Short interest for Alarm.com Holdings gives investors a sense of the degree to which investors are betting on the decline of Alarm.com Holdings's stock. Short interest data is updated every two weeks.

Alarm.com Holdings Stock (NASDAQ:ALRM), Short Interest Report

Alarm.com Holdings

Alarm.com Holdings Inc has two reportable segments: Alarm.com & Other. The Alarm.com segment represents the cloud-based Software platforms for intelligently connected property & related solutions. The other segment is focused on researching, developing & offering residential & commercial automation solutions & energy management products & services in adjacent markets. The majority of revenue is from the Alarm.com segment. The platform allows home & business owners to secure their properties and automate & control an array of connected devices. SaaS & license fees from service providers, who resell these services & pay Alarm.com a monthly subscription, are the sources of revenue for the firm. The majority of revenue is generated in the United States & Canada.

News

Movers

ALRM

Alarm.com Holdings, Inc. (NASDAQ: ALRM) shares are trading higher in Thursday&#39;s after-hours session.

What&#39;s Up With Alarm.com Stock?

wall street bull shutter

Earnings

Equities

Economics

Federal Reserve

Pre-Market Outlook

Markets

Trading Ideas

$BTC

$ETC

$ETH

BLNK

SPDR Dow Jones Industrial Average ETF Trust

HOLX

ILMN

MSFT

NVTS

PLUG

iShares Trust Barclays 20+ Year Treasury Bond Fund

PowerShares DB US Dollar Index Bullish Fund

WYNN

Stocks rallied on Friday, reversing the negative session from Thursday, which had broken the longest winning streak in over two years, following hawkish comments by Fed Chair Jerome Powell on Federal Reserve policy.

Tech Stocks Soar, Microsoft Reaches Record High As AI Rally Resumes: What&#39;s Driving Markets Friday?

Penny Stocks

Small Cap

Intraday Update

AVPT

CWCO

DOCS

INDI

LILA

LYFT

MVST

OUST

RCEL

SPRY

SYNA

TARS

VZIO

U.S. stocks traded higher, with the Dow Jones gaining around 80 points on Friday.

Shares of  Synaptics Incorporated (NASDAQ: SYNA) rose sharply on Friday after the company reported better-than-expected quarterly financial results.

Big Stocks Moving Higher On Friday: Synaptics Reports Q1 Beat; Joins Lyft, Hologic, Blink Charging

Alarm.com Holdings Inc

Highlighted on March 1, it was unveiled in an SEC filing that Valenzuela, Chief Financial Officer at Alarm.com Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRM#NASDAQ">ALRM</a>), executed a significant transaction involving the exercise of company stock options.
What Happened: The latest Form 4 filing on Friday with the <a href="https://www.sec.gov/Archives/edgar/data/0001459200/000120919124004130//Archives/edgar/data/1459200/000120919124004130/0001209191-24-004130-index.htm">U.S. Securities and Exchange Commission</a> uncovered Valenzuela, Chief Financial Officer at Alarm.com Holdings, exercising stock options for 16,666 shares of ALRM. The total transaction was valued at $361,057.
The latest update on Friday morning shows Alarm.com Holdings shares down by 0.71%, trading at $75.15. At this price, Valenzuela's 16,666 shares are worth $361,057.
<h3>Delving into Alarm.com Holdings's Background</h3>
Alarm.com Holdings Inc has two reportable segments: Alarm.com &amp; Other. The Alarm.com segment represents the cloud-based Software platforms for intelligently connected property &amp; related solutions. The other segment is focused on researching, developing &amp; offering residential &amp; commercial automation solutions &amp; energy management products &amp; services in adjacent markets. The majority of revenue is from the Alarm.com segment. The platform allows home &amp; business owners to secure their properties and automate &amp; control an array of connected devices. SaaS &amp; license fees from service providers, who resell these services &amp; pay Alarm.com a monthly subscription, are the sources of revenue for the firm. The majority of revenue is generated in the United States &amp; Canada.
<h3>A Deep Dive into Alarm.com Holdings's Financials</h3>
Revenue Growth: Over the 3 months period, Alarm.com Holdings showcased positive performance, achieving a revenue growth rate of 8.7% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Insights into Profitability:
<ul>
<li>
Gross Margin: With a low gross margin of 64.1%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 0.63, Alarm.com Holdings showcases strong earnings per share.
</li>
</ul>
Debt Management: Alarm.com Holdings's debt-to-equity ratio is below the industry average at 0.76, reflecting a lower dependency on debt financing and a more conservative financial approach.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 49.44 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 4.69 is lower than the industry average, implying a discounted valuation for Alarm.com Holdings's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 24.81, Alarm.com Holdings could be considered undervalued.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Understanding the Significance of Insider Transactions</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001459200">Check Out The Full List Of Alarm.com Holdings's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Steve Valenzuela Exercises Options, Realizes $361K

