Alarum Technologies (NASDAQ:ALAR) Price Target Cut to $11.00 by Analysts at Canaccord Genuity Group

Alarum Technologies (NASDAQ:ALAR) had its target price trimmed by Canaccord Genuity Group from $25.00 to $11.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Alarum Technologies Trading Up 5.0 %

NASDAQ ALAR opened at $6.94 on Friday. Alarum Technologies has a 52 week low of $5.86 and a 52 week high of $46.69. The stock has a market cap of $48.12 million, a price-to-earnings ratio of 6.43 and a beta of 0.69. The company has a 50-day moving average price of $8.68 and a two-hundred day moving average price of $11.12.

Alarum Technologies (NASDAQ:ALAR) last issued its quarterly earnings results on Thursday, March 20th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. The company had revenue of $7.37 million during the quarter, compared to analyst estimates of $7.48 million. Alarum Technologies had a net margin of 22.21% and a return on equity of 46.33%.

Institutional Trading of Alarum Technologies

A number of institutional investors have recently made changes to their positions in ALAR. Independent Advisor Alliance acquired a new stake in shares of Alarum Technologies in the 3rd quarter worth approximately $386,000. XTX Topco Ltd lifted its stake in Alarum Technologies by 55.7% during the third quarter. XTX Topco Ltd now owns 10,820 shares of the company’s stock valued at $115,000 after purchasing an additional 3,870 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Alarum Technologies during the fourth quarter valued at approximately $32,000. Acuitas Investments LLC acquired a new stake in Alarum Technologies during the fourth quarter valued at approximately $595,000. Finally, Virtu Financial LLC acquired a new stake in Alarum Technologies during the fourth quarter valued at approximately $114,000. 3.23% of the stock is owned by institutional investors and hedge funds.

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.