Alarm.com (NASDAQ:ALRM) Earns Buy Rating from Analysts at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group assumed coverage on shares of Alarm.com (NASDAQ:ALRM - Get Free Report) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set a "buy" rating and a $65.00 price target on the software maker's stock. Jefferies Financial Group's target price suggests a potential upside of 16.38% from the stock's current price.

ALRM has been the topic of a number of other reports. StockNews.com raised Alarm.com from a "hold" rating to a "buy" rating in a report on Friday, September 13th. The Goldman Sachs Group initiated coverage on Alarm.com in a report on Friday, September 6th. They issued a "neutral" rating and a $64.00 price objective on the stock. Barclays decreased their price target on Alarm.com from $72.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, October 7th. Finally, Roth Mkm cut their target price on shares of Alarm.com from $78.00 to $73.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $66.40.

Alarm.com Price Performance

Shares of Alarm.com stock traded up $1.94 on Tuesday, reaching $55.85. The stock had a trading volume of 257,282 shares, compared to its average volume of 364,970. The business's 50 day moving average is $54.87 and its two-hundred day moving average is $61.50. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. Alarm.com has a 1 year low of $51.05 and a 1 year high of $77.29. The company has a market cap of $2.75 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $227.35 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business's quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Alarm.com will post 1.4 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Alarm.com

A number of large investors have recently made changes to their positions in ALRM. Aigen Investment Management LP bought a new position in Alarm.com in the third quarter worth approximately $558,000. GSA Capital Partners LLP grew its position in shares of Alarm.com by 350.5% during the 3rd quarter. GSA Capital Partners LLP now owns 23,209 shares of the software maker's stock worth $1,269,000 after buying an additional 18,057 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Alarm.com during the 3rd quarter worth $223,000. State of New Jersey Common Pension Fund D increased its stake in shares of Alarm.com by 18.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 33,137 shares of the software maker's stock valued at $1,812,000 after buying an additional 5,110 shares during the period. Finally, Montanaro Asset Management Ltd lifted its stake in Alarm.com by 6.4% in the third quarter. Montanaro Asset Management Ltd now owns 223,900 shares of the software maker's stock worth $12,241,000 after acquiring an additional 13,500 shares during the period. 91.74% of the stock is owned by hedge funds and other 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.