Stephen Evans, Director at Alarm.com Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRM#NASDAQ">ALRM</a>), reported an insider sell on February 28, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001459200/000120919124004030//Archives/edgar/data/1459200/000120919124004030/0001209191-24-004030-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Evans sold 1,000 shares of Alarm.com Holdings. The total transaction amounted to $74,120. 
In the Wednesday's morning session, Alarm.com Holdings's shares are currently trading at $74.75, experiencing a down of 0.84%.
<h3>Get to Know Alarm.com Holdings Better</h3>
Alarm.com Holdings Inc has two reportable segments: Alarm.com &amp; Other. The Alarm.com segment represents the cloud-based Software platforms for intelligently connected property &amp; related solutions. The other segment is focused on researching, developing &amp; offering residential &amp; commercial automation solutions &amp; energy management products &amp; services in adjacent markets. The majority of revenue is from the Alarm.com segment. The platform allows home &amp; business owners to secure their properties and automate &amp; control an array of connected devices. SaaS &amp; license fees from service providers, who resell these services &amp; pay Alarm.com a monthly subscription, are the sources of revenue for the firm. The majority of revenue is generated in the United States &amp; Canada.
<h3>A Deep Dive into Alarm.com Holdings's Financials</h3>
Revenue Growth: Alarm.com Holdings displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 8.7%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: With a low gross margin of 64.1%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Alarm.com Holdings's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 0.63.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.76, Alarm.com Holdings adopts a prudent financial strategy, indicating a balanced approach to debt management.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: Alarm.com Holdings's P/E ratio of 49.25 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 4.67 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 24.71, Alarm.com Holdings's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Exploring Key Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001459200">Check Out The Full List Of Alarm.com Holdings's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Unloading: Stephen Evans Sells $74K Worth Of Alarm.com Holdings Shares

In the preceding three months, 4 analysts have released ratings for Alarm.com Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRM#NASDAQ">ALRM</a>), presenting a wide array of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Alarm.com Holdings, revealing an average target of $69.0, a high estimate of $78.00, and a low estimate of $62.00. This upward trend is apparent, with the current average reflecting a 10.4% increase from the previous average price target of $62.50.
<img src="https://www.benzinga.com/files/images/story/2024/1708700480_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A comprehensive examination of how financial experts perceive Alarm.com Holdings is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$78.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Sterling Auty</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$66.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Darren Aftahi</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$70.00</td>
<td>$67.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Alarm.com Holdings. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Alarm.com Holdings compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Alarm.com Holdings's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Alarm.com Holdings's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ALRM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Alarm.com Holdings analyst ratings.</a>
<h2>All You Need to Know About Alarm.com Holdings</h2>
Alarm.com Holdings Inc has two reportable segments: Alarm.com &amp; Other. The Alarm.com segment represents the cloud-based Software platforms for intelligently connected property &amp; related solutions. The other segment is focused on researching, developing &amp; offering residential &amp; commercial automation solutions &amp; energy management products &amp; services in adjacent markets. The majority of revenue is from the Alarm.com segment. The platform allows home &amp; business owners to secure their properties and automate &amp; control an array of connected devices. SaaS &amp; license fees from service providers, who resell these services &amp; pay Alarm.com a monthly subscription, are the sources of revenue for the firm. A majority of revenue is generated in the United States &amp; Canada.
<h3>Understanding the Numbers: Alarm.com Holdings's Finances</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Alarm.com Holdings's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 2.64%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Alarm.com Holdings's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.8% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Alarm.com Holdings's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.98% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Alarm.com Holdings's ROA excels beyond industry benchmarks, reaching 1.4%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.79.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Beyond The Numbers: 4 Analysts Discuss Alarm.com Holdings Stock

Guidance

Alarm.com Sees Q1 SaaS And License Revenue $148.6M-$148.8M; Sees FY24 Total Revenue $912.5M-$933.5M vs $921.93M Est., Adj. EPS $2.10-$2.14 vs $2.09 Est.

Alarm.com Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRM#NASDAQ">ALRM</a>) reported its Q4 earnings results on Thursday, February 22, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Alarm.com Holdings beat estimated earnings by 31.91%, reporting an EPS of $0.62 versus an estimate of $0.47.
Revenue was up $18.10 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.16 which was followed by a 9.95% increase in the share price the next day.
Here's a look at Alarm.com Holdings's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.40</td>
<td>0.36</td>
<td>0.31</td>
<td>0.42</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.56</td>
<td>0.49</td>
<td>0.41</td>
<td>0.53</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>224.07M</td>
<td>214.46M</td>
<td>207.64M</td>
<td>207.29M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>221.85M</td>
<td>223.88M</td>
<td>209.72M</td>
<td>208.14M</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
Alarm.com Holdings management provided guidance for FY 2024, expecting earnings between $2.1 and $2.14 per share.
To track all earnings releases for Alarm.com Holdings <a href="https://www.benzinga.com/quote/ALRM/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Alarm.com Holdings: Q4 Earnings Insights

Alarm.com Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRM#NASDAQ">ALRM</a>) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.47 by 31.91 percent. The company reported quarterly sales of $226.24 million which beat the analyst consensus estimate of $224.87 million by 0.61 percent. This is a 8.70 percent increase over sales of $208.14 million the same period last year.

Earnings Beats

Alarm.com Holdings Q4 2023 Adj EPS $0.62 Beats $0.47 Estimate, Sales $226.24M Beat $224.87M Estimate

Alarm.com Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRM#NASDAQ">ALRM</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-22. Here's what investors need to know before the announcement.
Analysts estimate that Alarm.com Holdings will report an earnings per share (EPS) of $0.47. 
Alarm.com Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.16, which was followed by a 9.95% increase in the share price the next day.
Here's a look at Alarm.com Holdings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.40</td>
<td>0.36</td>
<td>0.31</td>
<td>0.42</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.56</td>
<td>0.49</td>
<td>0.41</td>
<td>0.53</td>
</tr>
<tr>
<td>Price Change %</td>
<td>9.95%</td>
<td>24.06%</td>
<td>3.82%</td>
<td>-2.58%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708531298_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Alarm.com Holdings were trading at $69.02 as of February 20. Over the last 52-week period, shares are up 31.13%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/ALRM/earnings">To track all earnings releases for Alarm.com Holdings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Alarm.com Holdings

WIIM

APPN

CFLT

CRWD

HUBS

INTU

OKTA

SNOW

TWLO

Shares of software stocks are trading higher as tech stocks rebound after falling on Tuesday.

