Alarm.com Holdings, Inc. (NASDAQ:ALRM) Given Average Recommendation of “Hold” by Brokerages

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $64.40.

A number of research firms have commented on ALRM. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their target price 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 price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Jefferies Financial Group assumed coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective on the stock. Finally, Barclays raised their target price 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.

Insider Buying and Selling at Alarm.com

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Alarm.com by 29.5% in the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after acquiring an additional 238 shares during the last quarter. Nicolet Advisory Services LLC raised its position in Alarm.com by 6.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock worth $250,000 after purchasing an additional 272 shares during the period. Huntington National Bank lifted its stake in Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after purchasing an additional 367 shares during the last quarter. Quarry LP boosted its position in shares of Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after buying an additional 525 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after buying an additional 539 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Alarm.com Stock Down 1.1 %

Shares of ALRM stock opened at $61.46 on Monday. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 3.72 and a beta of 0.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. The company’s fifty day moving average price is $63.09 and its 200-day moving average price is $60.39. Alarm.com has a one year low of $51.87 and a one year high of $77.29.

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.