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

Alarm.com (NASDAQ:ALRM) had its target price lowered by equities research analysts at Barclays from $67.00 to $60.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the software maker’s stock. Barclays‘s target price would indicate a potential upside of 16.64% from the stock’s current price.

Separately, StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $63.00.

Alarm.com Stock Performance

Alarm.com stock opened at $51.44 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. Alarm.com has a fifty-two week low of $48.23 and a fifty-two week high of $71.98. The stock has a fifty day moving average of $57.41 and a two-hundred day moving average of $59.14. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 3.59 and a beta of 1.03.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The firm had revenue of $242.24 million during the quarter, compared to analysts’ expectations of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. On average, analysts anticipate that Alarm.com will post 1.64 EPS for the current fiscal year.

Insider Activity

In other Alarm.com news, insider Daniel Kerzner sold 932 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the sale, the insider now owns 58,736 shares of the company’s stock, valued at approximately $3,259,260.64. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen Trundle sold 1,553 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $86,175.97. Following the sale, the chief executive officer now owns 251,129 shares of the company’s stock, valued at $13,935,148.21. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,921 shares of company stock valued at $338,727 in the last ninety days. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

Several institutional investors have recently bought and sold shares of ALRM. Principal Financial Group Inc. lifted its holdings in shares of Alarm.com by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 265,301 shares of the software maker’s stock valued at $16,130,000 after acquiring an additional 11,531 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in Alarm.com in the fourth quarter valued at about $259,000. KBC Group NV lifted its stake in shares of Alarm.com by 47.9% during the fourth quarter. KBC Group NV now owns 1,920 shares of the software maker’s stock worth $117,000 after purchasing an additional 622 shares in the last quarter. Barclays PLC boosted its position in shares of Alarm.com by 323.2% in the third quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock worth $4,997,000 after buying an additional 69,804 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Alarm.com by 2.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker’s stock valued at $23,786,000 after buying an additional 9,935 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

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.