Alarm.com (NASDAQ:ALRM) Rating Increased to Strong-Buy at StockNews.com

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

Separately, William Blair raised Alarm.com to a “hold” rating in a research report on Thursday, May 9th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.83.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $66.44 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.51 and a quick ratio of 5.03. The stock has a fifty day moving average price of $65.13 and a 200 day moving average price of $66.66. Alarm.com has a 1-year low of $48.61 and a 1-year high of $77.29. The company has a market cap of $3.33 billion, a PE ratio of 39.31, a P/E/G ratio of 3.17 and a beta of 0.92.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, May 9th. The software maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $218.32 million. Sell-side analysts forecast that Alarm.com will post 1.43 EPS for the current year.

Institutional Trading of Alarm.com

Several institutional investors have recently modified their holdings of the company. Oak Ridge Investments LLC grew its holdings in shares of Alarm.com by 0.3% during the 1st quarter. Oak Ridge Investments LLC now owns 63,176 shares of the software maker’s stock worth $4,578,000 after purchasing an additional 173 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Alarm.com by 4.2% in the fourth quarter. QRG Capital Management Inc. now owns 5,681 shares of the software maker’s stock valued at $367,000 after purchasing an additional 229 shares during the last quarter. Cardinal Capital Management increased its holdings in Alarm.com by 2.4% in the fourth quarter. Cardinal Capital Management now owns 12,456 shares of the software maker’s stock valued at $805,000 after purchasing an additional 294 shares during the last quarter. Swiss National Bank increased its holdings in Alarm.com by 0.3% in the first quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock valued at $6,790,000 after purchasing an additional 300 shares during the last quarter. Finally, First PREMIER Bank bought a new stake in Alarm.com in the first quarter valued at about $30,000. Institutional investors and hedge funds 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.