Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $64.33.

Several equities research analysts recently weighed in on the stock. Raymond James Financial reduced their price target on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group lowered their target price on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Finally, Barclays lowered their target price on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th.

Insiders Place Their Bets

In related news, CEO Stephen Trundle sold 3,644 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction of $206,469.04. Following the transaction, the chief executive officer directly owned 268,859 shares in the company, valued at approximately $15,233,550.94. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel Kerzner sold 2,213 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction of $125,388.58. Following the completion of the transaction, the insider owned 72,004 shares in the company, valued at $4,079,746.64. The trade was a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,167 shares of company stock valued at $1,994,181. 5.60% of the stock is owned by company insiders.

Institutional Trading of Alarm.com

A number of large investors have recently bought and sold shares of ALRM. Summit Investment Advisors Inc. raised its position in Alarm.com by 3.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker’s stock worth $301,000 after acquiring an additional 172 shares during the last quarter. KBC Group NV lifted its position in shares of Alarm.com by 10.8% during the first quarter. KBC Group NV now owns 2,128 shares of the software maker’s stock worth $118,000 after purchasing an additional 208 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Alarm.com by 1.7% during the first quarter. Avantax Advisory Services Inc. now owns 13,865 shares of the software maker’s stock worth $772,000 after purchasing an additional 232 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Alarm.com by 1.0% in the fourth quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker’s stock valued at $1,710,000 after acquiring an additional 281 shares in the last quarter. Finally, Aviso Financial Inc. raised its holdings in Alarm.com by 2.3% in the first quarter. Aviso Financial Inc. now owns 13,550 shares of the software maker’s stock valued at $754,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Stock Up 1.0%

Shares of NASDAQ:ALRM opened at $55.59 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average price is $57.12 and its 200-day moving average price is $57.41. The stock has a market capitalization of $2.77 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 2.94 and a beta of 0.99. Alarm.com has a 12-month low of $48.23 and a 12-month high of $71.98.

About Alarm.com

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.