Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives $64.40 Average Price Target from Analysts

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have been given a consensus rating of “Hold” by the six analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $64.40.

ALRM has been the topic of several recent analyst reports. StockNews.com lowered shares of Alarm.com from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. 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. 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 target on the stock. Roth Mkm decreased their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th.

Alarm.com Stock Down 0.1 %

Alarm.com stock opened at $59.85 on Wednesday. The firm has a market capitalization of $2.96 billion, a PE ratio of 25.91, a P/E/G ratio of 4.25 and a beta of 0.90. The company’s 50-day moving average is $55.09 and its 200-day moving average is $61.19. Alarm.com has a fifty-two week low of $51.87 and a fifty-two week high of $77.29. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. The trade was a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,260,125. This represents a 16.48 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings 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 worth $1,472,000 after acquiring an additional 19,785 shares during the period. Sei Investments Co. lifted its stake in Alarm.com by 8.6% in the 1st quarter. Sei Investments Co. now owns 149,464 shares of the software maker’s stock valued at $10,831,000 after purchasing an additional 11,776 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Alarm.com in the 1st quarter valued at approximately $544,000. UniSuper Management Pty Ltd bought a new position in Alarm.com in the 1st quarter valued at approximately $759,000. Finally, Janus Henderson Group PLC lifted its stake in Alarm.com by 36.8% in the 1st quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock valued at $2,379,000 after purchasing an additional 8,843 shares during the last quarter. Institutional investors own 91.74% 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.