StockNews.com Lowers Alarm.com (NASDAQ:ALRM) to Buy

StockNews.com lowered shares of Alarm.com (NASDAQ:ALRM) from a strong-buy rating to a buy rating in a report published on Friday morning.

Several other research analysts have also issued reports on the company. Barclays upped their target price on Alarm.com from $66.00 to $78.00 and gave the company an equal weight rating in a research report on Friday, February 23rd. William Blair raised Alarm.com to a hold rating in a research report on Thursday, May 9th. TheStreet raised Alarm.com from a c+ rating to a b- rating in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Alarm.com from $62.00 to $70.00 and gave the company a neutral rating in a report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $68.83.

Alarm.com Trading Down 0.9 %

ALRM opened at $61.84 on Friday. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 3.04 and a beta of 0.88. The company has a current ratio of 5.51, a quick ratio of 5.03 and a debt-to-equity ratio of 0.68. Alarm.com has a 12 month low of $48.01 and a 12 month high of $77.29. The stock has a fifty day moving average price of $66.46 and a 200-day moving average price of $66.21.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, May 9th. The software maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. Alarm.com had a return on equity of 12.14% and a net margin of 10.08%. The company had revenue of $223.28 million for the quarter, compared to analyst estimates of $218.32 million. As a group, equities research analysts anticipate that Alarm.com will post 1.43 earnings per share for the current fiscal year.

Insider Transactions at Alarm.com

In other news, CFO Steve Valenzuela sold 1,716 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $120,120.00. Following the sale, the chief financial officer now owns 35,784 shares in the company, valued at $2,504,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Steve Valenzuela sold 1,716 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $120,120.00. Following the sale, the chief financial officer now owns 35,784 shares in the company, valued at $2,504,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Ramos sold 1,418 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $99,260.00. Following the completion of the sale, the insider now owns 38,282 shares in the company, valued at approximately $2,679,740. The disclosure for this sale can be found here. Insiders have sold 6,351 shares of company stock worth $444,570 over the last quarter. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alarm.com

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Alarm.com by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,078,887 shares of the software maker’s stock worth $69,715,000 after purchasing an additional 16,704 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Alarm.com by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 469,746 shares of the software maker’s stock worth $28,720,000 after purchasing an additional 27,243 shares in the last quarter. Algert Global LLC boosted its position in Alarm.com by 22.2% during the third quarter. Algert Global LLC now owns 147,301 shares of the software maker’s stock worth $9,006,000 after purchasing an additional 26,799 shares in the last quarter. Richard Bernstein Advisors LLC purchased a new position in Alarm.com during the third quarter worth approximately $5,431,000. Finally, FMR LLC boosted its position in Alarm.com by 18,200.6% during the third quarter. FMR LLC now owns 312,391 shares of the software maker’s stock worth $19,100,000 after purchasing an additional 310,684 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Company Profile

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.