Analysts Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) Target Price at $68.83

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $68.83.

A number of equities research analysts have recently issued reports on ALRM shares. StockNews.com cut shares of Alarm.com from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 14th. William Blair raised shares of Alarm.com to a “hold” rating in a research report on Thursday, May 9th.

Insiders Place Their Bets

In other Alarm.com news, CEO Stephen Trundle sold 3,217 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $225,190.00. Following the completion of the transaction, the chief executive officer now owns 234,449 shares of the company’s stock, valued at $16,411,430. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Alarm.com news, CEO Stephen Trundle sold 3,217 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total transaction of $225,190.00. Following the completion of the transaction, the chief executive officer now owns 234,449 shares of the company’s stock, valued at $16,411,430. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Ramos sold 1,418 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $99,260.00. Following the transaction, the insider now directly owns 38,282 shares of the company’s stock, valued at approximately $2,679,740. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,351 shares of company stock valued at $444,570. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALRM. Operose Advisors LLC acquired a new position in shares of Alarm.com in the third quarter valued at approximately $26,000. First PREMIER Bank acquired a new position in shares of Alarm.com in the first quarter valued at approximately $30,000. GAMMA Investing LLC acquired a new position in shares of Alarm.com in the fourth quarter valued at approximately $31,000. Pacer Advisors Inc. acquired a new position in shares of Alarm.com in the fourth quarter valued at approximately $39,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Alarm.com in the first quarter valued at approximately $56,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Trading Up 2.4 %

Shares of Alarm.com stock opened at $62.39 on Friday. The firm has a 50-day moving average of $65.70 and a 200-day moving average of $66.32. The stock has a market cap of $3.13 billion, a PE ratio of 36.92, a PEG ratio of 3.00 and a beta of 0.88. Alarm.com has a 52-week low of $48.01 and a 52-week high of $77.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.03 and a current ratio of 5.51.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, May 9th. The software maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $223.28 million during the quarter, compared to analysts’ expectations of $218.32 million. Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. As a group, sell-side analysts forecast that Alarm.com will post 1.43 EPS for the current year.

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.