JP Morgan analyst Sterling Auty maintains Alarm.com Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRM#NASDAQ">ALRM</a>) with a Neutral and raises the price target from $55 to $62.

Price Target

JP Morgan Maintains Neutral on Alarm.com Holdings, Raises Price Target to $62

Barclays analyst Saket Kalia maintains Alarm.com Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRM#NASDAQ">ALRM</a>) with a Equal-Weight and raises the price target from $62 to $66.

Barclays Maintains Equal-Weight on Alarm.com Holdings, Raises Price Target to $66

Roth MKM analyst Darren Aftahi maintains Alarm.com Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRM#NASDAQ">ALRM</a>) with a Buy and raises the price target from $67 to $70.

Roth MKM Maintains Buy on Alarm.com Holdings, Raises Price Target to $70

Alarm.com Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alrm#NASDAQ">ALRM</a>) shares are trading higher in Thursday&#39;s after-hours session. The company announced a development regarding its <a href="https://www.benzinga.com/pressreleases/23/12/b36418189/alarm-com-and-vivint-settle-litigation-enter-into-license-agreement">litigation with Vivint</a>.
What To Know: After the close of the market on Thursday, Alarm.com and Vivint announced the resolution of all outstanding litigation between them. Furthermore, the companies also stated that they have commenced a long-term intellectual property license agreement under which Alarm.com will license to Vivint its intellectual property portfolio.
The roughly 2% gain in Alarm.com shares after-hours follows a modest regular trading session, with the stock moving higher by almost 1%.
Since the beginning of November, the stock has trended up by over 20%. One of the factors which contributed to the rise was the company&#39;s third-quarter earnings results.
Related Link: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/12/36418780/wharton-professor-jeremy-siegel-says-stocks-could-climb-10-or-more-in-2024">Wharton Professor Jeremy Siegel Says Stocks Could Climb 10% Or More In 2024</a>
ALRM Price Action: Shares of Alarm.com were up 1.98% at $64.46 in the after-hours session at the time of publication, according to <a href="http://pro.benzinga">Benzinga Pro</a>.&nbsp;
Image by <a href="https://pixabay.com/users/elchinator-10722855/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=4280758">Elchinator</a> from <a href="https://pixabay.com//?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=4280758">Pixabay</a>

What's Up With Alarm.com Stock?

Alarm.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRM#NASDAQ">ALRM</a>) and Vivint announce they have resolved all outstanding litigation between them and entered into a long-term intellectual property license agreement under which Alarm.com will license to Vivint its intellectual property portfolio.
Except as required under the rules of the Securities and Exchange Commission, no other information shall be provided regarding the settlement of these matters.

Alarm.com And Vivint Settle Litigation, Enter Into Long-Term Intellectual Property License Agreement Under Which Alarm.com Will License To Vivint Its Intellectual Property Portfolio

Stocks rallied on Friday, reversing the negative session from Thursday, which had broken the longest winning streak in over two years, following hawkish comments by Fed Chair Jerome Powell <a href="https://www.benzinga.com/markets/equities/23/11/35715608/s-p-500-nasdaq-100-snap-longest-winning-streak-in-two-years-as-feds-powell-chills-markets">on Federal Reserve policy.</a>
The tech sector is back on the rise, driven by the performance of the Magnificent 7 titans, with Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) reaching a new all-time high, breaking above $369 at the time of publication.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is also up, marking its fourth consecutive week of gains, the best streak since January 2023.
The University of Michigan consumer sentiment index fell to 60.4 in November, the lowest in six months, well below the forecast of 63.7. However, five-year inflation expectations reached 4.4%, the highest level since March 2011.
Cues From Friday's Trading:
The S&amp;P 500 rose 1%, on track to end the week in the green. Blue chips in the Dow Jones Industrial Average rose 0.7%, battling to close the week in the green. 
The tech-heavy Nasdaq 100 soared 1.8%, pushing weekly gains to 2.4%. Small caps also rose 0.8%, but remained negative for the week. 
 US Index Performance On Friday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index </td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+1.80%</td>
<td>15,462.63</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+1.13%</td>
<td>4,396.76</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.69%</td>
<td>34,158.92</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.77%</td>
<td>1,700.36</td>
</tr>
</tbody>
</table>
</figure>
Thursday&#8217;s&nbsp;Trading In Major US&nbsp;Equity ETFs
<ul>
<li>The SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 1.2% higher to&nbsp;$439.15</li>
<li>The SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.9% to $342.02&nbsp;</li>
<li>The Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 1.9% to $376.93, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a></li>
</ul>
Looking at S&amp;P 500&#8217;s sector ETFs:
<ul>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, rising 2.2%</li>
<li>The Health Care&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) was the laggard, up by 0.1%. </li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) tumbled over 43% to $3.38 following its t<a href="https://www.benzinga.com/markets/equities/23/11/35720218/plug-power-flashes-going-concern-warning-following-downbeat-q3-results-stock-sinks-over-25">hird-quarter miss and &#8220;going concern&#8221; warning.</a></li>
<li>Among the other stocks moving on <a href="https://www.benzinga.com/calendars/earnings">earnings news </a>are Alarm.com Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRM#NASDAQ">ALRM</a>) (up nearly 10%) Blink Charging Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) (up about 30.5%), Hologic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NASDAQ">HOLX</a>) (up over 6%), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) (down about 10%), Lions Gate Entertainment Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGF#NYSE">LGF</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGF#NYSE">LGF</a>) (flat), Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) (up over 11%), Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) (up over 4%), The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) (down over 16%) and Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) (down about 5%).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil rose 2.2%, with a barrel of WTI-grade crude trading at $81. The United States Oil Fund&nbsp;ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) was 2.3% higher to $71.83.&nbsp;&nbsp;
Treasury yields were mostly steady,&nbsp;with the 10-year yield at 4.63% and the two-year yield up by 3&nbsp;basis points to 5.05%.&nbsp;The iShares 20+ Year Treasury Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NYSE">TLT</a>) was 0.4% higher for the day.&nbsp;
The dollar eased, with the U.S. dollar index, which is tracked by the&nbsp;Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) down 0.1%. The EUR/USD pair, which is tracked by the Invesco CurrecyShares Euro Currency Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXE#NYSE">FXE</a>),&nbsp;was 0.1% higher to 1.0680.
European equity indices had a positive session. The SPDR DJ Euro STOXX 50 ETF&nbsp;&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FEZ#NYSE">FEZ</a>) rose 0.5%.&nbsp;
Gold fell 1.2% to $1,934/oz, while silver fell 1.8% to $22.22.&nbsp;
Read Next: <a href="https://www.benzinga.com/markets/bonds/23/11/35706307/feds-barkin-warns-there-is-more-inflation-to-come-calls-for-decisive-economic-slowdown">Fed&#8217;s Barkin Warns &#8216;There Is More Inflation To Come,&#8217; Calls For Decisive Economic Slowdown</a>
Photo: Shutterstock

