Alarm.com Holdings, Inc. (NASDAQ:ALRM) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $68.83.

A number of analysts have weighed in on ALRM shares. StockNews.com upgraded shares of Alarm.com from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 15th. Barclays raised their price objective on shares of Alarm.com from $66.00 to $78.00 and gave the stock an "equal weight" rating in a report on Friday, February 23rd. Roth Mkm raised their price objective on shares of Alarm.com from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, January 3rd. TheStreet raised shares of Alarm.com from a "c+" rating to a "b-" rating in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Alarm.com from $62.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, February 23rd.

Insider Activity

In other news, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $73.80, for a total transaction of $3,690,000.00. Following the sale, the chief executive officer now owns 1,289,343 shares in the company, valued at $95,153,513.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $73.80, for a total transaction of $3,690,000.00. Following the sale, the chief executive officer now owns 1,289,343 shares in the company, valued at $95,153,513.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel Kerzner sold 28,433 shares of Alarm.com stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the sale, the insider now owns 57,351 shares in the company, valued at approximately $4,013,422.98. The disclosure for this sale can be found here. Insiders have sold a total of 111,532 shares of company stock worth $8,116,333 over the last quarter. Insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On Alarm.com

Several large investors have recently bought and sold shares of ALRM. YHB Investment Advisors Inc. purchased a new stake in Alarm.com in the first quarter worth about $56,000. Hennion & Walsh Asset Management Inc. lifted its stake in Alarm.com by 61.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 21,862 shares of the software maker's stock worth $1,584,000 after acquiring an additional 8,322 shares during the period. Cardinal Capital Management lifted its stake in Alarm.com by 33.1% in the first quarter. Cardinal Capital Management now owns 16,578 shares of the software maker's stock worth $1,201,000 after acquiring an additional 4,122 shares during the period. First PREMIER Bank purchased a new stake in Alarm.com in the first quarter worth about $30,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Alarm.com by 78.8% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 95,300 shares of the software maker's stock worth $6,158,000 after acquiring an additional 42,000 shares during the period. Institutional investors own 91.74% of the company's stock.

Alarm.com Stock Up 1.1 %

Shares of Alarm.com stock traded up $0.74 during trading on Friday, hitting $65.97. The company's stock had a trading volume of 195,900 shares, compared to its average volume of 212,830. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.91 and a current ratio of 5.46. The company has a fifty day simple moving average of $70.91 and a two-hundred day simple moving average of $63.43. The company has a market capitalization of $3.31 billion, a PE ratio of 43.12, a P/E/G ratio of 3.70 and a beta of 0.94. Alarm.com has a 52 week low of $44.92 and a 52 week high of $77.29.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $226.20 million during the quarter, compared to the consensus estimate of $224.93 million. Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The firm's revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. Equities research analysts predict that Alarm.com will post 1.39 earnings per share for the current year.

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.