Brokerages Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) Target Price at $61.20

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) has received a consensus rating of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $64.33.

A number of analysts have commented on ALRM shares. Raymond James reduced their price objective on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research note on Friday. Barclays cut their target price on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, The Goldman Sachs Group reduced their price target on Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, April 17th.

Insider Activity at Alarm.com

In other Alarm.com news, insider Daniel Kerzner sold 932 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the transaction, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen Trundle sold 1,553 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the transaction, the chief executive officer now owns 251,129 shares in the company, valued at approximately $13,935,148.21. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,921 shares of company stock worth $338,727. Company insiders own 5.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ALRM. Charles Schwab Investment Management Inc. boosted its holdings in Alarm.com by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 535,678 shares of the software maker's stock valued at $29,810,000 after acquiring an additional 5,295 shares during the last quarter. Geneva Capital Management LLC boosted its stake in shares of Alarm.com by 0.9% in the 1st quarter. Geneva Capital Management LLC now owns 1,310,216 shares of the software maker's stock valued at $72,913,000 after purchasing an additional 12,198 shares during the last quarter. US Bancorp DE grew its position in shares of Alarm.com by 99.4% during the 1st quarter. US Bancorp DE now owns 12,761 shares of the software maker's stock worth $710,000 after buying an additional 6,362 shares during the period. Seizert Capital Partners LLC raised its stake in shares of Alarm.com by 55.0% during the first quarter. Seizert Capital Partners LLC now owns 79,617 shares of the software maker's stock worth $4,431,000 after buying an additional 28,237 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Alarm.com in the first quarter valued at approximately $833,000. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Price Performance

Shares of NASDAQ:ALRM traded up $0.71 during trading hours on Friday, hitting $56.02. 620,839 shares of the company's stock traded hands, compared to its average volume of 420,429. 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's fifty day simple moving average is $54.52 and its two-hundred day simple moving average is $59.08. Alarm.com has a 52 week low of $48.23 and a 52 week high of $71.98. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) 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 business had revenue of $242.24 million during the quarter, compared to analyst estimates of $237.44 million. As a group, equities analysts anticipate that Alarm.com will post 1.64 EPS for the current fiscal year.

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.