Alarm.com (NASDAQ:ALRM) Reaches New 12-Month Low – Here’s What Happened

Alarm.com Holdings, Inc. (NASDAQ:ALRM)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $48.10 and last traded at $48.6450, with a volume of 8359 shares changing hands. The stock had previously closed at $49.07.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ALRM. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a research note on Thursday, October 30th. Zacks Research cut shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Alarm.com presently has an average rating of “Hold” and an average target price of $62.60.

Alarm.com Stock Down 1.1%

The firm has a fifty day simple moving average of $53.40 and a 200-day simple moving average of $55.19. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 2.45 and a beta of 1.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.82 and a current ratio of 1.95.

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

Institutional Investors Weigh In On Alarm.com

Several hedge funds have recently added to or reduced their stakes in ALRM. Elevation Point Wealth Partners LLC bought a new stake in shares of Alarm.com in the second quarter valued at about $43,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Alarm.com in the third quarter valued at about $46,000. Larson Financial Group LLC boosted its position in shares of Alarm.com by 235.5% in the first 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 during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Alarm.com in the second quarter valued at about $57,000. Finally, Strs Ohio bought a new stake in shares of Alarm.com in the first quarter valued at about $56,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

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.