Alarm.com (NASDAQ:ALRM) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Alarm.com (NASDAQ:ALRM) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alarm.com in a report on Thursday, October 30th. Barclays lowered their price objective on Alarm.com from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.67.

Alarm.com Stock Performance

Shares of Alarm.com stock traded down $0.37 on Monday, hitting $51.05. 9,133 shares of the company’s stock were exchanged, compared to its average volume of 300,155. The stock has a market capitalization of $2.55 billion, a PE ratio of 21.71, a PEG ratio of 1.90 and a beta of 0.81. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.92 and a current ratio of 2.06. The company has a 50-day simple moving average of $51.24 and a 200-day simple moving average of $53.35. Alarm.com has a 1 year low of $46.65 and a 1 year high of $64.26.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, November 6th. The software maker reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.14. The business had revenue of $256.40 million during the quarter, compared to analysts’ expectations of $251.14 million. Alarm.com had a return on equity of 14.26% and a net margin of 12.92%.The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. As a group, equities analysts anticipate that Alarm.com will post 1.64 EPS for the current year.

Insider Transactions at Alarm.com

In other Alarm.com news, Director Stephen C. Evans sold 1,154 shares of Alarm.com stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $52.27, for a total value of $60,319.58. Following the sale, the director owned 6,123 shares of the company’s stock, valued at $320,049.21. The trade was a 15.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey A. Bedell sold 22,727 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was 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 $26,210,815.10. This trade represents a 4.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders bought 26,000 shares of company stock valued at $1,257,321 and sold 56,158 shares valued at $2,866,689. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alarm.com

Hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. bought a new stake in shares of Alarm.com in the 3rd quarter worth about $25,000. Strengthening Families & Communities LLC bought a new stake in Alarm.com during the third quarter worth approximately $27,000. Elevation Point Wealth Partners LLC purchased a new stake in Alarm.com during the second quarter valued at approximately $43,000. Hantz Financial Services Inc. lifted its stake in shares of Alarm.com by 2,637.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 794 shares of the software maker’s stock valued at $42,000 after purchasing an additional 765 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Alarm.com in the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Company Profile

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.