Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives $61.20 Average PT from Analysts

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $64.33.

ALRM has been the topic of several analyst reports. The Goldman Sachs Group lowered their target price on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Barclays lowered their target price on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Finally, Raymond James lowered their target price on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a report on Friday, May 9th.

Alarm.com Trading Down 2.1%

Shares of ALRM stock opened at $58.71 on Friday. Alarm.com has a 52-week low of $48.23 and a 52-week high of $71.98. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 3.59 and a beta of 1.02. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The firm has a fifty day moving average of $54.59 and a 200-day moving average of $59.16.

Alarm.com (NASDAQ:ALRM) last posted its 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 return on equity of 13.55% and a net margin of 13.21%. The firm had revenue of $242.24 million during the quarter, compared to the consensus estimate of $237.44 million. On average, equities research analysts forecast that Alarm.com will post 1.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alarm.com news, insider Daniel Kerzner sold 932 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the sale, the insider now owns 58,736 shares of the company’s stock, valued at $3,259,260.64. This represents a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. This represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,921 shares of company stock valued at $338,727 in the last 90 days. 5.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in shares of Alarm.com in the 4th quarter valued at about $25,000. C M Bidwell & Associates Ltd. bought a new position in shares of Alarm.com in the 4th quarter valued at about $36,000. Bessemer Group Inc. boosted its stake in shares of Alarm.com by 304.6% in the 1st quarter. Bessemer Group Inc. now owns 708 shares of the software maker’s stock valued at $39,000 after purchasing an additional 533 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Alarm.com by 235.5% in the 1st quarter. Larson Financial Group LLC now owns 916 shares of the software maker’s stock valued at $51,000 after purchasing an additional 643 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Alarm.com by 134.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after purchasing an additional 539 shares during the last quarter. Institutional investors 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.