Alarm.com (NASDAQ:ALRM) Rating Lowered to “Hold” at Zacks Research

Alarm.com (NASDAQ:ALRM) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other brokerages have also recently commented on ALRM. Barclays lowered their price target on Alarm.com from $56.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, February 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Alarm.com from $55.00 to $40.00 and set an “underweight” rating for the company in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.00.

Alarm.com Stock Up 0.8%

NASDAQ:ALRM opened at $43.21 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 1.92 and a debt-to-equity ratio of 0.58. Alarm.com has a 12-month low of $42.26 and a 12-month high of $60.76. The stock’s fifty day simple moving average is $47.31 and its 200-day simple moving average is $50.19. The firm has a market capitalization of $2.15 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.50 and a beta of 0.80.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, February 19th. The software maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. Alarm.com had a return on equity of 14.79% and a net margin of 13.11%.The business had revenue of $261.66 million during the quarter, compared to the consensus estimate of $250.75 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Alarm.com has set its FY 2026 guidance at 2.780-2.790 EPS. Equities research analysts expect that Alarm.com will post 1.64 earnings per share for the current year.

Insider Transactions at Alarm.com

In other Alarm.com news, CFO Kevin Christopher Bradley sold 1,510 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $45.97, for a total value of $69,414.70. Following the completion of the transaction, the chief financial officer directly owned 51,546 shares of the company’s stock, valued at approximately $2,369,569.62. The trade was a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Alarm.com

Several institutional investors have recently modified their holdings of the business. Optiver Holding B.V. acquired a new position in shares of Alarm.com in the 3rd quarter valued at approximately $25,000. Strengthening Families & Communities LLC acquired a new stake in Alarm.com during the 3rd quarter worth approximately $27,000. Covestor Ltd raised its holdings in Alarm.com by 67.3% during the 4th quarter. Covestor Ltd now owns 691 shares of the software maker’s stock worth $35,000 after buying an additional 278 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Alarm.com in the second quarter valued at approximately $43,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Alarm.com by 2,637.9% in the third quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock valued at $42,000 after buying an additional 765 shares during the period. Institutional investors own 91.74% of the company’s stock.

Alarm.com Company Profile

Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company’s interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.

Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.