s stock valued at $11,994,000 after acquiring an additional 25,984 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Alarm.com during the fourth quarter valued at approximately $2,176,000. Goldman Sachs Group Inc. raised its position in Alarm.com by 24.4% during the third quarter. Goldman Sachs Group Inc. now owns 135,719 shares of the software maker’s stock valued at $10,612,000 after acquiring an additional 26,627 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its position in Alarm.com by 29.7% during the third quarter. Advisor Group Holdings Inc. now owns 4,927 shares of the software maker’s stock valued at $387,000 after acquiring an additional 1,128 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

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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