Alarm.com (NASDAQ:ALRM) Stock Rating Lowered by Zacks Research

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

Several other equities research analysts have also issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Alarm.com in a research report on Thursday, October 30th. Barclays dropped their price objective on shares of Alarm.com from $60.00 to $56.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alarm.com currently has a consensus rating of “Hold” and a consensus price target of $64.67.

Alarm.com Stock Down 1.1%

Shares of NASDAQ:ALRM opened at $51.41 on Monday. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.90 and a beta of 0.81. Alarm.com has a one year low of $46.65 and a one year high of $64.26. The firm has a fifty day moving average price of $51.24 and a two-hundred day moving average price of $53.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.06 and a quick ratio of 1.92.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, November 6th. The software maker reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.14. The company had revenue of $256.40 million during the quarter, compared to analyst estimates of $251.14 million. Alarm.com had a return on equity of 14.26% and a net margin of 12.92%.The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.62 earnings per share. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. Analysts anticipate that Alarm.com will post 1.64 EPS for the current fiscal year.

Insider Buying and Selling at Alarm.com

In related news, insider Jeffrey A. Bedell sold 22,727 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $51.82, for a total transaction of $1,177,713.14. Following the transaction, the insider directly owned 505,805 shares in the company, valued at $26,210,815.10. This trade represents a 4.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Trundle acquired 12,469 shares of the stock in a transaction on Wednesday, November 19th. The stock was bought at an average price of $48.53 per share, with a total value of $605,120.57. Following the transaction, the chief executive officer directly owned 1,305,343 shares of the company’s stock, valued at approximately $63,348,295.79. The trade was a 0.96% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 26,000 shares of company stock worth $1,257,321 and have sold 56,158 shares worth $2,866,689. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ALRM. Amundi lifted its stake in shares of Alarm.com by 6.8% in the 1st quarter. Amundi now owns 17,532 shares of the software maker’s stock valued at $920,000 after purchasing an additional 1,113 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Alarm.com by 7.8% during the 1st quarter. AQR Capital Management LLC now owns 59,005 shares of the software maker’s stock valued at $3,284,000 after buying an additional 4,246 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Alarm.com in the 1st quarter worth about $514,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Alarm.com by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,200 shares of the software maker’s stock worth $7,301,000 after acquiring an additional 6,080 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in Alarm.com by 610.0% during the 1st quarter. Jane Street Group LLC now owns 114,715 shares of the software maker’s stock valued at $6,384,000 after acquiring an additional 98,557 shares during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.

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.