Alarum Technologies (NASDAQ:ALAR) Earns Hold Rating from Analysts at Canaccord Genuity Group

Investment analysts at Canaccord Genuity Group initiated coverage on shares of Alarum Technologies (NASDAQ:ALAR) in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage set a “hold” rating and a $42.00 price target on the stock. Canaccord Genuity Group’s target price indicates a potential downside of 0.21% from the stock’s current price.

Separately, Alliance Global Partners boosted their target price on shares of Alarum Technologies from $10.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, March 14th.

Alarum Technologies Stock Up 5.3 %

Shares of NASDAQ ALAR opened at $42.09 on Wednesday. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.04. Alarum Technologies has a 52 week low of $2.07 and a 52 week high of $45.90. The firm has a 50-day moving average price of $32.14 and a 200 day moving average price of $21.01. The stock has a market capitalization of $286.21 million, a price-to-earnings ratio of -28.63 and a beta of 0.74.

Alarum Technologies (NASDAQ:ALAR) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $0.45 earnings per share (EPS) for the quarter. The firm had revenue of $8.38 million during the quarter. Alarum Technologies had a positive return on equity of 35.79% and a negative net margin of 11.62%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ALAR. Cantor Fitzgerald L. P. acquired a new position in Alarum Technologies in the 4th quarter valued at about $1,190,000. Acadian Asset Management LLC acquired a new position in Alarum Technologies in the 1st quarter valued at about $56,000. Finally, Cetera Advisors LLC acquired a new position in shares of Alarum Technologies during the 1st quarter valued at about $366,000. Institutional investors and hedge funds 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.