The Goldman Sachs Group Increases Alarm.com (NASDAQ:ALRM) Price Target to $67.00

Alarm.com (NASDAQ:ALRM - Free Report) had its price target lifted by The Goldman Sachs Group from $64.00 to $67.00 in a research note published on Friday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the software maker's stock.

A number of other equities analysts have also recently issued reports on ALRM. Roth Mkm cut their price objective on Alarm.com from $78.00 to $73.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Barclays reduced their price target on shares of Alarm.com from $72.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, October 7th. Jefferies Financial Group assumed coverage on shares of Alarm.com in a report on Tuesday. They issued a "buy" rating and a $65.00 price objective for the company. Finally, StockNews.com raised shares of Alarm.com from a "hold" rating to a "buy" rating in a research note on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $68.40.

Alarm.com Price Performance

NASDAQ ALRM traded up $6.37 during trading on Friday, reaching $63.51. The company's stock had a trading volume of 903,713 shares, compared to its average volume of 370,904. The stock has a market capitalization of $3.13 billion, a PE ratio of 31.64, a P/E/G ratio of 3.25 and a beta of 0.90. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. The firm has a fifty day moving average of $54.73 and a 200 day moving average of $61.39. Alarm.com has a one year low of $51.19 and a one year high of $77.29.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.09. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The firm had revenue of $233.80 million for the quarter, compared to analyst estimates of $227.35 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts expect that Alarm.com will post 1.4 EPS for the current fiscal year.

Insider Transactions at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the transaction, the insider now directly owns 41,100 shares of the company's stock, valued at approximately $2,540,391. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the firm's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the transaction, the chief financial officer now owns 37,500 shares of the company's stock, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel Ramos sold 9,476 shares of the company's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alarm.com

Several large investors have recently made changes to their positions in the business. Oakworth Capital Inc. bought a new stake in shares of Alarm.com in the 3rd quarter worth $38,000. Huntington National Bank lifted its stake in Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker's stock valued at $58,000 after acquiring an additional 367 shares during the period. Point72 DIFC Ltd boosted its holdings in shares of Alarm.com by 293.6% during the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker's stock valued at $94,000 after acquiring an additional 1,101 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Alarm.com in the second quarter worth approximately $108,000. Finally, CWM LLC raised its holdings in shares of Alarm.com by 42.0% during the second quarter. CWM LLC now owns 2,088 shares of the software maker's stock valued at $133,000 after purchasing an additional 618 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other 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.