Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives Consensus Rating of “Hold” from Analysts

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $64.40.

Several brokerages recently weighed in on ALRM. The Goldman Sachs Group boosted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Barclays upped their price target on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Roth Mkm dropped their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Jefferies Financial Group assumed coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company.

Alarm.com Price Performance

ALRM opened at $60.80 on Thursday. The company has a market capitalization of $3.01 billion, a P/E ratio of 26.32, a PEG ratio of 4.08 and a beta of 0.97. The company has a 50-day moving average of $61.83 and a 200-day moving average of $60.65. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. Alarm.com has a 1-year low of $51.87 and a 1-year high of $77.29.

Insider Transactions at Alarm.com

In related news, CEO Stephen Trundle sold 47,500 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total value of $3,238,550.00. Following the completion of the sale, the chief executive officer now owns 252,682 shares in the company, valued at approximately $17,227,858.76. This trade represents a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $156,633.75. Following the transaction, the director now owns 5,767 shares in the company, valued at $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,976 shares of company stock worth $5,576,490. 5.60% of the stock is owned by insiders.

Institutional Trading of Alarm.com

A number of hedge funds have recently modified their holdings of ALRM. Parkside Financial Bank & Trust lifted its position in Alarm.com by 8.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after purchasing an additional 183 shares during the period. Arizona State Retirement System lifted its holdings in shares of Alarm.com by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after acquiring an additional 232 shares during the period. Nicolet Advisory Services LLC boosted its position in shares of Alarm.com by 6.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock valued at $250,000 after acquiring an additional 272 shares in the last quarter. Huntington National Bank increased its stake in Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after acquiring an additional 367 shares during the period. Finally, Quarry LP raised its position in Alarm.com by 291.7% in the third quarter. Quarry LP now owns 705 shares of the software maker’s stock worth $39,000 after purchasing an additional 525 shares in 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.