Tech Stocks Soar, Microsoft Reaches Record High As AI Rally Resumes: What's Driving Markets Friday?

U.S. stocks traded higher, with the Dow Jones gaining around 80 points on Friday.
Shares of Synaptics Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syna#NASDAQ">SYNA</a>) rose sharply on Friday after the company reported better-than-expected quarterly financial results.
Synaptics posted adjusted earnings of 52 cents per share, beating market estimates of 40 cents per share. The company&rsquo;s sales came in at $237.7 million&nbsp;versus expectations of $232.7 million.
Synaptics said it saw second-quarter&nbsp;revenue of $220 million to $250 million&nbsp;versus estimates of $239.82 million.
Several analysts, including, KeyBanc Capital Markets, Needham and Susquehanna raised their price targets on the stock following quarterly earnings.
Synaptics shares rose&nbsp;13.55% to $100.49 at last check.
Here are some other big stocks recording gains in Friday&#39;s session.
Blink Charging Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blnk#NASDAQ">BLNK</a>) shares jumped 31.30% to $3.22 after the company reported strong third-quarter revenue and raised 2023 revenue target.
Ouster, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oust#NYSE">OUST</a>) rose 14.46% to $4.71&nbsp;following upbeat quarterly results.
VIZIO Holding Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vzio#NYSE">VZIO</a>) gained 25.38% to $6.62 after the company reported third-quarter financial results.
AVITA Medical&nbsp;Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcel#NASDAQ">RCEL</a>) jumped 11.74% to $11.04&nbsp;after the company reported better-than-expected third-quarter sales.
Doximity, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/docs#NYSE">DOCS</a>) shares gained 11.68% to $22.90&nbsp;after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.
Consolidated Water Co. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cwco#NASDAQ">CWCO</a>) rose 14.60% to $34.98&nbsp;following upbeat results.
ARS Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spry#NASDAQ">SPRY</a>) jumped 14% to $3.92 in early trading, but was up 5.10% at $3.61 mid-day&nbsp;following third-quarter results.
indie Semiconductor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indi#NASDAQ">INDI</a>) rose 11.36% to $5.50&nbsp;after the company reported better-than-expected third-quarter sales results.
Tarsus Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tars#NASDAQ">TARS</a>) gained 8.54% to $16.90&nbsp;following strong sales.
Liberty Latin America Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lila#NASDAQ">LILA</a>) climbed 11.74% to $7.14&nbsp;after posting a profit for the third quarter.
Microvast Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mvst#NASDAQ">MVST</a>) climbed 16.06% to $1.45&nbsp;following third-quarter results.
PAR Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/par#NYSE">PAR</a>) shares rose 10.50% to $35.03&nbsp;following upbeat results.
Alarm.com Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alrm#NASDAQ">ALRM</a>) gained 9.7% to $56.46 after the company reported mixed third-quarter financial results and issued guidance.
PureCycle Technologies&nbsp;Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pct#NASDAQ">PCT</a>) rose 9.1% to $3.37, but was up 4.69% at $3.24 mid-day.
Light &amp; Wonder, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lnw#NASDAQ">LNW</a>) gained 8.70% to $84.86 following third-quarter results.
AvePoint, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avpt#NASDAQ">AVPT</a>) rose 8.64% to $8.05&nbsp;after the company posted third-quarter results and raised 2023 total revenue guidance.
Stantec Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stn#NYSE">STN</a>) gained 7.52% to $67.78&nbsp;following strong results.
Lyft, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) gained 5.05% to $10.59&nbsp;following third-quarter earnings.
Hologic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holx#NASDAQ">HOLX</a>) climbed 5.35% to $70.78&nbsp;following upbeat results.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/11/35720773/i-want-you-to-buy-it-and-every-time-it-dips-i-want-you-to-buy-more-cramer-hypes-up-auto-"> &#39;I Want You To Buy It, And Every Time It Dips, I Want You To Buy More&#39;: Cramer Hypes Up Auto Parts Retailer </a>
Photo: Shutterstock

Alarm.com shares are trading higher after the company reported mixed Q3 financial results and issued guidance.

