Alarm.com (NASDAQ:ALRM) Downgraded to Hold Rating by StockNews.com

Alarm.com (NASDAQ:ALRM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

ALRM has been the topic of a number of other reports. Barclays boosted their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. reissued an “underweight” rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a research note on Monday. The Goldman Sachs Group raised their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday. Roth Mkm lowered their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Jefferies Financial Group started coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alarm.com has a consensus rating of “Hold” and an average target price of $64.40.

Alarm.com Stock Performance

ALRM stock traded down $2.14 during trading hours on Monday, reaching $61.37. The stock had a trading volume of 656,285 shares, compared to its average volume of 344,385. The stock has a 50-day simple moving average of $54.85 and a 200 day simple moving average of $61.29. 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 stock has a market capitalization of $3.02 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 3.81 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.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, August 8th. The software maker reported $0.58 EPS for the quarter, beating the consensus estimate of $0.49 by $0.09. The firm had revenue of $233.80 million for the quarter, compared to analyst estimates of $227.35 million. Alarm.com had a net margin of 13.54% and a return on equity of 13.79%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. Analysts predict that Alarm.com will post 1.41 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Alarm.com

A number of institutional investors and hedge funds have recently modified their holdings of ALRM. Texas Permanent School Fund Corp increased its position in shares of Alarm.com by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 43,749 shares of the software maker’s stock valued at $3,170,000 after buying an additional 585 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Alarm.com by 15.2% in the 1st quarter. SG Americas Securities LLC now owns 3,384 shares of the software maker’s stock valued at $245,000 after buying an additional 446 shares during the period. Swiss National Bank raised its holdings in shares of Alarm.com by 0.3% in the 1st quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock valued at $6,790,000 after buying an additional 300 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Alarm.com in the 1st quarter valued at $544,000. Finally, Sei Investments Co. increased its holdings in Alarm.com by 8.6% during the 1st quarter. Sei Investments Co. now owns 149,464 shares of the software maker’s stock worth $10,831,000 after purchasing an additional 11,776 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

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.