The Goldman Sachs Group Raises Alarm.com (NASDAQ:ALRM) Price Target to $67.00

Alarm.com (NASDAQ:ALRM) had its target price upped by analysts at The Goldman Sachs Group from $64.00 to $67.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 5.50% from the company’s previous close.

A number of other research firms have also weighed in on ALRM. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Barclays dropped their price target on shares of Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Roth Mkm dropped their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group started coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $68.40.

Alarm.com Stock Performance

Shares of NASDAQ ALRM opened at $63.51 on Friday. The firm has a 50 day moving average of $54.81 and a 200 day moving average of $61.35. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 3.49 and a beta of 0.90. Alarm.com has a 12-month low of $51.19 and a 12-month high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.09. The company had revenue of $233.80 million during the quarter, compared to analyst estimates of $227.35 million. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 earnings per share. On average, research analysts anticipate that Alarm.com will post 1.4 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,260,125. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, the insider now directly owns 41,100 shares in the company, valued at approximately $2,540,391. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alarm.com

Several hedge funds and other institutional investors have recently made changes to their positions in ALRM. Oakworth Capital Inc. purchased a new stake in shares of Alarm.com in the third quarter valued at $38,000. Huntington National Bank increased its stake in Alarm.com by 52.4% in the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after buying an additional 367 shares during the period. Point72 DIFC Ltd increased its stake 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 buying an additional 1,101 shares during the period. Canada Pension Plan Investment Board purchased a new position in Alarm.com in the 2nd quarter worth about $108,000. Finally, CWM LLC increased its stake in Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after buying an additional 618 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Company Profile

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.