Alarm.com Holdings, Inc. (NASDAQ:ALRM) Given Consensus Recommendation of “Hold” by Brokerages

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has received an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $61.20.

A number of equities analysts have weighed in on the company. The Goldman Sachs Group lowered their price objective on Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday. Barclays lowered their price target on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th.

Alarm.com Stock Down 0.4 %

NASDAQ ALRM opened at $50.40 on Monday. The business has a fifty day moving average price of $56.93 and a 200 day moving average price of $59.05. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The company has a market cap of $2.50 billion, a P/E ratio of 22.01, a P/E/G ratio of 3.59 and a beta of 1.03. Alarm.com has a one year low of $48.23 and a one year high of $71.98.

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

Insider Buying and Selling at Alarm.com

In other news, CFO Steve Valenzuela sold 3,436 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $58.45, for a total value of $200,834.20. Following the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. The trade was a 8.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Kerzner sold 932 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $51,716.68. Following the transaction, the insider now directly owns 58,736 shares of the company’s stock, valued at $3,259,260.64. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,921 shares of company stock worth $338,727 over the last quarter. 5.60% of the stock is currently owned by company insiders.

Institutional Trading of Alarm.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd lifted its holdings in Alarm.com by 15.5% during the 3rd quarter. XTX Topco Ltd now owns 6,529 shares of the software maker’s stock worth $357,000 after buying an additional 877 shares in the last quarter. Barclays PLC raised its stake 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 valued at $4,997,000 after acquiring an additional 69,804 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after purchasing an additional 238 shares during the period. Assenagon Asset Management S.A. grew its stake in Alarm.com by 2.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 391,212 shares of the software maker’s stock worth $23,786,000 after purchasing an additional 9,935 shares in the last quarter. Finally, Argent Capital Management LLC increased its holdings in Alarm.com by 38.6% during the 4th quarter. Argent Capital Management LLC now owns 7,096 shares of the software maker’s stock worth $431,000 after purchasing an additional 1,975 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

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.