BlackRock Fund Advisors has recently announced that it has increased stake in Alarm.com Holdings Inc. (NASDAQ:ALRM) by 6.80%. After grabbing 7.38 million shares, the institutional investor is now in possession of 0.47 million shares of the Technology Company. The new investment brought the stake of investor firm to 14.78% having worth around $365.08 million. Moreover, The Vanguard Group, Inc. increased its share by 43757.0 to have a control over 5.38 million shares. And William Blair Investment Manageme raised its holdings to 31904.0 shares by acquiring 2.63 million shares or 5.26% of the stake.
Alarm.com Holdings Inc. (ALRM) concluded trading on 01/19/23 at a closing price of $50.90, with 0.18 million shares of worth about $9.37 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.38% during that period and on Thursday the price saw a loss of about -1.53%. Currently the company’s common shares owned by public are about 49.79M shares, out of which, 47.30M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the ALRM stock and their offered price forecasts bring an average price target of $68.86. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $90.00 and could fall to a lowest price of $52.00. The stock’s current price level is 26.08% above of average price target set by the analysts, while a rise to estimated low would result in gain of 2.12% for the stock. However, touching the estimated high of $90.00 would mean a gain of 43.44% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 47 times over the past 12 months. They bought 114,939 shares in 22 of the transactions. In 25 selling transactions, insiders dumped 87,659 shares.
iShares Core S&P Small Cap ETF, Brown Capital Management – Small, and American Funds Small Cap World Fu are the top 3 mutual funds which are holding stakes in Alarm.com Holdings Inc. iShares Core S&P Small Cap ETF is currently holding 3.69 million shares of worth totaling $182.39 million. The company recently came selling 8935.0 shares which brought its stake up to 7.39% of the company’s outstanding shares. Brown Capital Management – Small sold 12001.0 shares, after which its hold over company’s outstanding shares shrunk to 5.98%, leaving 2.98 million shares with the mutual fund that have a worth of about $147.61 million. American Funds Small Cap World Fu, after buying 1.66 million shares, have now control over 3.33% of the stake in the company. It holds 0.0 shares of worth $82.21 million.
Alarm.com Holdings Inc. (NASDAQ: ALRM) started trading at $51.75, above $0.06 from concluding price of the previous day. However, the stock later moved at a day high price of 51.78, or with a loss of -1.53%. Stock saw a price change of -2.13% in past 5 days and over the past one month there was a price change of 1.29%. Year-to-date (YTD), ALRM shares are showing a performance of 2.87% which decreased to -33.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $46.94 but also hit the highest price of $78.99 during that period. The average intraday trading volume for Alarm.com Holdings Inc. shares is 269.86K. The stock is currently trading 1.53% above its 20-day simple moving average (SMA20), while that difference is up 0.38% for SMA50 and it goes to -16.81% lower than SMA200.
BlackRock Fund Advisors acquired 7.38 million shares of Alarm.com Holdings Inc. having value of about $365.08 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.47 million shares in the company valued at close to $23906508.4, or have control over 6.80% stake in the company. Alarm.com Holdings Inc. (NASDAQ: ALRM) currently have 49.79M outstanding shares and institutions hold larger chunk of about 94.70% of that. Holding of mutual funds in the company is about 40.61% while other institutional holders and individual stake holders have control over 52.81% and 15.21% of the stake respectively.
The stock has a current market capitalization of $2.56B and its 3Y-monthly beta is at 1.02. PE ratio of stock for trailing 12 months is 58.30, while it has posted earnings per share of $0.87 in the same period. It has Quick Ratio of 5.10 while making debt-to-equity ratio of 0.82. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALRM, volatility over the week remained 2.57% while standing at 2.99% over the month.
Analysts are in expectations that Alarm.com Holdings Inc. (ALRM) stock would likely to be making an EPS of $0.5 in the current quarter, while forecast for next quarter EPS is $0.53 and it is $2.09 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.47 which is $0.51 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.53 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -34.10% while it is estimated to decrease by -21.13% in next year. EPS is likely to shrink at an annualized rate of -2.65% for next 5-years, compared to annual growth of 36.60% made by the stock over the past 5-years.
Analysts at 8 brokerage firms have issued recommendations for the Alarm.com Holdings Inc. (ALRM)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.10. Out of those 8 Wall Street analysts, 6 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on April 20, 2022 offering a Buy rating for the stock and assigned a target price of $75 to it. Coverage by Barclays stated Alarm.com Holdings Inc. (ALRM) stock as an Equal weight in their note to investors on July 12, 2021, suggesting a price target of $100 for the stock. On April 08, 2021, Imperial Capital Upgrade their recommendations, while on April 06, 2021, JP Morgan Initiated their ratings for the stock with a price target of $100. Stock get a Buy rating from ROTH Capital on September 30, 2020.