Alarm.com (NASDAQ:ALRM) PT Lowered to $72.00

Alarm.com (NASDAQ:ALRM) had its price target decreased by investment analysts at Barclays from $78.00 to $72.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the software maker’s stock. Barclays‘s price objective would indicate a potential upside of 9.54% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. StockNews.com raised Alarm.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday. William Blair upgraded shares of 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.83.

Alarm.com Stock Down 1.1 %

ALRM stock opened at $65.73 on Thursday. Alarm.com has a 1-year low of $48.61 and a 1-year high of $77.29. The firm has a fifty day moving average price of $65.08 and a two-hundred day moving average price of $66.69. 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 firm has a market cap of $3.30 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 3.18 and a beta of 0.92.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, May 9th. The software maker reported $0.35 EPS for the quarter, topping 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 firm had revenue of $223.28 million during the quarter, compared to the consensus estimate of $218.32 million. Research analysts predict that Alarm.com will post 1.43 EPS for the current year.

Hedge Funds Weigh In On Alarm.com

A number of institutional investors have recently bought and sold shares of ALRM. First PREMIER Bank acquired a new stake in shares of Alarm.com during the first quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new stake in shares of Alarm.com in the fourth quarter valued at $31,000. Pacer Advisors Inc. acquired a new stake in shares of Alarm.com in the fourth quarter worth $39,000. YHB Investment Advisors Inc. purchased a new position in shares of Alarm.com during the first quarter valued at $56,000. Finally, CWM LLC raised its position in Alarm.com by 42.0% during the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after buying an additional 618 shares during the period. 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.