Alarm.com (NASDAQ:ALRM) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Alarm.com (NASDAQ:ALRM) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

ALRM has been the topic of several other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Alarm.com in a report on Tuesday, January 27th. Barclays cut their price target on shares of Alarm.com from $56.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Alarm.com from $55.00 to $40.00 and set an “underweight” rating for the company in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Alarm.com has an average rating of “Moderate Buy” and an average price target of $57.00.

Alarm.com Trading Up 3.5%

Shares of NASDAQ ALRM opened at $47.08 on Tuesday. Alarm.com has a twelve month low of $43.00 and a twelve month high of $60.76. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.59 and a beta of 0.79. The company has a quick ratio of 1.78, a current ratio of 1.92 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average is $49.26 and its 200-day moving average is $51.63.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, February 19th. The software maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.66 by $0.06. The business had revenue of $261.66 million for the quarter, compared to the consensus estimate of $250.75 million. Alarm.com had a return on equity of 14.79% and a net margin of 13.11%.The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS. Alarm.com has set its FY 2026 guidance at 2.780-2.790 EPS. Equities research analysts predict that Alarm.com will post 1.64 EPS for the current year.

Insiders Place Their Bets

In other Alarm.com news, insider Jeffrey A. Bedell sold 22,727 shares of Alarm.com stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $51.82, for a total value of $1,177,713.14. Following the sale, the insider directly owned 505,805 shares in the company, valued at approximately $26,210,815.10. The trade was a 4.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen C. Evans sold 1,154 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $52.27, for a total transaction of $60,319.58. Following the sale, the director directly owned 6,123 shares in the company, valued at $320,049.21. This trade represents a 15.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 26,154 shares of company stock valued at $1,357,388. 5.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Optiver Holding B.V. acquired a new position in shares of Alarm.com during the 3rd quarter worth approximately $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of Alarm.com in the 3rd quarter valued at approximately $27,000. Covestor Ltd grew its stake in shares of Alarm.com by 67.3% in the fourth quarter. Covestor Ltd now owns 691 shares of the software maker’s stock valued at $35,000 after buying an additional 278 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Alarm.com during the second quarter worth $43,000. Finally, Hantz Financial Services Inc. increased its holdings in Alarm.com by 2,637.9% during the third quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock worth $42,000 after buying an additional 765 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

About Alarm.com

Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company’s interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.

Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.