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

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $68.83.

ALRM has been the subject of a number of recent analyst reports. Roth Mkm boosted their target price on shares of Alarm.com from $67.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Barclays upped their price target on shares of Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. boosted their price target on shares of Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. StockNews.com raised shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. Finally, TheStreet raised shares of Alarm.com from a “c+” rating to a “b-” rating in a report on Friday, February 23rd.

Alarm.com Stock Performance

Shares of ALRM stock opened at $66.90 on Friday. The firm has a market cap of $3.36 billion, a P/E ratio of 43.73, a P/E/G ratio of 3.77 and a beta of 0.94. Alarm.com has a one year low of $44.92 and a one year high of $77.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.91 and a current ratio of 5.46. The firm’s 50 day moving average price is $70.76 and its 200-day moving average price is $63.61.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $226.20 million for the quarter, compared to analysts’ expectations of $224.93 million. Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share. As a group, equities research analysts predict that Alarm.com will post 1.39 EPS for the current year.

Insiders Place Their Bets

In related news, insider Daniel Kerzner sold 28,433 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total value of $1,989,741.34. Following the sale, the insider now directly owns 57,351 shares in the company, valued at $4,013,422.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Daniel Kerzner sold 28,433 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the completion of the sale, the insider now directly owns 57,351 shares of the company’s stock, valued at approximately $4,013,422.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Steve Valenzuela sold 1,716 shares of Alarm.com stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $120,120.00. Following the completion of the sale, the chief financial officer now directly owns 35,784 shares of the company’s stock, valued at approximately $2,504,880. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,532 shares of company stock valued at $8,116,333. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ALRM. Evanson Asset Management LLC grew its holdings in Alarm.com by 249.4% during the 3rd quarter. Evanson Asset Management LLC now owns 194,525 shares of the software maker’s stock valued at $11,893,000 after buying an additional 138,850 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Alarm.com by 1.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,121 shares of the software maker’s stock valued at $1,047,000 after purchasing an additional 188 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Alarm.com by 12.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,293 shares of the software maker’s stock worth $629,000 after acquiring an additional 1,162 shares in the last quarter. Strs Ohio grew its stake in Alarm.com by 500.0% during the 3rd quarter. Strs Ohio now owns 1,800 shares of the software maker’s stock worth $110,000 after buying an additional 1,500 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Alarm.com by 44.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 9,952 shares of the software maker’s stock valued at $608,000 after purchasing an additional 3,078 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

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.