Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives Consensus Rating of "Hold" from Brokerages

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) have been given a consensus recommendation of "Hold" by the six analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $64.40.

Several brokerages have recently issued reports on ALRM. Jefferies Financial Group initiated coverage on Alarm.com in a research report on Tuesday, November 5th. They issued a "buy" rating and a $65.00 price target on the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. Barclays raised 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 note on Friday, November 8th. Finally, The Goldman Sachs Group increased their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a report on Friday, November 8th.

Alarm.com Stock Down 1.6 %

NASDAQ:ALRM traded down $0.97 during mid-day trading on Thursday, reaching $59.83. The stock had a trading volume of 378,350 shares, compared to its average volume of 380,104. The stock has a market cap of $2.96 billion, a P/E ratio of 25.90, a PEG ratio of 4.08 and a beta of 0.97. The business's 50 day moving average is $61.83 and its 200 day moving average is $60.65. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. Alarm.com has a fifty-two week low of $51.87 and a fifty-two week high of $77.29.

Insider Transactions at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction on 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 transaction, the chief executive officer now directly owns 252,682 shares of the company's stock, valued at approximately $17,227,858.76. This trade represents a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Kerzner sold 32,851 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the completion of the sale, the insider now directly owns 59,668 shares in the company, valued at approximately $3,961,955.20. The trade was a 35.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 82,976 shares of company stock valued at $5,576,490. Company insiders own 5.60% of the company's stock.

Hedge Funds Weigh In On Alarm.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Centaurus Financial Inc. grew its holdings in Alarm.com by 3.7% during the 3rd quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker's stock worth $12,937,000 after acquiring an additional 8,456 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Alarm.com by 312.9% during the second quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker's stock valued at $1,399,000 after purchasing an additional 16,625 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Alarm.com in the second quarter valued at approximately $599,000. Squarepoint Ops LLC raised its position in Alarm.com by 630.1% in the 2nd quarter. Squarepoint Ops LLC now owns 97,847 shares of the software maker's stock worth $6,217,000 after purchasing an additional 84,445 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Alarm.com by 369.7% during the 3rd quarter. Victory Capital Management Inc. now owns 69,545 shares of the software maker's stock worth $3,802,000 after buying an additional 54,738 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

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.