Alarm.com (NASDAQ:ALRM) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Alarm.com (NASDAQ:ALRM) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Several other research analysts have also commented on ALRM. Barclays lifted their price target on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 target price (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Jefferies Financial Group assumed coverage on Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective on the stock. Roth Mkm dropped their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group raised their target price on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $64.40.

Alarm.com Price Performance

Shares of ALRM opened at $64.54 on Wednesday. The business’s 50-day moving average is $59.96 and its two-hundred day moving average is $60.67. Alarm.com has a fifty-two week low of $51.87 and a fifty-two week high of $77.29. The company has a market capitalization of $3.19 billion, a P/E ratio of 27.94, a P/E/G ratio of 4.08 and a beta of 0.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66.

Insider Buying and Selling at Alarm.com

In related news, insider Daniel Kerzner sold 32,851 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was 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 of the company’s stock, valued at approximately $3,961,955.20. The trade was a 35.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen C. Evans sold 2,625 shares of Alarm.com stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the sale, the director now directly owns 5,767 shares in the company, valued at approximately $344,116.89. This trade represents a 31.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,976 shares of company stock valued at $5,576,490. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Alarm.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALRM. Parkside Financial Bank & Trust increased 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 buying an additional 183 shares during the last quarter. Arizona State Retirement System increased its position in shares of Alarm.com by 1.8% in the second quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after purchasing an additional 232 shares during the period. Nicolet Advisory Services LLC boosted its position 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 worth $250,000 after acquiring an additional 272 shares in the last quarter. Huntington National Bank lifted its position in shares of 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 buying an additional 367 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Alarm.com by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the software maker’s stock valued at $1,608,000 after purchasing an additional 500 shares in the last quarter. 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.