Alarm.com (NASDAQ:ALRM) Now Covered by Jefferies Financial Group

Analysts at Jefferies Financial Group started coverage on shares of Alarm.com (NASDAQ:ALRM) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $65.00 price target on the software maker’s stock. Jefferies Financial Group’s target price indicates a potential upside of 20.57% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Barclays dropped their target price on shares of Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Roth Mkm decreased their target price 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. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, The Goldman Sachs Group started coverage on shares of Alarm.com in a research note on Friday, September 6th. They set a “neutral” rating and a $64.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.40.

Alarm.com Stock Up 0.9 %

Shares of ALRM stock opened at $53.91 on Tuesday. The stock has a 50 day moving average of $54.87 and a 200 day moving average of $61.50. Alarm.com has a twelve month low of $51.05 and a twelve month high of $77.29. The stock has a market cap of $2.66 billion, a P/E ratio of 26.82, a P/E/G ratio of 3.21 and a beta of 0.90. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.09. The firm had revenue of $233.80 million during the quarter, compared to the consensus estimate of $227.35 million. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. As a group, sell-side analysts expect that Alarm.com will post 1.4 EPS for the current year.

Insider Activity

In related news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the transaction, the insider now owns 41,100 shares in the company, valued at $2,540,391. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

Several large investors have recently bought and sold shares of the stock. Oakworth Capital Inc. acquired a new position in shares of Alarm.com during the third quarter worth about $38,000. Point72 DIFC Ltd grew its holdings in Alarm.com by 293.6% during the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after acquiring an additional 1,101 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Alarm.com in the 2nd quarter valued at approximately $108,000. CWM LLC raised its holdings in shares of Alarm.com by 42.0% in the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after purchasing an additional 618 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Alarm.com by 8.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after purchasing an additional 183 shares during the last quarter. 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.