Alarm.com (NASDAQ:ALRM) Receives Underweight Rating from JPMorgan Chase & Co.

Alarm.com (NASDAQ:ALRM)‘s stock had its “underweight” rating reissued by analysts at JPMorgan Chase & Co. in a report released on Monday,Benzinga reports. They presently have a $50.00 price target on the software maker’s stock, down from their prior price target of $65.00. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 21.27% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Barclays raised their price target 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. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Roth Mkm cut their price objective on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Jefferies Financial Group began coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective for the company. Finally, The Goldman Sachs Group raised their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.40.

Alarm.com Trading Up 11.1 %

NASDAQ:ALRM opened at $63.51 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 3.49 and a beta of 0.90. Alarm.com has a 52 week low of $51.19 and a 52 week high of $77.29. The firm has a 50-day moving average price of $54.81 and a two-hundred day moving average price of $61.31.

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 the consensus estimate of $0.49 by $0.09. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The firm had revenue of $233.80 million during the quarter, compared to analyst estimates of $227.35 million. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts expect that Alarm.com will post 1.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the firm’s 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 transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,260,125. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the firm’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 directly owns 41,100 shares of the company’s stock, valued at $2,540,391. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,260,125. This represents 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 Trading of Alarm.com

A number of hedge funds have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. lifted its holdings in shares of Alarm.com by 122.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 18,342 shares of the software maker’s stock worth $1,003,000 after acquiring an additional 10,114 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Alarm.com during the 3rd quarter worth $811,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Alarm.com by 26.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,394 shares of the software maker’s stock worth $9,151,000 after acquiring an additional 35,491 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Alarm.com by 75.2% during the 3rd quarter. Jennison Associates LLC now owns 13,118 shares of the software maker’s stock worth $717,000 after acquiring an additional 5,632 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Alarm.com by 2.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 42,635 shares of the software maker’s stock worth $2,330,000 after acquiring an additional 971 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

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.