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 investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $64.40.

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

Insider Buying and Selling

In other Alarm.com news, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the completion of the transaction, the director now directly owns 5,767 shares in the company, valued at $344,116.89. The trade was a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Kerzner sold 32,851 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $66.40, for a total value of $2,181,306.40. Following the completion of the sale, the insider now directly owns 59,668 shares in the company, valued at approximately $3,961,955.20. This represents a 35.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,976 shares of company stock worth $5,576,490. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its stake in Alarm.com by 8.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after purchasing an additional 183 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Alarm.com by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock valued at $844,000 after acquiring an additional 232 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after acquiring an additional 238 shares in the last quarter. Nicolet Advisory Services LLC boosted its holdings 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. Finally, Huntington National Bank grew its position in Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after acquiring an additional 367 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

Alarm.com Price Performance

NASDAQ:ALRM opened at $60.70 on Thursday. The company has a market cap of $3.00 billion, a P/E ratio of 26.28, a P/E/G ratio of 4.08 and a beta of 0.98. The firm’s fifty day moving average price is $62.18 and its two-hundred day moving average price is $60.62. Alarm.com has a one year low of $51.87 and a one year high of $77.29. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20.

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.