Financial Outlook
Alarm.com is providing its outlook for SaaS and license revenue for the fourth quarter of 2023 and increasing its SaaS and license revenue, non-GAAP adjusted EBITDA and non-GAAP adjusted net income attributable to common stockholders guidance for the full year of 2023 based upon current management expectations.
For the fourth quarter of 2023:
<ul>
<li>SaaS and license revenue is expected to be in the range of $146.0 million to $146.2 million.</li>
</ul>
For the full year of 2023:
<ul>
<li>SaaS and license revenue is expected to be in the range of $566.9 million to $567.1 million.</li>
<li>Total revenue is expected to be in the range of $878.9 million to $881.1 million, which includes anticipated hardware and other revenue in the range of $312.0 million to $314.0 million.</li>
<li>Non-GAAP adjusted EBITDA is expected to be in the range of $143.0 million to $144.0 million.</li>
<li>Non-GAAP adjusted net income attributable to common stockholders is expected to be in the range of $103.5 million to $105.0 million, based on an estimated tax rate of 21.0%.</li>
<li>Based on an expected 54.6 million weighted average diluted shares outstanding, non-GAAP adjusted net income attributable to common stockholders is expected to be $1.90 to $1.92 per diluted share.</li>
</ul>
The 2023 guidance provided above is forward-looking in nature. Actual results may differ materially. See the cautionary note regarding "Forward-Looking Statements" below. The guidance provided above is based on expectations as of the date of this press release and Alarm.com undertakes no obligation to update guidance after such date.

Alarm.com Sees Q4 SaaA And License Revenue Is Expected To Be In The Range Of $146M-$146.2M; FY23 EPS $1.90-$1.92 Vs $1.70 Est.; Total Revenue Is Expected To Be In The Range Of $878.9M-$881.1M Vs $881.11M Est.

Alarm.com Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRM#NASDAQ">ALRM</a>) reported quarterly earnings of $0.56 per share which beat the analyst consensus estimate of $0.40 by 40 percent. This is a 1.82 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $221.85 million which missed the analyst consensus estimate of $224.07 million by 0.99 percent. This is a 2.64 percent increase over sales of $216.14 million the same period last year.

Earnings Misses

Alarm.com Holdings Q3 Adj $0.56 Beats $0.40 Estimate, Sales $221.85M Miss $224.07M Estimate

The stock markets is in a lackluster session on Thursday, with traders eagerly awaiting more clues on monetary policy from Fed Chair Jerome Powell, who is set to deliver live remarks at <a href="https://www.benzinga.com/topic/jerome-powell">2 p.m. in Washington.</a>
In other Fed commentary, Richmond Fed President Thomas Barkin emphasized the need for an economic slowdown to complete the disinflation process and <a href="https://www.benzinga.com/markets/bonds/23/11/35706307/feds-barkin-warns-there-is-more-inflation-to-come-calls-for-decisive-economic-slowdown">reach the 2% target</a>.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) experienced a rollercoaster ride, surging as much as 6.5% at 10 a.m. only to nearly erase its gains by noon trading in New York.
Jitters returned to the Treasury market, with yields surging significantly on the long end of the curve. The 30-year yield increased by 11 basis points to 4.73%, while the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) declined by 1.5%.
The S&amp;P 500 is on a eight-day winning streak, while the Nasdaq 100 has risen in each of the last nine sessions. 
Cues From Thursday&#8217;s Trading:
The S&amp;P 500 hovered around flat trading, while blue-chip stocks in the Dow Jones were a tad lower. 
The tech-heavy Nasdaq 100 inched 0.1% higher, while small caps fell 0.2%
 US Index Performance On Wednesday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.09%</td>
<td>15,326.45</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.03%</td>
<td>4,381.49</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.08%</td>
<td>34,088.29</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.19%</td>
<td>1,710.93</td>
</tr>
</tbody>
</table>
</figure>
Thursday&#8217;s&nbsp;Trading In Major US&nbsp;Equity ETFs
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was flat at $437.37.</li>
<li>The SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) held steady at $341.12. </li>
<li>The Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.15% to $373, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a></li>
</ul>
Looking at S&amp;P 500 sector ETFs:
<ul>
<li>The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) was the outperformer, up 0.7%.</li>
<li>The Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) was the laggard, down 1.5%. </li>
</ul>
Upcoming Economic Data:
The Labor Department reported that weekly jobless claims were 217,000 for the week ending Nov.4, marginally lower than the revised 220,000 of the prior week, and broadly in line with the expected 218,000. 
The Treasury will auction 30-year bonds at 1 p.m. ET.
Fed Chair Powell will participate in a panel discussion at the IMF at 2 p.m. ET.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) rallied over 7% as investors reacted positively to its fourth-quarter earnings report and the <a href="https://www.benzinga.com/news/earnings/23/11/35692758/disney-ceo-bob-iger-reveals-4-building-blocks-for-reviving-mouse-house-move-beyond-this-period-of-f">management commentary on the call.</a></li>
<li>Among the other stocks moving on earnings news are Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) (up over 17%), HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) (down over 4%), AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) (down about 11%), Luminar Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) (down about 14%), Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) (up over 9%), MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) (flat), Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) (up over 24%), AstraZeneca plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) (up over 1%) and Becton, Dickinson and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDX#NYSE">BDX</a>) (down 8%), </li>
<li>Companies reporting after the close include Alarm.com Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRM#NASDAQ">ALRM</a>), Blink Charging Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>), DoubleVerify Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>), Hologic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NASDAQ">HOLX</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Lions Gate Entertainment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGF#NYSE">LGF</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGF#NYSE">LGF</a>), Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>), News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>), Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>), SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) and Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil rose 0.6%, with a barrel of WTI-grade crude trading at $76. The United States Oil Fund&nbsp;ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) was 0.7% higher to $70.66.&nbsp;&nbsp;
Treasury yields were slightly higher,&nbsp;with the 10-year yield up by 8 basis points to 4.57%. The US Treasury Note ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTEN#NYSE">UTEN</a>) was 0.6% lower. 
The dollar held steady, with the U.S. dollar index, which is tracked by the&nbsp;Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) flat. The EUR/USD pair, which is tracked by the Invesco CurrecyShares Euro Currency Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXE#NYSE">FXE</a>),&nbsp;was unchanged at 1.07.
European equity indices had a positive session. The SPDR DJ Euro STOXX 50 ETF&nbsp;&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FEZ#NYSE">FEZ</a>) rose 1%.&nbsp;
Gold rallied 0.6%&nbsp;to $1,961/oz, while silver rose 1.3% to $22.82. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was 2.2% higher to $36,441.
Staff writer Piero Cingari updated this report midday Thursday.&nbsp;
Read Next: <a href="https://www.benzinga.com/23/11/35687689/us-economy-set-for-upturn-in-2024-goldman-sachs-projects-s-p-500-bonds-will-climb-as-inflation-subsi">US Economy Primed For 2024 Rebound: Goldman Sachs Envisions S&amp;P 500, Bond Surge As Inflation Pressure Eases</a>
Photo via Shutterstock.

