Alarm.com (NASDAQ:ALRM) has been given a $52.00 target price by First Analysis in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the software maker’s stock. First Analysis’ target price would indicate a potential upside of 24.43% from the company’s current price.
Several other research firms have also recently weighed in on ALRM. Maxim Group reaffirmed a “buy” rating and set a $59.00 price objective on shares of Alarm.com in a research report on Thursday, March 22nd. BidaskClub raised Alarm.com from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Alex. Brown reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Alarm.com in a research report on Monday, March 19th. Zacks Investment Research cut Alarm.com from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Jefferies Group raised Alarm.com from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $44.00 to $43.00 in a research report on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.55.
ALRM stock opened at $41.79 on Tuesday. The company has a quick ratio of 3.37, a current ratio of 3.68 and a debt-to-equity ratio of -0.80. The stock has a market cap of $1,900.03, a PE ratio of 54.99, a PEG ratio of 2.62 and a beta of 1.13. Alarm.com has a fifty-two week low of $31.04 and a fifty-two week high of $49.49.
Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings data on Tuesday, February 27th. The software maker reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $88.79 million for the quarter, compared to analyst estimates of $83.50 million. Alarm.com had a negative return on equity of 47.29% and a net margin of 8.63%. equities research analysts anticipate that Alarm.com will post 0.98 EPS for the current fiscal year.
In related news, Director Darius G. Nevin purchased 10,000 shares of Alarm.com stock in a transaction that occurred on Friday, March 2nd. The stock was purchased at an average cost of $37.21 per share, with a total value of $372,100.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $372,100. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Trundle sold 25,000 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $39.11, for a total value of $977,750.00. The disclosure for this sale can be found here. Corporate insiders own 46.80% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of Alarm.com by 10.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,549 shares of the software maker’s stock valued at $625,000 after buying an additional 1,610 shares during the last quarter. Pier Capital LLC acquired a new stake in shares of Alarm.com in the fourth quarter valued at approximately $3,009,000. MetLife Investment Advisors LLC acquired a new stake in shares of Alarm.com in the fourth quarter valued at approximately $367,000. Gotham Asset Management LLC acquired a new stake in shares of Alarm.com in the fourth quarter valued at approximately $2,753,000. Finally, Millennium Management LLC acquired a new stake in shares of Alarm.com in the fourth quarter valued at approximately $13,927,000. 87.77% of the stock is owned by institutional investors.
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Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.
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