StockNews.com Upgrades Alarm.com (NASDAQ:ALRM) to “Buy”

Alarm.com (NASDAQ:ALRM) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Several other analysts have also recently issued reports on the stock. Barclays boosted their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Jefferies Financial Group started coverage on Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target for the company. The Goldman Sachs Group lifted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Roth Mkm dropped their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 price target (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $64.40.

Alarm.com Price Performance

ALRM opened at $64.35 on Wednesday. The company’s 50 day simple moving average is $60.40 and its 200 day simple moving average is $60.73. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. Alarm.com has a 1 year low of $51.87 and a 1 year high of $77.29. The stock has a market capitalization of $3.18 billion, a PE ratio of 27.86, a P/E/G ratio of 4.08 and a beta of 0.97.

Insiders Place Their Bets

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total value of $156,633.75. Following the transaction, the director now owns 5,767 shares in the company, valued at $344,116.89. The trade was a 31.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel Kerzner sold 32,851 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the sale, the insider now owns 59,668 shares of the company’s stock, valued at $3,961,955.20. This represents a 35.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,976 shares of company stock worth $5,576,490 in the last 90 days. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its position in shares of Alarm.com by 230.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock valued at $20,844,000 after purchasing an additional 265,936 shares in the last quarter. Bank of Montreal Can raised its holdings in Alarm.com by 2,394.6% in the second quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock valued at $17,406,000 after acquiring an additional 262,757 shares in the last quarter. M&G PLC bought a new position in Alarm.com during the 3rd quarter valued at $9,583,000. Disciplined Growth Investors Inc. MN grew its holdings in Alarm.com by 6.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after acquiring an additional 163,851 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Alarm.com by 1,729.4% in the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock worth $7,512,000 after purchasing an additional 111,768 shares during the last quarter. Hedge funds and other 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.