Alarm.com (NASDAQ:ALRM) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Alarm.com (NASDAQ:ALRM) had its target price increased by The Goldman Sachs Group from $64.00 to $67.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the software maker’s stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group initiated coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. Roth Mkm cut 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 note on Wednesday, October 9th. Barclays cut their target price on shares of Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Finally, StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $68.40.

Alarm.com Stock Performance

Shares of NASDAQ ALRM opened at $63.51 on Friday. The firm has a fifty day moving average price of $54.81 and a 200-day moving average price of $61.31. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. The stock has a market cap of $3.13 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 3.49 and a beta of 0.90. Alarm.com has a 1 year low of $51.19 and a 1 year high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. The firm had revenue of $233.80 million during the quarter, compared to analysts’ expectations of $227.35 million. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 earnings per share. Equities analysts anticipate that Alarm.com will post 1.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was 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 owns 37,500 shares of the company’s stock, valued at $2,260,125. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

Several institutional investors have recently made changes to their positions in ALRM. Oakworth Capital Inc. bought a new stake in Alarm.com during the 3rd quarter valued at about $38,000. Huntington National Bank lifted its holdings in Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after buying an additional 367 shares in the last quarter. Point72 DIFC Ltd lifted 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 in the last quarter. Canada Pension Plan Investment Board bought a new stake in Alarm.com during the 2nd quarter valued at about $108,000. Finally, CWM LLC lifted its holdings in Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after buying an additional 618 shares in the last quarter. Institutional investors 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.