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

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) have received a consensus rating of "Hold" from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research 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 1 year target price among brokers that have updated their coverage on the stock in the last year is $64.40.

ALRM has been the subject of several recent research reports. Barclays raised their price objective on Alarm.com from $60.00 to $67.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. StockNews.com upgraded shares of Alarm.com from a "hold" rating to a "buy" rating in a research note on Wednesday, December 18th. The Goldman Sachs Group upped their price target on Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Jefferies Financial Group initiated 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, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $50.00 target price (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th.

Insider Transactions at Alarm.com

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ALRM. SBI Securities Co. Ltd. purchased a new stake in Alarm.com in the fourth quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. purchased a new position in Alarm.com during the fourth quarter valued at $36,000. Quarry LP boosted its holdings in Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker's stock worth $39,000 after buying an additional 525 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after purchasing an additional 539 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Alarm.com by 305.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after buying an additional 779 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Trading Down 1.7 %

NASDAQ ALRM traded down $1.01 on Friday, hitting $59.55. The company's stock had a trading volume of 740,872 shares, compared to its average volume of 303,922. 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 company's 50-day simple moving average is $62.06 and its 200 day simple moving average is $59.68. The firm has a market cap of $2.94 billion, a P/E ratio of 25.78, a PEG ratio of 3.66 and a beta of 0.98. Alarm.com has a 52-week low of $51.87 and a 52-week high of $77.29.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its 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 firm had revenue of $242.24 million for the quarter, compared to analysts' expectations of $237.44 million. Alarm.com had a return on equity of 13.78% and a net margin of 13.54%. Research analysts predict that Alarm.com will post 1.65 EPS for the current fiscal year.

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.