Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives $64.33 Consensus Target Price from Analysts

Key Points

• Alarm.com Holdings, Inc. has received a consensus rating of "Moderate Buy" from analysts, with a price target averaging $64.33 among brokerages.
• The company reported better-than-expected quarterly earnings of $0.60 per share, surpassing estimates of $0.52 and showing an 8.8% revenue growth year-over-year.
• Insider trading activities included CFO Kevin Christopher Bradley selling 754 shares for approximately $42,789, which reflects a 1.40% decrease in his ownership stake.

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) has earned an average rating of "Moderate Buy" from the seven analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $64.3333.

Separately, Zacks Research upgraded Alarm.com from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th.

Insider Buying and Selling at Alarm.com

In other news, CFO Kevin Christopher Bradley sold 754 shares of Alarm.com stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $56.75, for a total transaction of $42,789.50. Following the transaction, the chief financial officer owned 53,056 shares in the company, valued at $3,010,928. The trade was a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alarm.com

Institutional investors have recently modified their holdings of the business. Bessemer Group Inc. lifted its holdings in shares of Alarm.com by 304.6% during the 1st quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock valued at $39,000 after purchasing an additional 533 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Alarm.com during the 2nd quarter valued at about $43,000. Larson Financial Group LLC lifted its holdings in shares of Alarm.com by 235.5% during the 1st quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock valued at $51,000 after purchasing an additional 643 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Alarm.com during the 2nd quarter valued at about $57,000. Finally, Strs Ohio bought a new position in shares of Alarm.com during the 1st quarter valued at about $56,000. Institutional investors own 91.74% of the company's stock.

Alarm.com Trading Down 1.3%

ALRM traded down $0.72 during midday trading on Friday, reaching $56.26. 298,761 shares of the company were exchanged, compared to its average volume of 342,979. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.82 and a current ratio of 1.95. Alarm.com has a one year low of $48.23 and a one year high of $70.06. The stock has a market capitalization of $2.81 billion, a P/E ratio of 23.64, a PEG ratio of 2.84 and a beta of 1.07. The stock's 50-day simple moving average is $56.29 and its 200 day simple moving average is $56.17.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.08. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.The firm had revenue of $254.31 million for the quarter, compared to analysts' expectations of $243.96 million. During the same quarter last year, the business earned $0.58 earnings per share. The company's revenue was up 8.8% compared to the same quarter last year. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. As a group, analysts forecast that Alarm.com will post 1.64 earnings per share 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.