Brokerages Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) PT at $104.57

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has earned an average rating of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $104.57.

ALRM has been the subject of a number of research analyst reports. Raymond James upped their price target on Alarm.com from $115.00 to $120.00 and gave the company a “strong-buy” rating in a report on Friday, August 6th. Roth Capital upped their price target on Alarm.com from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 6th. Barclays increased their price objective on Alarm.com from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, August 6th. William Blair reissued a “hold” rating on shares of Alarm.com in a report on Friday, August 6th. Finally, Zacks Investment Research downgraded Alarm.com from a “buy” rating to a “hold” rating in a report on Monday, August 16th.

ALRM traded up $0.69 on Monday, reaching $81.59. The company’s stock had a trading volume of 1 shares, compared to its average volume of 299,065. The stock has a 50 day moving average of $82.47 and a two-hundred day moving average of $84.55. The company has a quick ratio of 7.48, a current ratio of 8.05 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 50.88, a P/E/G ratio of 3.49 and a beta of 1.11. Alarm.com has a fifty-two week low of $53.11 and a fifty-two week high of $108.67.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Wednesday, August 4th. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.15. The firm had revenue of $188.86 million during the quarter, compared to the consensus estimate of $163.26 million. Alarm.com had a return on equity of 15.39% and a net margin of 11.90%. As a group, analysts anticipate that Alarm.com will post 1.19 earnings per share for the current fiscal year.

In other Alarm.com news, CFO Steve Valenzuela sold 1,667 shares of the firm’s stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $83.49, for a total value of $139,177.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Trundle sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 19th. The stock was sold at an average price of $77.24, for a total value of $1,931,000.00. Following the completion of the sale, the chief executive officer now directly owns 290,616 shares in the company, valued at $22,447,179.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,251 shares of company stock worth $2,286,717. Corporate insiders own 6.70% of the company’s stock.

A number of large investors have recently modified their holdings of ALRM. Brown Capital Management LLC lifted its stake in shares of Alarm.com by 8.1% in the 2nd quarter. Brown Capital Management LLC now owns 5,931,648 shares of the software maker’s stock valued at $502,411,000 after purchasing an additional 444,404 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Alarm.com by 4.1% in the 1st quarter. BlackRock Inc. now owns 7,677,539 shares of the software maker’s stock valued at $663,186,000 after purchasing an additional 305,509 shares in the last quarter. FMR LLC lifted its stake in shares of Alarm.com by 323,590.2% in the 1st quarter. FMR LLC now owns 297,795 shares of the software maker’s stock valued at $19,327,000 after purchasing an additional 297,703 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Alarm.com by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,423,191 shares of the software maker’s stock valued at $459,344,000 after purchasing an additional 238,432 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in shares of Alarm.com by 55.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 448,200 shares of the software maker’s stock valued at $37,963,000 after purchasing an additional 160,000 shares in the last quarter. 91.21% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Company Profile

Alarm.com Holdings, Inc engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.

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Analyst Recommendations for Alarm.com (NASDAQ:ALRM)

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