AFRM

DNUT

LAZR

NVAX

NWSA

SOUN

SPCE

USFD

UTEN

VSAT

Traders Hold Breath For Powell's Remarks, Bitcoin's Wild Ride Unleashed: What's Driving Markets Thursday?

Alarm.com Q4 2023 Earnings Preview

Alarm.com Non-GAAP EPS of $0.62 beats by $0.15, revenue of $226.24M beats by $1.31M

Alarm.com Holdings, Inc. (ALRM) Q4 2023 Earnings Call Transcript

William Blair analyst Matthew Pfau has maintained their neutral stance on ALRM stock, giving a Hold rating today. Matthew Pfau's rating is based on...

Alarm.com: Positive Q4 Performance Amidst Market Uncertainties Justifies Hold Rating

Roth MKM analyst Darren Aftahi reiterated a Buy rating on Alarm (ALRM – Research Report) today and set a price target of $78.00. Darren Aftahi has ...

Buy Rating Affirmed for Alarm.com Holdings Following Strong Q4 Performance and Upward FY24 Guidance

Friday, February 23, 2024 - Alarm.com (ALRM) reported upside earnings and revenues today.Alarm.com's earnings came in at an EPS of $0.62 per share, 32.00% higher than estimates for an EPS of $0.47 per share. The firm's earnings are up 17% since reporting $0.53 per share in the same period a year ago. Remember, earnings rep

Alarm.com Up 5.19% To $73.61 After Earnings Beat

There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Alarm (ALRM – Research Report) and American Software...

Analysts Offer Insights on Technology Companies: Alarm (ALRM) and American Software (AMSWA)

Bank of America Securities analyst Michael Funk reiterated a Buy rating on Alarm (ALRM – Research Report) yesterday and set a price target of $83.0...

