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

Jefferies Financial Group initiated coverage on shares of Alarm.com (NASDAQ:ALRM) in a research report report published on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $65.00 target price on the software maker’s stock.

Several other research firms have also recently issued reports on ALRM. Barclays decreased their price objective 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 dropped their price objective on 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 raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, The Goldman Sachs Group assumed coverage on shares of Alarm.com in a research report on Friday, September 6th. They issued a “neutral” rating and a $64.00 price target on the stock. Four equities research 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 company has an average rating of “Hold” and an average price target of $66.40.

Alarm.com Price Performance

Shares of NASDAQ:ALRM opened at $56.00 on Tuesday. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. The firm’s 50 day moving average is $54.80 and its two-hundred day moving average is $61.44. The firm has a market capitalization of $2.76 billion, a P/E ratio of 27.86, a PEG ratio of 3.22 and a beta of 0.90. Alarm.com has a 52 week low of $51.05 and a 52 week high of $77.29.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Alarm.com

A number of institutional investors have recently modified their holdings of ALRM. Oakworth Capital Inc. acquired a new stake in Alarm.com during the third quarter valued at $38,000. Point72 DIFC Ltd lifted its holdings in shares of Alarm.com by 293.6% during the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after buying an additional 1,101 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Alarm.com in the 2nd quarter valued at approximately $108,000. CWM LLC increased its holdings in Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after buying an additional 618 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock valued at $151,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

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.