Brokerages Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) Price Target at $64.40

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $64.40.

ALRM has been the topic of several recent analyst reports. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. Barclays lifted their target price on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Roth Mkm reduced their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Finally, Jefferies Financial Group assumed coverage on Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company.

Insiders Place Their Bets

In related news, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction on Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the transaction, the insider now owns 59,668 shares in the company, valued at $3,961,955.20. This trade represents a 35.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen C. Evans sold 2,625 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the transaction, the director now directly owns 5,767 shares of the company’s stock, valued at $344,116.89. This represents a 31.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,976 shares of company stock worth $5,576,490. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alarm.com

Hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in shares of Alarm.com by 230.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock valued at $20,844,000 after purchasing an additional 265,936 shares in the last quarter. Bank of Montreal Can raised its holdings in Alarm.com by 2,394.6% during the second quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock worth $17,406,000 after acquiring an additional 262,757 shares in the last quarter. M&G PLC acquired a new position in Alarm.com during the third quarter valued at approximately $9,583,000. Disciplined Growth Investors Inc. MN grew its stake in Alarm.com by 6.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock valued at $157,168,000 after purchasing an additional 163,851 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Alarm.com by 1,729.4% in the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock valued at $7,512,000 after purchasing an additional 111,768 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Alarm.com Price Performance

ALRM opened at $60.37 on Thursday. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 4.08 and a beta of 0.98. The stock’s 50-day moving average price is $62.06 and its 200 day moving average price is $60.63. Alarm.com has a 12-month low of $51.87 and a 12-month high of $77.29.

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.