Alarm.com Holdings, Inc. (NASDAQ:ALRM) Given Average Rating of "Hold" by Analysts

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) has earned an average rating of "Hold" from the six analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $64.40.

A number of brokerages have recently issued reports on ALRM. JPMorgan Chase & Co. restated an "underweight" rating and issued a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. StockNews.com raised shares of Alarm.com from a "hold" rating to a "buy" rating in a research report on Monday, November 25th. Barclays lifted their price objective on Alarm.com from $60.00 to $67.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Roth Mkm dropped their target price on Alarm.com from $78.00 to $73.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Finally, Jefferies Financial Group initiated coverage on Alarm.com in a research note on Tuesday, November 5th. They issued a "buy" rating and a $65.00 price target on the stock.

Alarm.com Stock Performance

Shares of ALRM traded up $0.46 on Friday, reaching $68.41. 343,366 shares of the stock traded hands, compared to its average volume of 451,166. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 4.12 and a beta of 0.97. Alarm.com has a 12 month low of $51.87 and a 12 month high of $77.29. The stock's 50-day moving average price is $57.90 and its 200-day moving average price is $60.67. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20.

Insider Activity at Alarm.com

In related news, Director Stephen C. Evans sold 2,625 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the transaction, the director now owns 5,767 shares in the company, valued at $344,116.89. This represents a 31.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.60% of the company's stock.

Hedge Funds Weigh In On Alarm.com

A number of institutional investors have recently modified their holdings of ALRM. SG Americas Securities LLC increased its stake in shares of Alarm.com by 584.7% in the 2nd quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker's stock valued at $1,472,000 after buying an additional 19,785 shares during the period. Centaurus Financial Inc. increased its position in Alarm.com by 3.7% in the third quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker's stock worth $12,937,000 after purchasing an additional 8,456 shares during the period. Hsbc Holdings PLC increased its position in Alarm.com by 312.9% in the second quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker's stock worth $1,399,000 after purchasing an additional 16,625 shares during the period. MQS Management LLC bought a new stake in Alarm.com during the 2nd quarter worth about $599,000. Finally, Squarepoint Ops LLC lifted its position in Alarm.com by 630.1% during the 2nd quarter. Squarepoint Ops LLC now owns 97,847 shares of the software maker's stock valued at $6,217,000 after purchasing an additional 84,445 shares during the period. 91.74% of the stock is owned by 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.