Barclays Cuts Alarm.com (NASDAQ:ALRM) Price Target to $56.00

Alarm.com (NASDAQ:ALRM) had its price target reduced by Barclays from $60.00 to $56.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the software maker’s stock. Barclays‘s price objective would suggest a potential upside of 11.03% from the company’s previous close.

Several other research firms have also recently commented on ALRM. Zacks Research cut shares of Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Alarm.com in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $61.00.

Alarm.com Trading Up 7.0%

ALRM traded up $3.31 during midday trading on Friday, reaching $50.44. 178,550 shares of the company’s stock traded hands, compared to its average volume of 359,432. Alarm.com has a 52 week low of $46.65 and a 52 week high of $70.06. 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 firm has a fifty day moving average of $52.78 and a two-hundred day moving average of $55.06. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 2.37 and a beta of 1.06.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, November 6th. The software maker reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.14. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.The firm had revenue of $256.40 million for the quarter, compared to analysts’ expectations of $251.14 million. During the same period in the previous year, the firm earned $0.62 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. On average, equities analysts anticipate that Alarm.com will post 1.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in Alarm.com by 2.3% in the first quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker’s stock worth $15,102,000 after acquiring an additional 6,078 shares in the last quarter. Alps Advisors Inc. raised its holdings in Alarm.com by 3.0% in the 1st quarter. Alps Advisors Inc. now owns 14,363 shares of the software maker’s stock worth $799,000 after acquiring an additional 419 shares during the last quarter. CWM LLC raised its holdings in Alarm.com by 95.5% in the 1st quarter. CWM LLC now owns 2,031 shares of the software maker’s stock worth $113,000 after acquiring an additional 992 shares during the last quarter. MQS Management LLC bought a new position in Alarm.com in the 1st quarter valued at approximately $473,000. Finally, Larson Financial Group LLC boosted its stake in Alarm.com by 235.5% during the 1st quarter. Larson Financial Group LLC now owns 916 shares of the software maker’s stock valued at $51,000 after purchasing an additional 643 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

About Alarm.com

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.