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

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $64.40.

ALRM has been the topic of several research analyst reports. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Jefferies Financial Group began coverage on Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price on the stock. Barclays raised their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. reiterated 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, The Goldman Sachs Group raised their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th.

Alarm.com Stock Performance

NASDAQ:ALRM opened at $59.11 on Friday. Alarm.com has a fifty-two week low of $51.87 and a fifty-two week high of $77.29. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The company has a 50 day moving average price of $61.58 and a 200 day moving average price of $59.53. The stock has a market capitalization of $2.93 billion, a P/E ratio of 25.81, a PEG ratio of 3.59 and a beta of 0.98.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. The company had revenue of $242.24 million for the quarter, compared to analysts’ expectations of $237.44 million. Equities research analysts forecast that Alarm.com will post 1.64 EPS for the current year.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 47,500 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total value of $3,238,550.00. Following the completion of the sale, the chief executive officer now owns 252,682 shares in the company, valued at $17,227,858.76. This represents a 15.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the completion of the sale, the insider now owns 59,668 shares of the company’s stock, valued at $3,961,955.20. This trade represents a 35.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Alarm.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Alarm.com in the 4th quarter valued at $25,000. C M Bidwell & Associates Ltd. acquired a new stake in Alarm.com during the 4th quarter worth $36,000. Quarry LP increased its holdings in Alarm.com by 291.7% in the third quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock worth $57,000 after acquiring an additional 539 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after purchasing an additional 367 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

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.