Alarm.com (ALRM) Projected to Post Earnings on Thursday

Alarm.com (NASDAQ:ALRM) is projected to post its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Alarm.com to post earnings of $0.53 per share and revenue of $237.44 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Alarm.com Price Performance

NASDAQ:ALRM opened at $61.54 on Wednesday. Alarm.com has a one year low of $51.87 and a one year high of $77.29. The company has a market cap of $3.04 billion, a P/E ratio of 26.64, a P/E/G ratio of 3.82 and a beta of 0.98. The firm’s fifty day moving average price is $62.47 and its two-hundred day moving average price is $59.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Barclays upped their price target on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. The Goldman Sachs Group upped their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Finally, Jefferies Financial Group started coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $64.40.

Insider Transactions at Alarm.com

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

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.