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

StockNews.com upgraded shares of Alarm.com (NASDAQ:ALRM) from a hold rating to a buy rating in a report published on Friday.

A number of other equities analysts also recently commented on ALRM. The Goldman Sachs Group assumed coverage on shares of Alarm.com in a report on Friday, September 6th. They issued a neutral rating and a $64.00 price objective for the company. Barclays lowered their price objective on shares of Alarm.com from $78.00 to $72.00 and set an equal weight rating for the company in a research report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Alarm.com currently has an average rating of Hold and a consensus price target of $69.00.

Alarm.com Price Performance

ALRM opened at $55.25 on Friday. The company has a market capitalization of $2.72 billion, a P/E ratio of 32.69, a PEG ratio of 3.26 and a beta of 0.90. The company has a 50-day moving average of $62.64 and a 200-day moving average of $66.03. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25. Alarm.com has a 1-year low of $49.70 and a 1-year high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.09. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The firm had revenue of $233.80 million during the quarter, compared to analyst estimates of $227.35 million. During the same period in the previous year, the company earned $0.33 earnings per share. Alarm.com’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts expect that Alarm.com will post 1.4 EPS for the current fiscal year.

Insider Activity

In related news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

A number of hedge funds and other institutional investors have recently made changes to their positions in ALRM. Vanguard Group Inc. increased its stake in shares of Alarm.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker’s stock valued at $426,190,000 after acquiring an additional 63,653 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in Alarm.com by 6.2% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker’s stock valued at $172,257,000 after purchasing an additional 158,465 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Alarm.com by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock valued at $73,889,000 after purchasing an additional 42,281 shares during the period. Norges Bank bought a new stake in shares of Alarm.com in the 4th quarter worth $33,277,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Alarm.com by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 474,664 shares of the software maker’s stock valued at $30,673,000 after buying an additional 4,918 shares during the period. 91.74% of the stock is currently owned by 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.