Alarm.com (NASDAQ:ALRM) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Alarm.com (NASDAQ:ALRM) had its target price lifted by The Goldman Sachs Group from $64.00 to $67.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the software maker’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 17.26% from the stock’s current price.

ALRM has been the subject of a number of other reports. Barclays dropped their price target on Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Jefferies Financial Group started coverage on shares of Alarm.com in a research report on Tuesday. They set a “buy” rating and a $65.00 price objective for the company. Finally, Roth Mkm decreased their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Alarm.com presently has an average rating of “Hold” and a consensus price target of $67.00.

Alarm.com Price Performance

Alarm.com stock opened at $57.14 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25. The company’s fifty day moving average price is $54.73 and its 200 day moving average price is $61.39. The stock has a market capitalization of $2.81 billion, a P/E ratio of 28.43, a P/E/G ratio of 3.25 and a beta of 0.90. Alarm.com has a 1 year low of $51.19 and a 1 year high of $77.29.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. The business had revenue of $233.80 million during the quarter, compared to analyst estimates of $227.35 million. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 earnings per share. As a group, equities research analysts anticipate that Alarm.com will post 1.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares in the company, valued at $2,540,391. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the transaction, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of Alarm.com

Several hedge funds have recently modified their holdings of ALRM. Oakworth Capital Inc. acquired a new stake in shares of Alarm.com during the 3rd quarter valued at approximately $38,000. Huntington National Bank raised its holdings in Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after purchasing an additional 367 shares during the last quarter. Point72 DIFC Ltd grew its holdings in Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after purchasing an additional 1,101 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Alarm.com during the 2nd quarter worth $108,000. Finally, CWM LLC boosted its position in shares of Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after buying an additional 618 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

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.