Weiss Ratings Reaffirms Hold (C) Rating for Alarm.com (NASDAQ:ALRM)

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for Alarm.com (NASDAQ:ALRM), indicating a neutral stance from analysts.
• Zacks Research upgraded Alarm.com from a "hold" to a "strong-buy" rating, showing a shift in analyst sentiment towards the stock.
• Alarm.com reported earnings of $0.60 per share, surpassing estimates, with a year-over-year revenue increase of 8.8% to $254.31 million.

Alarm.com (NASDAQ:ALRM - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research upgraded shares of Alarm.com from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $64.33.

Alarm.com Trading Up 0.8%

ALRM stock traded up $0.41 during trading on Wednesday, reaching $51.82. 137,704 shares of the stock traded hands, compared to its average volume of 362,473. The business's 50 day moving average price is $55.46 and its 200-day moving average price is $55.52. Alarm.com has a 52-week low of $48.23 and a 52-week high of $70.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.95 and a quick ratio of 1.82. The firm has a market capitalization of $2.59 billion, a PE ratio of 21.78, a P/E/G ratio of 2.60 and a beta of 1.04.

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. The business had revenue of $254.31 million for the quarter, compared to analysts' expectations of $243.96 million. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.The company's quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. As a group, sell-side analysts forecast that Alarm.com will post 1.64 earnings per share for the current year.

Institutional Trading of Alarm.com

A number of large investors have recently made changes to their positions in ALRM. Norges Bank purchased a new position in Alarm.com in the second quarter worth $33,459,000. Nuveen LLC acquired a new stake in Alarm.com in the first quarter valued at approximately $21,584,000. Public Sector Pension Investment Board grew its position in Alarm.com by 152.1% in the first quarter. Public Sector Pension Investment Board now owns 310,588 shares of the software maker's stock valued at $17,284,000 after acquiring an additional 187,398 shares in the last quarter. Burgundy Asset Management Ltd. grew its position in shares of Alarm.com by 26.3% during the first quarter. Burgundy Asset Management Ltd. now owns 882,351 shares of the software maker's stock worth $49,103,000 after buying an additional 183,503 shares in the last quarter. Finally, Select Equity Group L.P. grew its position in shares of Alarm.com by 587.4% during the first quarter. Select Equity Group L.P. now owns 200,434 shares of the software maker's stock worth $11,154,000 after buying an additional 171,274 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

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.

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