Alarm.com: Strong Growth and Upward Momentum Justify Buy Rating

The home improvement industry promises long-term growth due to rising home starts, growing disposable incomes, falling mortgage rates, and increasing interest in remodeling projects. Given their solid growth prospects, investors could consider buying fundamentally strong home improvement stocks: Mohawk Industries (MHK), Lifetime Brands (LCUT), Alarm.com (ALRM), and Hamilton Beach Brands (HBB). Read more... Despite various challenges, the home improvement industry's growth prospects look promising due to factors such as urbanization, rising disposable incomes, and changing consumer preferences, especially toward renovation and aesthetic enhancements.
Amid this backdrop, it could be wise to buy fundamentally strong home improvement stocks: Mohawk Industries, Inc. (<a href="https://stocknews.com/stock/MHK/">MHK</a>), Lifetime Brands, Inc. (<a href="https://stocknews.com/stock/LCUT/">LCUT</a>), Alarm.com Holdings, Inc. (<a href="https://stocknews.com/stock/ALRM/">ALRM</a>), and Hamilton Beach Brands Holding Company (<a href="https://stocknews.com/stock/HBB/">HBB</a>) given their solid growth prospects.
Before diving deeper into the fundamentals of these stocks, let's discuss why the home improvement industry is well-positioned for growth.
The housing industry has faced challenges of higher mortgage rates, record home prices, and lingering uncertainty over the supply of housing inventory. Total (Existing and new) home sales for 2023 were <a href="https://www.freddiemac.com/research/forecast/20240226-us-economy-defied-expectations">4.8 million</a>, the lowest since 2011. Moreover, U.S. home prices hit an <a href="https://finance.yahoo.com/news/us-home-prices-hit-time-142607379.html">all-time high</a> in December.
However, the housing industry looks poised for a recovery, as mortgage rates have been falling since October last year. Freddie Mac's Primary Mortgage Market Survey (PMMS) results showed that as of March 14, the 30-year fixed-rate mortgage (FRM) <a href="https://www.freddiemac.com/pmms/pmms_archives">averaged 6.74%</a> and the 15-year FRM averaged 6.16%.
Moreover, U.S. single-family homebuilding rebounded in February by <a href="https://www.reuters.com/markets/us/us-single-family-housing-starts-soar-february-2024-03-19/">surging 11.6%</a> to a seasonally adjusted annual rate of 1.129 million units, hitting the highest level in nearly two years. A survey from the National Association of Home Builders showed that confidence among single-family homebuilders rose to an eight-month high in March.
Lower mortgage rates and an improved pricing environment amid a continued existing home inventory shortage led to builder confidence rising to <a href="https://www.reuters.com/markets/us/us-homebuilder-confidence-highest-level-since-july-nahb-says-2024-03-18/">51 this month</a> from 48 in February. NAHB Chairman Carl Harris said, "Buyer demand remains brisk, and we expect more consumers to jump off the sidelines and into the marketplace if mortgage rates continue to fall later this year."
Oxford Economics' lead economist Nancy Vanden Houten believes that the boost in builders' sentiment may lead to an increase in single-family home starts throughout 2024.
She said, "More than half of home builders continue to offer some kind of incentive to encourage sales. Those incentives, along with a shortage of existing homes for sale and an increase in single-family housing starts, should support new home sales in the months ahead."
A decline in mortgage rates, a rise in housing starts and building permits, and an increase in existing home sales are likely to contribute to increased spending in the home improvement sector, as home remodeling and repair and new home construction drive demand for various home improvement products.
The global home improvement market is predicted to grow at a <a href="https://www.factmr.com/report/242/home-improvement-spending-market">CAGR of 6.7%</a> to reach $575.50 billion by 2030.
With individuals prioritizing improving their current living spaces over entering the housing market, the U.S. residential remodeling market size is projected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/us-residential-remodeling-market-report">CAGR of 4.6%</a> to reach $716.18 billion by 2030. Moreover, the home improvement industry is positively impacted by the rise of smart appliances, particularly in developed economies fueled by IoT technology.
The household appliances market generated <a href="https://www.statista.com/outlook/cmo/household-appliances/worldwide#analyst-opinion">$0.67 trillion in revenue in 2024</a>, and its expected annual growth rate between 2024 and 2028 is 4.86%.
Furthermore, the global home improvement market is thriving due to increased demand for smart homes and heightened security needs driven by advancements in IoT and AI technologies. The global smart home market is expected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/smart-homes-industry">CAGR of 27.1%</a> to reach $537.01 billion by 2030.
Considering these conducive trends, let's analyze the fundamental aspects of the four <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods</a> picks, beginning with the fourth choice.
Stock #4: Mohawk Industries, Inc. (<a href="https://stocknews.com/stock/MHK/">MHK</a>)
MHK designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling and new construction internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.
MHK's revenue grew at a CAGR of 5.2% over the past three years. Its EBIT grew at a CAGR of 2.1% over the past three years. Moreover, its Tang Book Value grew at a CAGR of 4.3% during the same period.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a>, MHK's 12.97% is 19.6% higher than the 10.84% industry average. Likewise, the stock's 6.06% trailing-12-month levered FCF margin is 10.7% higher than the 5.48% industry average. Also, the stock's 5.50% trailing-12-month Capex / Sales is 80.5% higher than the 3.05% industry average.
For the fiscal fourth quarter that ended December 31, 2023, MHK's adjusted net sales came in at $2.54 billion. Its adjusted operating income rose 47.2% from the year-ago value to $175.42 million. The company's adjusted net earnings and adjusted EPS attributable to MHK rose 48.5% each over the prior-year quarter to $125.26 million and $1.96, respectively.
Analysts expect MHK's EPS for the quarter ending September 30, 2024, to increase 4.7% year-over-year to $2.85, and its revenue for the same quarter is expected to increase marginally year-over-year to $2.78 billion. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past six months, the stock has gained 31.8% to close the last trading session at $120.89.
