Alarm.com Holdings, Inc. (NASDAQ:ALRM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Free Report) have been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $64.40.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 target price (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Jefferies Financial Group started coverage on Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. Roth Mkm decreased their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Barclays lifted 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. Finally, The Goldman Sachs Group lifted 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.

View Our Latest Stock Report on ALRM

Alarm.com Stock Down 1.6 %

NASDAQ ALRM opened at $67.10 on Friday. The stock has a fifty day moving average of $59.06 and a 200-day moving average of $60.73. The stock has a market capitalization of $3.32 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 4.10 and a beta of 0.97. Alarm.com has a 52 week low of $51.87 and a 52 week high of $77.29. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the transaction, the director now directly owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Trundle sold 47,500 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total value of $3,238,550.00. Following the completion of the transaction, the chief executive officer now directly owns 252,682 shares of the company’s stock, valued at approximately $17,227,858.76. The trade was 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 Trading of Alarm.com

Institutional investors have recently modified their holdings of the company. Oakworth Capital Inc. bought a new stake in shares of Alarm.com in the third quarter valued at about $38,000. Quarry LP lifted its holdings in shares of 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 purchasing an additional 525 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after purchasing an additional 367 shares in the last quarter. Point72 DIFC Ltd lifted its holdings in shares of Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after purchasing an additional 1,101 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Alarm.com in the second quarter valued at about $108,000. 91.74% of the stock is currently owned by 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.

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Analyst Recommendations for Alarm.com (NASDAQ:ALRM)

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