Alarm.com Holdings, Inc. (NASDAQ:ALRM) Short Interest Update

Alarm.com Holdings, Inc. (NASDAQ:ALRM) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 2,040,000 shares, an increase of 5.7% from the May 31st total of 1,930,000 shares. Currently, 4.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 413,100 shares, the short-interest ratio is currently 4.9 days.

Alarm.com Price Performance

Shares of ALRM opened at $64.32 on Friday. Alarm.com has a fifty-two week low of $48.61 and a fifty-two week high of $77.29. The firm’s 50 day moving average price is $65.32 and its 200 day moving average price is $66.54. The company has a market cap of $3.23 billion, a P/E ratio of 38.06, a PEG ratio of 3.11 and a beta of 0.92. The company has a quick ratio of 5.03, a current ratio of 5.51 and a debt-to-equity ratio of 0.68.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, May 9th. The software maker reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. The firm had revenue of $223.28 million for the quarter, compared to the consensus estimate of $218.32 million. On average, research analysts forecast that Alarm.com will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alarm.com

A number of large investors have recently modified their holdings of the company. EULAV Asset Management increased its position in shares of Alarm.com by 14.5% in the 1st quarter. EULAV Asset Management now owns 41,900 shares of the software maker’s stock valued at $3,036,000 after purchasing an additional 5,300 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Alarm.com by 36.8% in the 1st quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock valued at $2,379,000 after buying an additional 8,843 shares during the last quarter. Bayesian Capital Management LP purchased a new position in shares of Alarm.com in the 1st quarter valued at $228,000. Price T Rowe Associates Inc. MD grew its position in shares of Alarm.com by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,950 shares of the software maker’s stock valued at $2,389,000 after buying an additional 1,755 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Alarm.com by 5.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 42,775 shares of the software maker’s stock valued at $3,094,000 after buying an additional 2,134 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ALRM shares. StockNews.com downgraded shares of Alarm.com from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 14th. William Blair upgraded shares of Alarm.com to a “hold” rating in a report on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.83.

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.