Alarm.com (NASDAQ:ALRM) Upgraded at Zacks Research

Zacks Research upgraded shares of Alarm.com (NASDAQ:ALRM) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

Separately, Raymond James Financial decreased their price target on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a research report on Friday, May 9th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Alarm.com presently has an average rating of “Moderate Buy” and an average price target of $64.33.

Alarm.com Price Performance

NASDAQ ALRM opened at $56.95 on Thursday. The company has a quick ratio of 1.82, a current ratio of 1.95 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2.84 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. Alarm.com has a 12-month low of $48.23 and a 12-month high of $70.06. The company has a 50 day moving average price of $56.30 and a two-hundred day moving average price of $56.22.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, August 7th. The software maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The firm had revenue of $254.31 million for the quarter, compared to the consensus estimate of $243.96 million. Alarm.com had a net margin of 13.27% and a return on equity of 13.84%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. As a group, equities analysts predict that Alarm.com will post 1.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Kevin Christopher Bradley sold 754 shares of Alarm.com stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $56.75, for a total transaction of $42,789.50. Following the completion of the transaction, the chief financial officer directly owned 53,056 shares of the company’s stock, valued at $3,010,928. This trade represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alarm.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. lifted its stake in Alarm.com by 304.6% in the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker’s stock valued at $39,000 after buying an additional 533 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Alarm.com during the second quarter worth $43,000. Larson Financial Group LLC lifted its position in Alarm.com by 235.5% in the 1st quarter. Larson Financial Group LLC now owns 916 shares of the software maker’s stock valued at $51,000 after acquiring an additional 643 shares in the last quarter. Strs Ohio bought a new stake in Alarm.com in the 1st quarter valued at $56,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Alarm.com in the 2nd quarter worth $57,000. 91.74% of the stock is owned by institutional investors.

Alarm.com Company Profile

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.