Alarm.com (ALRM) to Release Earnings on Thursday

Alarm.com (NASDAQ:ALRM) will likely be posting its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Alarm.com to post earnings of $0.53 per share and revenue of $237.44 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Alarm.com Stock Performance

Shares of ALRM opened at $62.60 on Thursday. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $3.09 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 3.82 and a beta of 0.98. The firm’s fifty day simple moving average is $62.77 and its two-hundred day simple moving average is $59.92. Alarm.com has a 12 month low of $51.87 and a 12 month high of $77.29.

Insider Transactions at Alarm.com

In related news, insider Daniel Kerzner sold 32,851 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the sale, the insider now owns 59,668 shares in the company, valued at $3,961,955.20. This represents a 35.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen Trundle sold 47,500 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the sale, the chief executive officer now owns 252,682 shares in the company, valued at $17,227,858.76. This represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,976 shares of company stock valued at $5,576,490 in the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. The Goldman Sachs Group increased 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, November 8th. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Jefferies Financial Group began coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective on the stock. Finally, Barclays increased their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $64.40.

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.