Alarm.com (NASDAQ:ALRM) Stock Rating Lowered by StockNews.com

Alarm.com (NASDAQ:ALRMGet Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.

A number of other research firms also recently issued reports on ALRM. Barclays increased their target price on shares of Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. increased their target price on shares of Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. William Blair upgraded shares of Alarm.com to a “hold” rating in a research report on Thursday, May 9th. Finally, TheStreet upgraded shares of Alarm.com from a “c+” rating to a “b-” rating in a research report on Friday, February 23rd. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.83.

Get Our Latest Stock Report on Alarm.com

Alarm.com Trading Down 0.4 %

Shares of NASDAQ:ALRM opened at $66.09 on Wednesday. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 38.98, a PEG ratio of 3.30 and a beta of 0.94. Alarm.com has a 1-year low of $48.01 and a 1-year high of $77.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.03 and a current ratio of 5.51. The company has a 50 day moving average price of $68.49 and a 200 day moving average price of $65.62.

Alarm.com (NASDAQ:ALRMGet Free Report) last issued its earnings results on Thursday, May 9th. The software maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $223.28 million during the quarter, compared to analysts’ expectations of $218.32 million. Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. On average, research analysts anticipate that Alarm.com will post 1.43 EPS for the current fiscal year.

Insider Activity at Alarm.com

In other news, CEO Stephen Trundle sold 3,217 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total value of $225,190.00. Following the completion of the transaction, the chief executive officer now owns 234,449 shares in the company, valued at $16,411,430. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alarm.com news, CEO Stephen Trundle sold 3,217 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total transaction of $225,190.00. Following the sale, the chief executive officer now directly owns 234,449 shares of the company’s stock, valued at $16,411,430. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 1,716 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $120,120.00. Following the sale, the chief financial officer now directly owns 35,784 shares in the company, valued at $2,504,880. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,183 shares of company stock worth $506,621. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alarm.com

Several large investors have recently modified their holdings of the stock. Norges Bank bought a new position in Alarm.com during the fourth quarter worth about $33,277,000. FMR LLC increased its position in Alarm.com by 18,200.6% during the third quarter. FMR LLC now owns 312,391 shares of the software maker’s stock worth $19,100,000 after acquiring an additional 310,684 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Alarm.com during the third quarter worth about $14,285,000. Assenagon Asset Management S.A. grew its stake in Alarm.com by 383.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 165,031 shares of the software maker’s stock worth $10,664,000 after buying an additional 130,901 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Alarm.com during the fourth quarter worth about $65,980,000. 91.74% of the stock is owned by institutional investors.

Alarm.com Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Alarm.com (NASDAQ:ALRM)

Receive News & Ratings for Alarm.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alarm.com and related companies with MarketBeat.com's FREE daily email newsletter.