Alarm.com (NASDAQ:ALRM) Reaches New 52-Week Low – Time to Sell?

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) reached a new 52-week low on Tuesday . The stock traded as low as $46.55 and last traded at $46.9850, with a volume of 140790 shares traded. The stock had previously closed at $48.50.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALRM. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a research report on Tuesday, January 27th. Zacks Research cut shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Barclays lowered their price objective on shares of Alarm.com from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Alarm.com has a consensus rating of “Hold” and an average target price of $64.67.

Alarm.com Trading Down 0.0%

The company has a market cap of $2.32 billion, a P/E ratio of 19.67, a PEG ratio of 1.70 and a beta of 0.79. The company has a current ratio of 2.06, a quick ratio of 1.92 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average price of $50.96 and a 200-day moving average price of $52.54.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, November 6th. The software maker reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.14. Alarm.com had a net margin of 12.92% and a return on equity of 14.26%. The business had revenue of $256.40 million during the quarter, compared to analysts’ expectations of $251.14 million. During the same period last year, the business earned $0.62 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Activity

In other Alarm.com news, insider Jeffrey A. Bedell sold 22,727 shares of the business’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 owned 505,805 shares of the company’s stock, valued at $26,210,815.10. The trade was a 4.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Kerzner sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $50.33, for a total value of $503,300.00. Following the completion of the sale, the insider directly owned 52,000 shares of the company’s stock, valued at approximately $2,617,160. The trade was a 16.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have acquired 26,000 shares of company stock valued at $1,257,321 and have sold 56,158 shares valued at $2,866,689. Insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Alarm.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new position in shares of Alarm.com in the third quarter valued at about $25,000. Strengthening Families & Communities LLC bought a new position in Alarm.com in the 3rd quarter valued at about $27,000. Hantz Financial Services Inc. lifted its position in Alarm.com by 2,637.9% during the third quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock worth $42,000 after acquiring an additional 765 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Alarm.com during the second quarter worth approximately $43,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Alarm.com during the third quarter worth approximately $46,000. 91.74% of the stock is owned by 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.