Alarm.com (ALRM) Upgraded by BidaskClub to “Strong-Buy”

BidaskClub upgraded shares of Alarm.com (NASDAQ:ALRM) from a buy rating to a strong-buy rating in a research report report published on Wednesday.

Several other research firms have also weighed in on ALRM. Imperial Capital upgraded shares of Alarm.com from an in-line rating to an outperform rating and boosted their target price for the company from $37.88 to $45.00 in a report on Friday, February 16th. First Analysis set a $52.00 target price on shares of Alarm.com and gave the company a buy rating in a report on Tuesday. Raymond James reiterated an outperform rating and issued a $48.00 target price on shares of Alarm.com in a report on Monday, March 19th. Zacks Investment Research upgraded shares of Alarm.com from a hold rating to a buy rating and set a $43.00 target price on the stock in a report on Tuesday, February 27th. Finally, Jefferies Group upgraded shares of Alarm.com from a hold rating to a buy rating and decreased their target price for the company from $44.00 to $43.00 in a report on Thursday, January 18th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of $48.55.

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NASDAQ:ALRM opened at $42.71 on Wednesday. The company has a current ratio of 3.68, a quick ratio of 3.37 and a debt-to-equity ratio of -0.80. The stock has a market capitalization of $1,972.73, a price-to-earnings ratio of 56.20, a PEG ratio of 2.72 and a beta of 1.13. Alarm.com has a 1-year low of $31.28 and a 1-year high of $49.49.

Alarm.com (NASDAQ:ALRM) last posted its earnings results 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 during the quarter, compared to analyst estimates of $83.50 million. Alarm.com had a net margin of 8.63% and a negative return on equity of 47.29%. equities analysts expect that Alarm.com will post 0.98 EPS for the current fiscal year.

In other news, insider Stephen Trundle sold 25,000 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Darius G. Nevin purchased 10,000 shares of Alarm.com stock in a transaction dated Friday, March 2nd. The stock was bought at an average cost of $37.21 per share, for a total transaction of $372,100.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $372,100. The disclosure for this purchase can be found here. 78.50% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Alarm.com by 10.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,549 shares of the software maker’s stock valued at $625,000 after acquiring an additional 1,610 shares during the period. Blueport Capital L.P. raised its stake in shares of Alarm.com by 19.6% in the 4th quarter. Blueport Capital L.P. now owns 10,788 shares of the software maker’s stock valued at $407,000 after acquiring an additional 1,771 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Alarm.com in the 3rd quarter valued at approximately $109,000. Envestnet Asset Management Inc. increased its stake in Alarm.com by 33.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 11,955 shares of the software maker’s stock worth $541,000 after buying an additional 2,994 shares during the period. Finally, Macquarie Group Ltd. purchased a new stake in Alarm.com during the 3rd quarter worth approximately $147,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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About Alarm.com

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.

Analyst Recommendations for Alarm.com (NASDAQ:ALRM)

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