Alarm.com (NASDAQ:ALRM) Rating Increased to Buy at StockNews.com

Alarm.com (NASDAQ:ALRM) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other research firms have also commented on ALRM. Barclays lifted their price target on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Roth Mkm lowered their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. 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 price target on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Finally, The Goldman Sachs Group increased their target price on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.40.

Alarm.com Stock Performance

Shares of ALRM opened at $64.35 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. Alarm.com has a 12-month low of $51.87 and a 12-month high of $77.29. The business’s fifty day moving average price is $60.40 and its 200 day moving average price is $60.73. The stock has a market capitalization of $3.18 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 4.08 and a beta of 0.97.

Insiders Place Their Bets

In related news, insider Daniel Kerzner sold 32,851 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the sale, the insider now owns 59,668 shares of the company’s stock, valued at $3,961,955.20. The trade was a 35.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen C. Evans sold 2,625 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the sale, the director now owns 5,767 shares of the company’s stock, valued at $344,116.89. This trade represents a 31.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,976 shares of company stock worth $5,576,490. 5.60% of the stock is owned by company insiders.

Institutional Trading of Alarm.com

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust grew its holdings in Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after acquiring an additional 183 shares during the period. Arizona State Retirement System grew its stake in shares of Alarm.com by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after purchasing an additional 232 shares during the last quarter. Nicolet Advisory Services LLC grew its stake in shares of Alarm.com by 6.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock worth $250,000 after purchasing an additional 272 shares during the last quarter. Huntington National Bank raised its holdings in shares of Alarm.com by 52.4% in the 3rd 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. Finally, Louisiana State Employees Retirement System lifted its stake in Alarm.com by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the software maker’s stock valued at $1,608,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

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.