JPMorgan Chase & Co. Reaffirms "Underweight" Rating for Alarm.com (NASDAQ:ALRM)

Alarm.com (NASDAQ:ALRM - Get Free Report)'s stock had its "underweight" rating restated by JPMorgan Chase & Co. in a research note issued on Monday, Marketbeat reports. They presently have a $50.00 target price on the software maker's stock, down from their previous target price of $65.00. JPMorgan Chase & Co.'s price target would indicate a potential downside of 18.71% from the stock's previous close.

A number of other equities analysts have also recently issued reports on the stock. StockNews.com raised shares of Alarm.com from a "hold" rating to a "buy" rating in a research report on Friday, September 13th. The Goldman Sachs Group raised their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday. Jefferies Financial Group assumed coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They issued a "buy" rating and a $65.00 price target on the stock. Roth Mkm reduced their price objective on shares of Alarm.com from $78.00 to $73.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Finally, Barclays increased their price target on shares of Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $64.40.

Alarm.com Trading Down 3.1 %

NASDAQ ALRM traded down $2.00 on Monday, reaching $61.51. The company had a trading volume of 452,527 shares, compared to its average volume of 371,278. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 3.49 and a beta of 0.90. Alarm.com has a fifty-two week low of $51.87 and a fifty-two week high of $77.29. The business has a 50 day moving average of $54.81 and a two-hundred day moving average of $61.31. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70.

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On Alarm.com

Institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its holdings in shares of Alarm.com by 230.6% in the third quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker's stock valued at $20,844,000 after purchasing an additional 265,936 shares in the last quarter. Bank of Montreal Can lifted its holdings in Alarm.com by 2,394.6% during the 2nd quarter. Bank of Montreal Can now owns 273,730 shares of the software maker's stock worth $17,406,000 after buying an additional 262,757 shares in the last quarter. M&G PLC bought a new stake in shares of Alarm.com in the 3rd quarter valued at $9,583,000. Disciplined Growth Investors Inc. MN increased its holdings in Alarm.com by 6.2% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker's stock worth $172,257,000 after purchasing an additional 158,465 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in Alarm.com by 1,729.4% during the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker's stock worth $7,512,000 after purchasing an additional 111,768 shares in the last quarter. 91.74% of the stock is owned by institutional investors.

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.