Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives $64.40 Consensus Target Price from Analysts

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have been given an average recommendation of “Hold” by the six research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $64.40.

Several research firms have commented on ALRM. The Goldman Sachs Group boosted their price objective on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. Jefferies Financial Group began coverage on Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 price objective (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Finally, Barclays boosted their price objective on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th.

Insider Transactions at Alarm.com

In other news, insider Daniel Kerzner sold 32,851 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the transaction, the insider now directly owns 59,668 shares in the company, valued at $3,961,955.20. The trade was a 35.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen Trundle sold 47,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total value of $3,238,550.00. Following the transaction, the chief executive officer now owns 252,682 shares in the company, valued at approximately $17,227,858.76. This represents a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in Alarm.com in the fourth quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. acquired a new position in Alarm.com in the fourth quarter valued at approximately $36,000. Quarry LP lifted its holdings in Alarm.com by 291.7% in the third quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after acquiring an additional 525 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Alarm.com by 134.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after acquiring an additional 539 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Alarm.com by 305.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after acquiring an additional 779 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Price Performance

Shares of Alarm.com stock opened at $58.12 on Friday. The company has a quick ratio of 7.38, a current ratio of 7.85 and a debt-to-equity ratio of 1.35. Alarm.com has a twelve month low of $51.87 and a twelve month high of $77.29. The business has a 50-day moving average price of $61.45 and a 200 day moving average price of $59.52. The firm has a market cap of $2.89 billion, a PE ratio of 25.38, a P/E/G ratio of 3.59 and a beta of 0.98.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The business had revenue of $242.24 million during the quarter, compared to analysts’ expectations of $237.44 million. Sell-side analysts predict that Alarm.com will post 1.64 earnings per share for the current fiscal year.

About Alarm.com

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.