Alarm.com Holdings, Inc. (NASDAQ:ALRM – Get Rating) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $98.40.
A number of research firms recently weighed in on ALRM. TheStreet lowered Alarm.com from a “b-” rating to a “c” rating in a report on Thursday, March 10th. Zacks Investment Research lowered Alarm.com from a “hold” rating to a “sell” rating in a report on Monday, February 28th. Raymond James decreased their target price on Alarm.com from $120.00 to $85.00 and set a “strong-buy” rating on the stock in a report on Friday, February 25th. Roth Capital reduced their price target on Alarm.com from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, December 28th. Finally, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, March 25th.
NASDAQ:ALRM opened at $62.15 on Friday. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 61.54, a price-to-earnings-growth ratio of 2.71 and a beta of 1.22. Alarm.com has a twelve month low of $60.70 and a twelve month high of $95.83. The stock’s 50 day moving average price is $67.75 and its two-hundred day moving average price is $76.12. The company has a quick ratio of 6.51, a current ratio of 7.09 and a debt-to-equity ratio of 0.69.
Alarm.com (NASDAQ:ALRM – Get Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The software maker reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.11. The firm had revenue of $195.30 million for the quarter, compared to analyst estimates of $174.52 million. Alarm.com had a return on equity of 12.94% and a net margin of 6.98%. The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS. As a group, analysts anticipate that Alarm.com will post 1.22 earnings per share for the current year.
In other news, insider Daniel Kerzner sold 2,612 shares of the business’s stock in a transaction on Monday, April 4th. The stock was sold at an average price of $67.84, for a total transaction of $177,198.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steve Valenzuela sold 1,536 shares of the business’s stock in a transaction on Monday, April 4th. The stock was sold at an average price of $67.84, for a total value of $104,202.24. The disclosure for this sale can be found here. Insiders have sold a total of 12,338 shares of company stock valued at $841,676 in the last three months. 6.70% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC increased its holdings in Alarm.com by 0.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,553 shares of the software maker’s stock worth $1,053,000 after purchasing an additional 117 shares in the last quarter. Redmond Asset Management LLC increased its stake in shares of Alarm.com by 1.0% in the fourth quarter. Redmond Asset Management LLC now owns 17,003 shares of the software maker’s stock valued at $1,442,000 after buying an additional 164 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Alarm.com by 2.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,292 shares of the software maker’s stock valued at $534,000 after buying an additional 170 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Alarm.com by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 22,300 shares of the software maker’s stock valued at $1,891,000 after buying an additional 200 shares during the period. Finally, Texas Permanent School Fund increased its stake in shares of Alarm.com by 0.6% in the third quarter. Texas Permanent School Fund now owns 33,962 shares of the software maker’s stock valued at $2,655,000 after buying an additional 218 shares during the period. 91.01% of the stock is owned by institutional investors and hedge funds.
Alarm.com Company Profile (Get Rating)
Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. It operates in two segments, Alarm.com and Other. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, Internet of Things, thermostats, and video cameras; and video monitoring solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, continuous high definition recording, and commercial video surveillance solutions.
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