Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives Average Rating of “Hold” from Analysts

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been given an average rating of “Hold” by the six research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $64.40.

Several brokerages recently weighed in on ALRM. The Goldman Sachs Group increased their target price on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Roth Mkm dropped their target price 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. Barclays boosted their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group initiated coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price on the stock.

Insider Activity

In related news, insider Daniel Kerzner sold 32,851 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the sale, the insider now owns 59,668 shares in the company, valued at $3,961,955.20. This represents a 35.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the completion of the sale, the director now directly owns 5,767 shares in the company, valued at $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,976 shares of company stock worth $5,576,490 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

A number of institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in shares of Alarm.com by 230.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock worth $20,844,000 after acquiring an additional 265,936 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Alarm.com by 2,394.6% in the 2nd quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock valued at $17,406,000 after purchasing an additional 262,757 shares during the period. M&G PLC purchased a new position in Alarm.com in the 3rd quarter worth about $9,583,000. Disciplined Growth Investors Inc. MN raised its holdings in Alarm.com by 6.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after buying an additional 163,851 shares during the period. Finally, FMR LLC raised its holdings in Alarm.com by 129.0% during the 3rd quarter. FMR LLC now owns 153,865 shares of the software maker’s stock worth $8,412,000 after buying an additional 86,683 shares during the period. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Stock Down 0.9 %

Shares of NASDAQ ALRM opened at $60.67 on Monday. The firm’s 50 day moving average price is $63.20 and its 200 day moving average price is $60.30. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. The firm has a market cap of $3.00 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. Alarm.com has a 1 year low of $51.87 and a 1 year high of $77.29.

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.