Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) have earned an average rating of "Moderate Buy" from the six research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $68.83.
A number of analysts have recently commented on ALRM shares. JPMorgan Chase & Co. upped their price objective on Alarm.com from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, February 23rd. TheStreet raised Alarm.com from a "c+" rating to a "b-" rating in a research note on Friday, February 23rd. Roth Mkm increased their target price on shares of Alarm.com from $67.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, January 3rd. Barclays lifted their price target on shares of Alarm.com from $66.00 to $78.00 and gave the company an "equal weight" rating in a research report on Friday, February 23rd. Finally, StockNews.com raised shares of Alarm.com from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 15th.
View Our Latest Research Report on Alarm.com
Insider Buying and Selling at Alarm.com
In related news, insider Daniel Ramos sold 8,250 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.44, for a total value of $614,130.00. Following the transaction, the insider now owns 39,700 shares in the company, valued at $2,955,268. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Daniel Kerzner sold 28,433 shares of Alarm.com stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $69.98, for a total value of $1,989,741.34. Following the completion of the transaction, the insider now directly owns 57,351 shares in the company, valued at $4,013,422.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Ramos sold 8,250 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $74.44, for a total value of $614,130.00. Following the sale, the insider now directly owns 39,700 shares in the company, valued at $2,955,268. The disclosure for this sale can be found here. Insiders sold a total of 105,181 shares of company stock valued at $7,671,763 in the last ninety days. Insiders own 5.60% of the company's stock.
Institutional Trading of Alarm.com
A number of institutional investors and hedge funds have recently modified their holdings of the business. Operose Advisors LLC acquired a new stake in shares of Alarm.com in the 3rd quarter worth about $26,000. Pinebridge Investments L.P. acquired a new stake in shares of Alarm.com in the second quarter valued at approximately $28,000. Signaturefd LLC raised its holdings in shares of Alarm.com by 474.7% during the third quarter. Signaturefd LLC now owns 500 shares of the software maker's stock valued at $31,000 after buying an additional 413 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Alarm.com during the fourth quarter worth approximately $31,000. Finally, Pacer Advisors Inc. bought a new position in Alarm.com in the 4th quarter worth approximately $39,000. 91.74% of the stock is owned by institutional investors and hedge funds.
Alarm.com Trading Down 1.7 %
Shares of NASDAQ:ALRM traded down $1.18 during midday trading on Tuesday, reaching $69.98. The company's stock had a trading volume of 206,250 shares, compared to its average volume of 251,078. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 45.83, a price-to-earnings-growth ratio of 4.11 and a beta of 0.94. The business has a 50 day moving average price of $69.85 and a 200 day moving average price of $62.57. Alarm.com has a 1 year low of $44.92 and a 1 year high of $77.29. The company has a quick ratio of 4.91, a current ratio of 5.46 and a debt-to-equity ratio of 0.72.
Alarm.com (NASDAQ:ALRM - Get Free Report) last released its earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The company had revenue of $226.20 million during the quarter, compared to analyst estimates of $224.93 million. During the same period in the prior year, the business posted $0.33 earnings per share. Alarm.com's revenue was up 8.7% on a year-over-year basis. Research analysts forecast that Alarm.com will post 1.39 EPS for the current year.
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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