Alarm.com (NASDAQ:ALRM) Price Target Lowered to $56.00 at Barclays

Alarm.com (NASDAQ:ALRM) had its target price lowered by Barclays from $60.00 to $56.00 in a report released on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the software maker’s stock.

Several other equities research analysts have also recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Alarm.com in a research note on Thursday, October 30th. Zacks Research downgraded Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Alarm.com currently has a consensus rating of “Hold” and an average target price of $61.00.

Alarm.com Stock Performance

Shares of Alarm.com stock traded up $2.73 during trading on Friday, reaching $49.86. The company’s stock had a trading volume of 482,592 shares, compared to its average volume of 335,819. The company has a quick ratio of 1.82, a current ratio of 1.95 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $52.60 and its 200-day moving average price is $55.07. Alarm.com has a 52 week low of $46.65 and a 52 week high of $70.06. The firm has a market cap of $2.49 billion, a PE ratio of 21.13, a P/E/G ratio of 2.35 and a beta of 1.06.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, November 6th. The software maker reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.14. Alarm.com had a net margin of 12.92% and a return on equity of 14.57%. The business had revenue of $256.40 million during the quarter, compared to analysts’ expectations of $251.14 million. During the same quarter in the previous year, the company earned $0.62 EPS. The business’s revenue was up 6.6% on a year-over-year basis. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. Equities analysts forecast that Alarm.com will post 1.64 earnings per share for the current year.

Institutional Trading of Alarm.com

Large investors have recently bought and sold shares of the business. Strengthening Families & Communities LLC acquired a new position in Alarm.com during the third quarter worth about $27,000. Hantz Financial Services Inc. lifted its stake in Alarm.com by 2,637.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock valued at $42,000 after purchasing an additional 765 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Alarm.com in the 2nd quarter valued at approximately $43,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Alarm.com in the third quarter valued at approximately $46,000. Finally, Larson Financial Group LLC grew its stake in shares of Alarm.com by 235.5% during the first quarter. Larson Financial Group LLC now owns 916 shares of the software maker’s stock worth $51,000 after buying an additional 643 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

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.