Barclays Issues Positive Forecast for Alarm.com (NASDAQ:ALRM) Stock Price

Alarm.com (NASDAQ:ALRM) had its price objective boosted by stock analysts at Barclays from $60.00 to $67.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the software maker’s stock. Barclays‘s target price would indicate a potential upside of 5.35% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. The Goldman Sachs Group upped their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday. Roth Mkm dropped their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group assumed coverage on Alarm.com in a report on Tuesday. They issued a “buy” rating and a $65.00 price target for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.40.

Alarm.com Stock Performance

Shares of ALRM stock traded up $6.46 on Friday, hitting $63.60. The company had a trading volume of 440,816 shares, compared to its average volume of 368,771. Alarm.com has a twelve month low of $51.19 and a twelve month high of $77.29. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52. The firm has a market cap of $3.13 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 3.25 and a beta of 0.90. The company has a 50-day moving average price of $54.73 and a 200-day moving average price of $61.39.

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

Insider Buying and Selling

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was 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 directly owns 41,100 shares in the company, valued at approximately $2,540,391. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction on Friday, August 23rd. The stock was 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 approximately $2,540,391. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Alarm.com

Several hedge funds and other institutional investors have recently modified their holdings of ALRM. Thrivent Financial for Lutherans grew its stake in Alarm.com by 2.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 42,635 shares of the software maker’s stock valued at $2,330,000 after acquiring an additional 971 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Alarm.com by 52.4% during 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 during the last quarter. Geneva Capital Management LLC grew its position in shares of Alarm.com by 0.8% in the third quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker’s stock valued at $71,480,000 after purchasing an additional 10,630 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Alarm.com by 369.7% in the third quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker’s stock valued at $3,802,000 after purchasing an additional 54,738 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in Alarm.com during the third quarter worth approximately $558,000. 91.74% of the stock is 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.