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

StockNews.com upgraded shares of Alarm.com (NASDAQ:ALRM) from a hold rating to a buy rating in a report issued on Friday morning.

A number of other analysts have also issued reports on ALRM. Barclays decreased their target price on shares of Alarm.com from $78.00 to $72.00 and set an equal weight rating on the stock in a research report on Thursday, July 11th. The Goldman Sachs Group assumed coverage on Alarm.com in a report on Friday, September 6th. They set a neutral rating and a $64.00 price objective on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Alarm.com has a consensus rating of Hold and an average target price of $69.00.

Alarm.com Trading Up 2.3 %

Shares of Alarm.com stock opened at $55.25 on Friday. Alarm.com has a 1 year low of $49.70 and a 1 year high of $77.29. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. The business has a 50 day moving average price of $62.64 and a 200 day moving average price of $66.03. The company has a market capitalization of $2.72 billion, a P/E ratio of 32.69, a P/E/G ratio of 3.26 and a beta of 0.90.

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

Insiders Place Their Bets

In other news, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now directly owns 41,100 shares in the company, valued at approximately $2,540,391. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value 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. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ALRM. Vanguard Group Inc. raised its stake in shares of Alarm.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker’s stock valued at $426,190,000 after acquiring an additional 63,653 shares during the period. Disciplined Growth Investors Inc. MN raised its position in Alarm.com by 6.2% in the second quarter. Disciplined Growth Investors Inc. MN now owns 2,710,998 shares of the software maker’s stock valued at $172,257,000 after purchasing an additional 158,465 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Alarm.com by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker’s stock worth $73,889,000 after purchasing an additional 42,281 shares in the last quarter. Norges Bank purchased a new stake in shares of Alarm.com in the fourth quarter worth about $33,277,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Alarm.com by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 474,664 shares of the software maker’s stock valued at $30,673,000 after buying an additional 4,918 shares in the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

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.