Alarm.com (NASDAQ:ALRM) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Alarm.com (NASDAQ:ALRM) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday morning.

Separately, William Blair raised Alarm.com to a hold rating in a research report on Thursday, May 9th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Alarm.com has a consensus rating of Moderate Buy and an average price target of $67.83.

Alarm.com Price Performance

ALRM stock opened at $65.73 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.51 and a quick ratio of 5.03. Alarm.com has a 1 year low of $48.61 and a 1 year high of $77.29. The firm has a 50-day moving average of $65.08 and a 200 day moving average of $66.69. The company has a market cap of $3.30 billion, a P/E ratio of 38.89, a PEG ratio of 3.18 and a beta of 0.92.

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

Hedge Funds Weigh In On Alarm.com

Several large investors have recently modified their holdings of the stock. Oak Ridge Investments LLC increased its stake in Alarm.com by 0.3% during the 1st quarter. Oak Ridge Investments LLC now owns 63,176 shares of the software maker’s stock valued at $4,578,000 after purchasing an additional 173 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Alarm.com by 4.2% during the fourth quarter. QRG Capital Management Inc. now owns 5,681 shares of the software maker’s stock valued at $367,000 after buying an additional 229 shares during the last quarter. Cardinal Capital Management raised its holdings in Alarm.com by 2.4% in the 4th quarter. Cardinal Capital Management now owns 12,456 shares of the software maker’s stock worth $805,000 after acquiring an additional 294 shares during the last quarter. Swiss National Bank lifted its position in Alarm.com by 0.3% in the 1st quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock valued at $6,790,000 after acquiring an additional 300 shares in the last quarter. Finally, First PREMIER Bank purchased a new stake in Alarm.com during the 1st quarter valued at $30,000. 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.