Alarm.com (NASDAQ:ALRM) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Alarm.com (NASDAQ:ALRM) announced its earnings results on Thursday. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06), Zacks reports. Alarm.com had a return on equity of 13.78% and a net margin of 13.54%.

Alarm.com Stock Performance

NASDAQ:ALRM traded down $0.20 during mid-day trading on Thursday, reaching $60.53. The stock had a trading volume of 528,013 shares, compared to its average volume of 290,552. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 3.71 and a beta of 0.98. Alarm.com has a twelve month low of $51.87 and a twelve month high of $77.29. The business has a 50 day simple moving average of $62.19 and a 200 day simple moving average of $59.68.

Insider Activity

In other news, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the sale, the chief executive officer now directly owns 252,682 shares in the company, valued at approximately $17,227,858.76. This trade represents a 15.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the sale, the insider now owns 59,668 shares of the company’s stock, valued at approximately $3,961,955.20. The trade was a 35.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ALRM. The Goldman Sachs Group increased their target price on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. Jefferies Financial Group began coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Finally, Barclays raised their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $64.40.

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.