Alarum Technologies (NASDAQ:ALAR) Price Target Cut to $25.00 by Analysts at Canaccord Genuity Group

Alarum Technologies (NASDAQ:ALAR) had its target price decreased by Canaccord Genuity Group from $28.00 to $25.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Alliance Global Partners reduced their target price on shares of Alarum Technologies from $34.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, August 26th.

Alarum Technologies Stock Down 1.5 %

Shares of ALAR stock opened at $13.43 on Tuesday. The stock has a 50 day moving average of $13.20 and a 200-day moving average of $22.22. The firm has a market cap of $92.25 million, a PE ratio of 17.22 and a beta of 0.66. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.02. Alarum Technologies has a 12 month low of $4.20 and a 12 month high of $46.69.

Alarum Technologies (NASDAQ:ALAR) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.40 earnings per share for the quarter. Alarum Technologies had a net margin of 12.70% and a return on equity of 54.68%. The firm had revenue of $8.88 million during the quarter.

Institutional Investors Weigh In On Alarum Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its holdings in shares of Alarum Technologies by 3,652.5% during the 2nd quarter. Acadian Asset Management LLC now owns 107,960 shares of the company’s stock worth $4,493,000 after acquiring an additional 105,083 shares during the period. Renaissance Technologies LLC raised its position in Alarum Technologies by 172.2% in the second quarter. Renaissance Technologies LLC now owns 158,861 shares of the company’s stock worth $6,626,000 after purchasing an additional 100,489 shares in the last quarter. Altshuler Shaham Ltd bought a new position in Alarum Technologies during the second quarter worth about $3,229,000. ARK Investment Management LLC acquired a new stake in Alarum Technologies during the third quarter valued at approximately $785,000. Finally, Independent Advisor Alliance bought a new stake in shares of Alarum Technologies in the 3rd quarter valued at approximately $386,000. Institutional investors own 3.23% of the company’s stock.

Alarum Technologies Company Profile

Alarum Technologies Ltd. provides internet access and web data collection solutions in North, South, and Central America, Europe, Southeast Asia, the Middle East, and Africa. The company operates through two segments, Enterprise Internet Access Solutions and Consumer Internet Access Solutions. The company offers security blanket against ransomware, viruses, phishing, and other online threats, as well as secured and encrypted connection, masking the customers online activity and keeping them safe from hackers.