Brokerages Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) Price Target at $68.83

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $68.83.

Several equities research analysts have weighed in on ALRM shares. Roth Mkm lifted their price target on shares of Alarm.com from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. TheStreet raised shares of Alarm.com from a “c+” rating to a “b-” rating in a research report on Friday, February 23rd. Barclays boosted their target price on shares of Alarm.com from $66.00 to $78.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. upped their price target on shares of Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Finally, StockNews.com raised shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a report on Friday, March 15th.

Insider Buying and Selling at Alarm.com

In other news, insider Daniel Ramos sold 8,250 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.44, for a total transaction of $614,130.00. Following the sale, the insider now directly owns 39,700 shares in the company, valued at approximately $2,955,268. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Daniel Kerzner sold 28,433 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the transaction, the insider now directly owns 57,351 shares of the company’s stock, valued at $4,013,422.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Daniel Ramos sold 8,250 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.44, for a total value of $614,130.00. Following the transaction, the insider now directly owns 39,700 shares in the company, valued at $2,955,268. The disclosure for this sale can be found here. Insiders sold 111,532 shares of company stock valued at $8,116,333 in the last 90 days. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Alarm.com

Large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of Alarm.com by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 469,746 shares of the software maker’s stock worth $28,720,000 after purchasing an additional 27,243 shares in the last quarter. Algert Global LLC increased its position in shares of Alarm.com by 22.2% in the 3rd quarter. Algert Global LLC now owns 147,301 shares of the software maker’s stock valued at $9,006,000 after acquiring an additional 26,799 shares during the period. Pathstone Family Office LLC increased its position in shares of Alarm.com by 184.2% in the 3rd quarter. Pathstone Family Office LLC now owns 14,266 shares of the software maker’s stock valued at $881,000 after acquiring an additional 9,247 shares during the period. Richard Bernstein Advisors LLC acquired a new position in shares of Alarm.com in the 3rd quarter valued at $5,431,000. Finally, FMR LLC increased its position in shares of Alarm.com by 18,200.6% in the 3rd quarter. FMR LLC now owns 312,391 shares of the software maker’s stock valued at $19,100,000 after acquiring an additional 310,684 shares during the period. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Price Performance

ALRM stock opened at $66.90 on Friday. The stock has a 50-day moving average price of $70.76 and a two-hundred day moving average price of $63.61. Alarm.com has a 1 year low of $44.92 and a 1 year high of $77.29. The company has a current ratio of 5.46, a quick ratio of 4.91 and a debt-to-equity ratio of 0.72. The stock has a market cap of $3.36 billion, a PE ratio of 43.73, a price-to-earnings-growth ratio of 3.77 and a beta of 0.94.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, February 22nd. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The business had revenue of $226.20 million for the quarter, compared to the consensus estimate of $224.93 million. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. Equities analysts forecast that Alarm.com will post 1.39 EPS for the current fiscal year.

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.