Alarm.com (NASDAQ:ALRM) Price Target Cut to $58.00 by Analysts at The Goldman Sachs Group

Alarm.com (NASDAQ:ALRM) had its price objective lowered by The Goldman Sachs Group from $66.00 to $58.00 in a research report sent to investors on Thursday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the software maker’s stock.

ALRM has been the topic of a number of other reports. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Barclays decreased their price target on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Alarm.com has a consensus rating of “Hold” and an average price target of $61.20.

Alarm.com Trading Down 0.4 %

Alarm.com stock opened at $50.40 on Thursday. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. 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 12 month low of $48.23 and a 12 month high of $71.98. The business has a 50 day moving average price of $56.93 and a two-hundred day moving average price of $59.05.

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

Insider Activity at Alarm.com

In other news, CFO Steve Valenzuela sold 3,436 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. This trade represents a 8.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Daniel Kerzner sold 932 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the transaction, the insider now owns 58,736 shares in the company, valued at approximately $3,259,260.64. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,921 shares of company stock valued at $338,727 in the last three months. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

A number of hedge funds and other institutional investors have recently modified their holdings of ALRM. SBI Securities Co. Ltd. acquired a new stake in shares of Alarm.com in the 4th quarter valued at $25,000. C M Bidwell & Associates Ltd. acquired a new stake in Alarm.com in the fourth quarter worth about $36,000. Nisa Investment Advisors LLC raised its holdings in Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after purchasing an additional 539 shares during the last quarter. Quarry LP lifted its position in Alarm.com by 43.0% during the 4th quarter. Quarry LP now owns 1,008 shares of the software maker’s stock valued at $61,000 after purchasing an additional 303 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Alarm.com by 305.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after purchasing an additional 779 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

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.