Alarm.com (NASDAQ:ALRM) has been given a consensus rating of “Buy” by the thirteen ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $48.55.
A number of brokerages recently weighed in on ALRM. BidaskClub raised Alarm.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday. First Analysis set a $52.00 price objective on Alarm.com and gave the company a “buy” rating in a report on Tuesday, April 17th. Maxim Group reissued a “buy” rating and set a $59.00 price objective on shares of Alarm.com in a report on Thursday, March 22nd. Raymond James reissued an “outperform” rating and set a $48.00 price objective on shares of Alarm.com in a report on Monday, March 19th. Finally, Zacks Investment Research raised Alarm.com from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Tuesday, February 27th.
Shares of NASDAQ ALRM traded down $0.16 during trading hours on Thursday, reaching $41.99. 230,815 shares of the stock traded hands, compared to its average volume of 346,187. The stock has a market cap of $1,982.18, a price-to-earnings ratio of 55.25, a P/E/G ratio of 2.73 and a beta of 1.13. The company has a current ratio of 3.68, a quick ratio of 3.37 and a debt-to-equity ratio of -0.80. Alarm.com has a 52-week low of $31.28 and a 52-week high of $49.49.
Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Tuesday, February 27th. The software maker reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The firm had revenue of $88.79 million for the quarter, compared to analysts’ expectations of $83.50 million. Alarm.com had a net margin of 8.63% and a negative return on equity of 47.29%. analysts forecast that Alarm.com will post 0.98 EPS for the current fiscal year.
In related news, Director Darius G. Nevin purchased 10,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were acquired at an average cost of $37.21 per share, with a total value of $372,100.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $372,100. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Stephen Trundle sold 25,000 shares of Alarm.com stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $39.11, for a total value of $977,750.00. The disclosure for this sale can be found here. 78.50% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of Alarm.com in the 3rd quarter worth approximately $109,000. Macquarie Group Ltd. bought a new stake in shares of Alarm.com in the 3rd quarter worth approximately $147,000. Teacher Retirement System of Texas bought a new stake in shares of Alarm.com in the 4th quarter worth approximately $216,000. Polen Capital Management LLC bought a new stake in shares of Alarm.com in the 4th quarter worth approximately $226,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Alarm.com in the 3rd quarter worth approximately $230,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.
Alarm.com Company Profile
Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.
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