Alarm.com (NASDAQ:ALRM – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday, Zacks reports.
ALRM has been the topic of several other research reports. Wall Street Zen upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Sunday, August 16th. JPMorgan Chase & Co. lifted their price objective on shares of Alarm.com from $40.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, October 30th. Barclays boosted their price objective on shares of Alarm.com from $60.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, November 6th. William Blair restated a “market perform” rating on shares of Alarm.com in a research note on Friday, November 6th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $65.00 target price on shares of Alarm.com in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.67.
Get Our Latest Stock Report on ALRM
Alarm.com Stock Up 0.7%
Shares of NASDAQ ALRM opened at $66.29 on Tuesday. The stock has a market capitalization of $3.25 billion, a P/E ratio of 25.33, a PEG ratio of 2.07 and a beta of 0.70. The stock’s fifty day moving average is $58.45 and its 200 day moving average is $50.73. Alarm.com has a 52 week low of $41.49 and a 52 week high of $69.39. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.27 and a current ratio of 4.83.
Alarm.com (NASDAQ:ALRM – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The software maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.15. Alarm.com had a net margin of 10.79% and a return on equity of 15.92%. The business had revenue of $279.44 million during the quarter, compared to analysts’ expectations of $265.82 million. During the same quarter in the prior year, the business posted $0.76 earnings per share. Alarm.com’s revenue was up 9.0% compared to the same quarter last year. Sell-side analysts forecast that Alarm.com will post 2.49 earnings per share for the current fiscal year.
Insider Activity at Alarm.com
In related news, CEO Stephen Trundle sold 50,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $57.67, for a total transaction of $2,883,500.00. Following the sale, the chief executive officer owned 324,842 shares of the company’s stock, valued at $18,733,638.14. This trade represents a 13.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.80% of the company’s stock.
Institutional Investors Weigh In On Alarm.com
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Alarm.com in the 3rd quarter valued at approximately $32,000. Global Retirement Partners LLC grew its holdings in Alarm.com by 165.9% during the 3rd quarter. Global Retirement Partners LLC now owns 5,113 shares of the software maker’s stock worth $279,000 after acquiring an additional 3,190 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Alarm.com in the 3rd quarter valued at approximately $582,000. Intech Investment Management LLC increased its position in Alarm.com by 12.4% in the 3rd quarter. Intech Investment Management LLC now owns 12,579 shares of the software maker’s stock valued at $685,000 after acquiring an additional 1,386 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in shares of Alarm.com by 11.1% during the third quarter. Hantz Financial Services Inc. now owns 2,984 shares of the software maker’s stock valued at $163,000 after acquiring an additional 299 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.
Alarm.com Company Profile
Alarm.com Holdings, Inc. develops cloud-based software and connected-device services for residential and commercial security, automation, and energy management. Its platform brings together devices such as security sensors, cameras, locks, thermostats, and access-control systems, which customers can manage through mobile and web applications. The company provides its technology primarily through a network of security and service providers. Its offerings include intrusion detection, video monitoring and analytics, smart-home automation, commercial security and access control, and tools for monitoring and managing energy use.
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