Raymond James Lowers Alarm.com (NASDAQ:ALRM) Price Target to $65.00

Alarm.com (NASDAQ:ALRMGet Rating) had its price target lowered by research analysts at Raymond James from $83.00 to $65.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm currently has a “strong-buy” rating on the software maker’s stock. Raymond James’ price target would suggest a potential upside of 18.10% from the company’s previous close.

A number of other research analysts also recently issued reports on ALRM. StockNews.com downgraded shares of Alarm.com from a “buy” rating to a “hold” rating in a research report on Friday, October 14th. Maxim Group decreased their target price on shares of Alarm.com from $90.00 to $80.00 in a research report on Thursday, November 3rd. Roth Capital boosted their target price on shares of Alarm.com from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Barclays decreased their target price on shares of Alarm.com from $70.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, TheStreet upgraded shares of Alarm.com from a “c” rating to a “b-” rating in a research report on Wednesday, August 10th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.20.

Alarm.com Price Performance

Shares of ALRM opened at $55.04 on Wednesday. The firm has a market capitalization of $2.74 billion, a PE ratio of 59.83, a price-to-earnings-growth ratio of 3.55 and a beta of 1.06. The company has a debt-to-equity ratio of 0.87, a current ratio of 6.27 and a quick ratio of 5.50. Alarm.com has a 1-year low of $47.16 and a 1-year high of $86.07. The company’s fifty day moving average price is $63.53 and its 200-day moving average price is $64.57.

Alarm.com (NASDAQ:ALRMGet Rating) last announced its quarterly earnings data on Tuesday, August 9th. The software maker reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. The firm had revenue of $212.80 million for the quarter, compared to analyst estimates of $207.93 million. Alarm.com had a net margin of 5.29% and a return on equity of 10.90%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. On average, equities research analysts predict that Alarm.com will post 1.11 EPS for the current year.

Insider Transactions at Alarm.com

In other news, insider Jeffrey A. Bedell sold 9,769 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $71.13, for a total transaction of $694,868.97. Following the completion of the sale, the insider now owns 469,282 shares of the company’s stock, valued at $33,380,028.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jeffrey A. Bedell sold 11,106 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $75.08, for a total transaction of $833,838.48. Following the completion of the sale, the insider now owns 469,282 shares of the company’s stock, valued at $35,233,692.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey A. Bedell sold 9,769 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $71.13, for a total transaction of $694,868.97. Following the sale, the insider now directly owns 469,282 shares of the company’s stock, valued at approximately $33,380,028.66. The disclosure for this sale can be found here. Insiders sold 21,106 shares of company stock valued at $1,545,108 over the last 90 days. Corporate insiders own 5.50% of the company’s stock.

Institutional Trading of Alarm.com

Large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new stake in Alarm.com during the 2nd quarter valued at about $35,000. GHP Investment Advisors Inc. purchased a new stake in Alarm.com during the 1st quarter valued at about $38,000. Bessemer Group Inc. grew its stake in Alarm.com by 116.4% during the 3rd quarter. Bessemer Group Inc. now owns 632 shares of the software maker’s stock valued at $41,000 after acquiring an additional 340 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in Alarm.com during the 2nd quarter valued at about $56,000. Finally, Sandy Spring Bank purchased a new stake in Alarm.com during the 2nd quarter valued at about $62,000. Hedge funds and other institutional investors own 91.43% 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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