Alarm.com (NASDAQ:ALRM) Upgraded at StockNews.com

StockNews.com upgraded shares of Alarm.com (NASDAQ:ALRM) from a hold rating to a buy rating in a research report report published on Monday morning.

A number of other brokerages have also issued reports on ALRM. Roth Mkm reduced their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Jefferies Financial Group assumed coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective for the company. The Goldman Sachs Group increased their price target on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Barclays upped their target price on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $64.40.

Alarm.com Price Performance

ALRM opened at $64.17 on Monday. Alarm.com has a twelve month low of $51.87 and a twelve month high of $77.29. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 3.88 and a beta of 0.90. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The company has a fifty day simple moving average of $56.31 and a 200 day simple moving average of $60.79.

Insider Buying and Selling

In related news, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the sale, the director now owns 5,767 shares of the company’s stock, valued at $344,116.89. The trade was a 31.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC lifted its stake in shares of Alarm.com by 584.7% during the 2nd quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock valued at $1,472,000 after buying an additional 19,785 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Alarm.com by 3.7% in the 3rd quarter. Centaurus Financial Inc. now owns 236,644 shares of the software maker’s stock valued at $12,937,000 after acquiring an additional 8,456 shares during the last quarter. Janus Henderson Group PLC grew its position in Alarm.com by 36.8% in the first quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock worth $2,379,000 after acquiring an additional 8,843 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Alarm.com by 312.9% during the 2nd quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker’s stock valued at $1,399,000 after purchasing an additional 16,625 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in Alarm.com during the 2nd quarter valued at $599,000. Hedge funds and other institutional investors 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.