MHK's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Momentum and a B for Growth and Value. It is ranked #16 out of 57 stocks in the B-rated <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods</a> industry. In total, we rate MHK on eight different levels. Beyond what we stated above, we also have given MHK grades for Stability, Sentiment, and Quality. Get all the MHK's ratings <a href="https://stocknews.com/stock/MHK/">here</a>.
Stock #3: Lifetime Brands, Inc. (<a href="https://stocknews.com/stock/LCUT/">LCUT</a>)
LCUT designs, sources, and sells branded kitchenware, tableware, and other home products worldwide. The company offers a range of kitchenware, including tools, cutlery, scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware.
LCUT's levered FCF grew at a CAGR of 16% over the past three years.
In terms of the trailing-12-month levered FCF margin, LCUT's 9.24% is 68.7% higher than the 5.48% industry average. Furthermore, the stock's 37.08% trailing-12-month gross profit margin is 3.8% higher than the 35.71% industry average.
LCUT's net sales for the fourth quarter ended December 31, 2023, came in at $203.14 million. Its adjusted income from operations rose 6.9% from the year-ago value to $19.40 million. Additionally, the company's adjusted net income and adjusted income per share came in at $6.33 million and $0.29, respectively.
For the quarter ending March 31, 2024, LCUT's revenue is expected to increase 1.7% year-over-year to $147.96 million. Its EPS for the fiscal 2025 is expected to increase 35.4% year-over-year to $0.87. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past nine months, the stock has gained 86.4% to close the last trading session at $9.04.
LCUT's POWR Ratings reflect a favorable outlook. It has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has a B grade for Growth, Value, Momentum, and Quality. It is ranked #6 in the same industry. To see LCUT's Stability and Sentiment ratings, <a href="https://stocknews.com/stock/LCUT/">click here</a>.
Stock #2: Alarm.com Holdings, Inc. (<a href="https://stocknews.com/stock/ALRM/">ALRM</a>)
ALRM provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets internationally. The company operates through two segments: Alarm.com and Other.
ALRM's revenue grew at a CAGR of 12.6% over the past three years. Its EBITDA grew at a CAGR of 2.5% over the past three years. Moreover, its net income grew at a CAGR of 1.4% during the same period.
In terms of the trailing-12-month gross profit margin, ALRM's 63.12% is 28.8% higher than the 49.02% industry average. Its 9.19% trailing-12-month net income margin is 258.9% higher than the 2.56% industry average. In addition, its 12.59% trailing-12-month Return on Common Equity is 314.2% higher than the 3.04% industry average.
For the fiscal fourth quarter that ended December 31, 2023, ALRM's total revenue rose 8.7% year-over-year to $226.24 million. Its operating income increased 77.4% over the prior-year quarter to $25.68 million. Likewise, its adjusted net income and adjusted net income per share attributable to common stockholders amounted to $33.91 million and $0.62, up 18.3% and 17% year-over-year, respectively.
Street expects ALRM's EPS and revenue for the quarter ending March 31, 2024, to increase 18.8% and 4.6% year-over-year to $0.49 and $219.45 million, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 46.5% to close the last trading session at $73.05.
It's no surprise that ALRM has an overall rating of A, which translates to a Strong Buy in our proprietary POWR Ratings system.
It is ranked #5 in the Home Improvement &amp; Goods industry. It has a B grade for Growth, Stability, and Sentiment. <a href="https://stocknews.com/stock/ALRM/">Click here</a> to see ALRM's ratings for Value, Momentum, and Quality.
Stock #1: Hamilton Beach Brands Holding Company (<a href="https://stocknews.com/stock/HBB/">HBB</a>) 
HBB designs, markets, and distributes small electric household and specialty housewares appliances internationally. The company offers a range of products, including air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.
On February 5, 2024, HBB announced its acquisition of HealthBeacon PLC, a medical technology firm specializing in connected devices for managing injectable medication regimens at home. The firm has operations in the UK, Europe, North America, and Australia, employs around 50 employees, and holds over 30 patents.
Gregory H. Trepp, President and CEO of HBB, predicts that the acquisition of HealthBeacon PLC will support their strategic initiative to expand in the growing home health and wellness market. By driving growth through in-home healthcare management tools and digital capabilities, HBB aims to increase shareholder value over time.
HBB's Tang Book Value grew at a CAGR of 24.8% over the past three years. Also, its revenue grew at a CAGR of 1.2% over the past three years.
In terms of the trailing-12-month levered FCF margin, HBB's 12.18% is 122.3% higher than the 5.48% industry average. Likewise, its 6.56% trailing-12-month Return on Total Assets is 56% higher than the 4.21% industry average. Also, its 1.62x trailing-12-month asset turnover ratio is 62.6% higher than the 0.99x industry average.
HBB's revenue for the fourth quarter ended December 31, 2023, increased 5.3% year-over-year to $206.65 million, and its gross profit rose 62.3% year-over-year to $55.28 billion. For the same quarter, its net income rose 175.7% from the year-ago value to $19.57 million. In addition, its EPS increased 174.5% over the prior-year quarter to $1.40.
Analysts expect HBB's revenue for fiscal 2024 to increase 3.6% year-over-year to $647.90 million. Over the past nine months, the stock has gained 130.8% to close the last trading session at $21.26.
HBB's POWR Ratings reflect its bright prospects. It has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has an A grade for Growth and Value and a B for Sentiment and Quality. It is ranked #3 in the same industry. To access the additional ratings of HBB for Momentum and Stability, <a href="https://stocknews.com/stock/HBB/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
MHK shares were trading at $120.65 per share on Wednesday morning, down $0.24 (-0.20%). Year-to-date, MHK has gained 16.57%, versus a 8.83% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/mhk-alrm-hbb-lcut-4-home-improvement-stocks-for-sustainable-growth/>4 Home Improvement Stocks for Sustainable Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

4 Home Improvement Stocks for Sustainable Growth

Analyst Darren Aftahi of Roth MKM maintained a Buy rating on Alarm (ALRM – Research Report), retaining the price target of $78.00. Darren Aftahi ha...

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Alarm.com Holdings Stock (NASDAQ:ALRM), Short Interest Report

People Also Watch