Equities researchers at Jefferies Group LLC initiated coverage on shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in a report released on Friday. The firm set a “hold” rating on the software maker’s stock.

A number of other brokerages also recently weighed in on ALRM. William Blair reissued an “outperform” rating on shares of Alarm.com Holdings in a report on Thursday, September 21st. Roth Capital reissued a “buy” rating and issued a $48.00 price target on shares of Alarm.com Holdings in a report on Friday, September 8th. Zacks Investment Research raised shares of Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Monday, August 14th. Northland Securities set a $45.00 price target on shares of Alarm.com Holdings and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $34.00 price target (up from $29.00) on shares of Alarm.com Holdings in a report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $43.11.

Alarm.com Holdings (NASDAQ:ALRM) opened at 47.03 on Friday. The company’s 50-day moving average is $45.10 and its 200 day moving average is $45.10. The firm has a market cap of $2.20 billion, a PE ratio of 120.28 and a beta of 1.45. Alarm.com Holdings has a one year low of $26.68 and a one year high of $48.38.

Alarm.com Holdings (NASDAQ:ALRM) last posted its earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.14. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 35.68%. The firm had revenue of $86.00 million during the quarter, compared to analyst estimates of $81.05 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue was up 33.5% compared to the same quarter last year. Equities analysts anticipate that Alarm.com Holdings will post $0.97 earnings per share for the current year.

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In other Alarm.com Holdings news, insider David Hutz sold 3,500 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $37.02, for a total transaction of $129,570.00. Following the sale, the insider now directly owns 131,022 shares of the company’s stock, valued at $4,850,434.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephen Trundle sold 78,542 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $45.25, for a total transaction of $3,554,025.50. The disclosure for this sale can be found here. Insiders sold a total of 370,942 shares of company stock worth $15,958,457 over the last three months. 78.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its holdings in Alarm.com Holdings by 40.8% during the first quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock valued at $110,000 after purchasing an additional 1,039 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Alarm.com Holdings by 95.8% during the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock valued at $156,000 after purchasing an additional 2,033 shares during the last quarter. Legal & General Group Plc lifted its holdings in Alarm.com Holdings by 57.4% during the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock valued at $172,000 after purchasing an additional 1,673 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Alarm.com Holdings during the first quarter valued at about $178,000. Finally, American International Group Inc. lifted its holdings in Alarm.com Holdings by 7.1% during the first quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock valued at $195,000 after purchasing an additional 422 shares during the last quarter. 84.05% of the stock is currently owned by institutional investors and hedge funds.

About Alarm.com Holdings

Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.

Analyst Recommendations for Alarm.com Holdings (NASDAQ:ALRM)

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