Barclays Issues Pessimistic Forecast for Alarm.com (NASDAQ:ALRM) Stock Price

Alarm.com (NASDAQ:ALRM) had its target price lowered by Barclays from $60.00 to $56.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the software maker’s stock. Barclays‘s price objective suggests a potential upside of 11.03% from the stock’s previous close.

Several other research analysts also recently commented on ALRM. Weiss Ratings reaffirmed 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 equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $61.00.

Alarm.com Stock Performance

Alarm.com stock traded up $3.31 during midday trading on Friday, reaching $50.44. 178,550 shares of the company traded hands, compared to its average volume of 359,432. Alarm.com has a 12 month low of $46.65 and a 12 month high of $70.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.95 and a quick ratio of 1.82. The business has a 50 day moving average of $52.78 and a two-hundred day moving average of $55.06. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, November 6th. The software maker reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.14. Alarm.com had a net margin of 13.27% and a return on equity of 13.84%. The business had revenue of $256.40 million during the quarter, compared to analyst estimates of $251.14 million. During the same period in the previous year, the business earned $0.62 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. As a group, research analysts predict that Alarm.com will post 1.64 earnings per share for the current year.

Institutional Investors Weigh In On Alarm.com

Institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in Alarm.com by 2.3% during the first quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker’s stock valued at $15,102,000 after acquiring an additional 6,078 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Alarm.com by 44.3% during the second quarter. Public Employees Retirement System of Ohio now owns 57,623 shares of the software maker’s stock valued at $3,260,000 after purchasing an additional 17,680 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of Alarm.com by 90.9% in the first quarter. Dynamic Technology Lab Private Ltd now owns 24,432 shares of the software maker’s stock worth $1,359,000 after purchasing an additional 11,632 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Alarm.com in the second quarter worth about $210,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Alarm.com by 9.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,617 shares of the software maker’s stock valued at $4,653,000 after buying an additional 7,212 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other 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.