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

Alarm.com (NASDAQ:ALRM) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

A number of other equities analysts also recently weighed in on ALRM. JPMorgan Chase & Co. reissued 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. Barclays lifted their price objective 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. The Goldman Sachs Group upped their target price on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Jefferies Financial Group assumed coverage on Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. Finally, Roth Mkm cut their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.40.

Alarm.com Stock Performance

Shares of ALRM stock opened at $64.53 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. Alarm.com has a one year low of $51.87 and a one year high of $77.29. The business’s 50 day simple moving average is $55.89 and its 200 day simple moving average is $60.79. The stock has a market capitalization of $3.19 billion, a PE ratio of 27.94, a PEG ratio of 3.73 and a beta of 0.90.

Insider Activity

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the completion of the transaction, the director now owns 5,767 shares in the company, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Oakworth Capital Inc. bought a new position in Alarm.com during the 3rd quarter valued at $38,000. Quarry LP lifted its position in shares of Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares in the last quarter. Huntington National Bank boosted its holdings in Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after purchasing an additional 367 shares during the last quarter. Point72 DIFC Ltd grew its position in Alarm.com by 293.6% in the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after purchasing an additional 1,101 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Alarm.com in the 2nd quarter valued at about $108,000. Hedge funds and other 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.