Alarum Technologies (NASDAQ:ALAR) Given New $25.00 Price Target at Canaccord Genuity Group

Alarum Technologies (NASDAQ:ALAR) had its price objective reduced by research analysts at Canaccord Genuity Group from $28.00 to $25.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 83.42% from the company’s current price.

Separately, Alliance Global Partners decreased their target price on Alarum Technologies from $34.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, August 26th.

Alarum Technologies Price Performance

Shares of Alarum Technologies stock opened at $13.63 on Tuesday. The stock has a market capitalization of $93.62 million, a price-to-earnings ratio of 17.47 and a beta of 0.66. The firm’s 50-day moving average price is $13.16 and its two-hundred day moving average price is $22.31. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.02. Alarum Technologies has a 1-year low of $4.20 and a 1-year high of $46.69.

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

Institutional Trading of Alarum Technologies

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd raised its position in Alarum Technologies by 55.7% in the 3rd quarter. XTX Topco Ltd now owns 10,820 shares of the company’s stock worth $115,000 after purchasing an additional 3,870 shares during the last quarter. Independent Advisor Alliance bought a new stake in shares of Alarum Technologies during the third quarter worth $386,000. ARK Investment Management LLC acquired a new position in shares of Alarum Technologies during the third quarter valued at $785,000. Gordian Capital Singapore Pte Ltd bought a new position in Alarum Technologies in the second quarter valued at about $164,000. Finally, Altshuler Shaham Ltd acquired a new stake in Alarum Technologies in the second quarter worth about $3,229,000. 3.23% of the stock is owned by institutional investors.

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.