Brokerages Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) Target Price at $69.00

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been assigned an average recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $69.00.

A number of analysts recently weighed in on ALRM shares. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Barclays reduced their price target on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, July 11th. Finally, The Goldman Sachs Group started coverage on Alarm.com in a report on Friday, September 6th. They set a “neutral” rating and a $64.00 price objective for the company.

Insiders Place Their Bets

In related news, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at $2,260,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,260,125. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Alarm.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker’s stock valued at $426,190,000 after buying an additional 63,653 shares during the period. Disciplined Growth Investors Inc. MN increased its holdings in shares of Alarm.com by 6.2% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker’s stock valued at $172,257,000 after acquiring an additional 158,465 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Alarm.com by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock worth $73,889,000 after acquiring an additional 42,281 shares in the last quarter. Norges Bank purchased a new stake in shares of Alarm.com during the 4th quarter worth $33,277,000. Finally, Bank of New York Mellon Corp boosted its position in Alarm.com by 15.8% during the second quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker’s stock valued at $30,051,000 after purchasing an additional 64,424 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

Alarm.com Stock Performance

NASDAQ ALRM opened at $54.67 on Tuesday. The business’s 50 day moving average price is $60.01 and its 200-day moving average price is $64.43. Alarm.com has a fifty-two week low of $49.70 and a fifty-two week high of $77.29. The company has a market cap of $2.74 billion, a P/E ratio of 32.35, a P/E/G ratio of 3.38 and a beta of 0.90. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. The business had revenue of $233.80 million for the quarter, compared to analysts’ expectations of $227.35 million. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. Sell-side analysts predict that Alarm.com will post 1.4 earnings per share for the current year.

Alarm.com Company Profile

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.