Alarm.com (NASDAQ:ALRM) Issues Earnings Results

Alarm.com (NASDAQ:ALRM) announced its earnings results on Thursday. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06), Zacks reports. Alarm.com had a net margin of 13.54% and a return on equity of 13.78%.

Alarm.com Stock Down 0.3 %

Shares of NASDAQ:ALRM traded down $0.20 during trading on Thursday, hitting $60.53. The company’s stock had a trading volume of 528,013 shares, compared to its average volume of 290,552. 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 business has a 50 day moving average price of $62.19 and a two-hundred day moving average price of $59.68. The company has a market capitalization of $2.99 billion, a PE ratio of 26.20, a P/E/G ratio of 3.71 and a beta of 0.98. Alarm.com has a fifty-two week low of $51.87 and a fifty-two week high of $77.29.

Insider Buying and Selling

In related news, insider Daniel Kerzner sold 32,851 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now owns 59,668 shares in the company, valued at approximately $3,961,955.20. The trade was a 35.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen Trundle sold 47,500 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the transaction, the chief executive officer now owns 252,682 shares of the company’s stock, valued at approximately $17,227,858.76. The trade was a 15.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

ALRM has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Barclays boosted their target price on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Jefferies Financial Group initiated coverage on Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $64.40.

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.