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

Alarm.com (NASDAQ:ALRM) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other brokerages have also weighed in on ALRM. Barclays reduced their price objective on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 11th. The Goldman Sachs Group began coverage on Alarm.com in a research note on Friday, September 6th. They issued a “neutral” rating and a $64.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.00.

Alarm.com Price Performance

Shares of ALRM stock opened at $54.01 on Friday. The firm has a fifty day moving average of $63.03 and a 200-day moving average of $66.32. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 3.30 and a beta of 0.90. Alarm.com has a 12-month low of $49.70 and a 12-month high of $77.29.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.09. The company had revenue of $233.80 million for the quarter, compared to analyst estimates of $227.35 million. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. Alarm.com’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. On average, equities research analysts forecast that Alarm.com will post 1.4 earnings per share for the current year.

Insider Activity at Alarm.com

In other news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,260,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ALRM. First PREMIER Bank purchased a new position in Alarm.com in the 1st quarter worth approximately $30,000. YHB Investment Advisors Inc. bought a new position in shares of Alarm.com in the first quarter worth approximately $56,000. Point72 DIFC Ltd raised its holdings in Alarm.com by 293.6% during the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after buying an additional 1,101 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Alarm.com during the 2nd quarter valued at $108,000. Finally, CWM LLC boosted its holdings in shares of Alarm.com by 42.0% during the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after purchasing an additional 618 shares during the period. 91.74% of the stock is owned by institutional investors.

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.