Alarm.com (NASDAQ:ALRM) Stock Rating Upgraded by Zacks Research

Alarm.com (NASDAQ:ALRM - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

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Separately, Raymond James Financial reduced their target price on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.33.

Get Our Latest Report on Alarm.com

Alarm.com Price Performance

NASDAQ ALRM opened at $56.95 on Thursday. Alarm.com has a 1-year low of $48.23 and a 1-year high of $70.06. The business's fifty day moving average price is $56.30 and its 200-day moving average price is $56.25. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.95 and a quick ratio of 1.82. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.84 and a beta of 1.07.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. The business had revenue of $254.31 million during the quarter, compared to the consensus estimate of $243.96 million. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.The business's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. On average, equities analysts predict that Alarm.com will post 1.64 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Kevin Christopher Bradley sold 754 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $56.75, for a total value of $42,789.50. Following the sale, the chief financial officer directly owned 53,056 shares of the company's stock, valued at $3,010,928. This represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.80% of the stock is owned by company insiders.

Institutional Trading of Alarm.com

Several institutional investors and hedge funds have recently made changes to their positions in the business. EP Wealth Advisors LLC bought a new position in Alarm.com during the 4th quarter worth about $205,000. Deutsche Bank AG boosted its holdings in Alarm.com by 6.2% in the fourth quarter. Deutsche Bank AG now owns 392,711 shares of the software maker's stock worth $23,877,000 after acquiring an additional 22,831 shares in the last quarter. Graham Capital Management L.P. grew its position in Alarm.com by 63.2% during the 4th quarter. Graham Capital Management L.P. now owns 47,377 shares of the software maker's stock worth $2,881,000 after purchasing an additional 18,354 shares during the last quarter. Jefferies Financial Group Inc. grew its holdings in shares of Alarm.com by 818.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 116,452 shares of the software maker's stock valued at $7,080,000 after buying an additional 103,777 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Alarm.com by 26.2% during the 4th quarter. Janus Henderson Group PLC now owns 137,174 shares of the software maker's stock valued at $8,341,000 after purchasing an additional 28,510 shares during the last quarter. 91.74% of the stock is currently 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.

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