Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives $68.83 Consensus PT from Analysts

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $68.83.

Several analysts recently weighed in on the stock. William Blair upgraded shares of Alarm.com to a “hold” rating in a research report on Thursday, May 9th. StockNews.com downgraded shares of Alarm.com from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 14th.

Read Our Latest Research Report on ALRM

Alarm.com Trading Up 2.4 %

NASDAQ ALRM opened at $62.39 on Friday. The firm has a market capitalization of $3.13 billion, a PE ratio of 36.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.88. The company has a 50-day simple moving average of $65.70 and a 200-day simple moving average of $66.32. Alarm.com has a one year low of $48.01 and a one year high of $77.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.03 and a current ratio of 5.51.

Alarm.com (NASDAQ:ALRMGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The software maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $223.28 million for the quarter, compared to the consensus estimate of $218.32 million. Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. On average, equities analysts forecast that Alarm.com will post 1.43 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Daniel Ramos sold 1,418 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total value of $99,260.00. Following the sale, the insider now directly owns 38,282 shares in the company, valued at approximately $2,679,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Daniel Ramos sold 1,418 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total value of $99,260.00. Following the sale, the insider now directly owns 38,282 shares in the company, valued at approximately $2,679,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Trundle sold 3,217 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $225,190.00. Following the completion of the sale, the chief executive officer now owns 234,449 shares in the company, valued at $16,411,430. The disclosure for this sale can be found here. Insiders have sold 6,351 shares of company stock worth $444,570 in the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ALRM. Norges Bank purchased a new position in shares of Alarm.com in the fourth quarter worth approximately $33,277,000. FMR LLC increased its position in shares of Alarm.com by 18,200.6% in the third quarter. FMR LLC now owns 312,391 shares of the software maker’s stock worth $19,100,000 after acquiring an additional 310,684 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Alarm.com in the third quarter worth approximately $14,285,000. Assenagon Asset Management S.A. grew its position in Alarm.com by 383.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 165,031 shares of the software maker’s stock valued at $10,664,000 after purchasing an additional 130,901 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Alarm.com in the 4th quarter valued at approximately $65,980,000. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Alarm.com (NASDAQ:ALRM)

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