Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stock Has Consensus Price Target of $61.67

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has earned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $61.67.

Several research firms recently commented on ALRM. JPMorgan Chase & Co. boosted their price target on Alarm.com from $40.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, October 30th. Raymond James Financial restated a “strong-buy” rating and issued a $65.00 price target on shares of Alarm.com in a research report on Friday, August 7th. Wall Street Zen upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Sunday, August 16th. Weiss Ratings upgraded shares of Alarm.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Finally, William Blair reissued a “market perform” rating on shares of Alarm.com in a research note on Friday, November 6th.

Insider Buying and Selling at Alarm.com

In related news, Director Donald E. Clarke sold 4,624 shares of the stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $64.94, for a total transaction of $300,282.56. Following the completion of the sale, the director directly owned 13,551 shares of the company’s stock, valued at $880,001.94. This represents a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Trundle sold 50,000 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $57.67, for a total value of $2,883,500.00. Following the completion of the transaction, the chief executive officer directly owned 324,842 shares in the company, valued at $18,733,638.14. This represents a 13.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alarm.com

A number of institutional investors have recently bought and sold shares of ALRM. Bank of New York Mellon Corp acquired a new position in shares of Alarm.com in the 2nd quarter valued at about $14,339,000. American Capital Management Inc. bought a new position in shares of Alarm.com during the 2nd quarter valued at $3,202,000. Winmill & CO. Inc. bought a new position in Alarm.com during the second quarter valued at about $5,891,000. Summit Global Investments raised its stake in shares of Alarm.com by 368.0% in the 3rd quarter. Summit Global Investments now owns 27,200 shares of the software maker’s stock valued at $1,482,000 after acquiring an additional 21,388 shares in the last quarter. Finally, Summit Creek Advisors LLC acquired a new stake in shares of Alarm.com in the second quarter worth $2,759,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Stock Down 1.6%

Shares of ALRM traded down $1.06 during midday trading on Friday, reaching $65.36. 337,781 shares of the company were exchanged, compared to its average volume of 542,205. The stock has a 50-day moving average price of $58.82 and a 200-day moving average price of $50.90. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 28.79, a P/E/G ratio of 2.09 and a beta of 0.70. The company has a current ratio of 4.83, a quick ratio of 4.27 and a debt-to-equity ratio of 0.55. Alarm.com has a 1-year low of $41.49 and a 1-year high of $69.39.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, November 5th. The software maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. Alarm.com had a return on equity of 15.92% and a net margin of 10.79%. The firm had revenue of $279.44 million during the quarter, compared to analysts’ expectations of $265.82 million. During the same quarter in the prior year, the business earned $0.76 EPS. Alarm.com’s quarterly revenue was up 9.0% compared to the same quarter last year. Research analysts expect that Alarm.com will post 2.49 earnings per share for the current year.

Alarm.com Company Profile

Alarm.com Holdings, Inc. develops cloud-based software and connected-device services for residential and commercial security, automation, and energy management. Its platform brings together devices such as security sensors, cameras, locks, thermostats, and access-control systems, which customers can manage through mobile and web applications. The company provides its technology primarily through a network of security and service providers. Its offerings include intrusion detection, video monitoring and analytics, smart-home automation, commercial security and access control, and tools for monitoring and managing energy use.