Alarum Technologies (NASDAQ:ALAR) Price Target Lowered to $20.00 at Alliance Global Partners

Alarum Technologies (NASDAQ:ALAR) had its target price reduced by Alliance Global Partners from $34.00 to $20.00 in a research note published on Monday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

ALAR has been the subject of a number of other reports. Canaccord Genuity Group upgraded Alarum Technologies from a hold rating to a buy rating and set a $42.00 price objective for the company in a research report on Thursday, July 25th. Canaccord Genuity Group upgraded shares of Alarum Technologies from a hold rating to a buy rating and set a $42.00 price target for the company in a report on Thursday, July 25th.

Alarum Technologies Price Performance

ALAR opened at $14.83 on Monday. Alarum Technologies has a 12-month low of $2.41 and a 12-month high of $46.69. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $100.89 million, a P/E ratio of -10.09 and a beta of 0.74. The stock has a fifty day moving average of $29.06 and a 200-day moving average of $25.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of Alarum Technologies in the 1st quarter valued at approximately $56,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Alarum Technologies in the 2nd quarter valued at $58,000. ARS Investment Partners LLC bought a new stake in Alarum Technologies in the second quarter worth $246,000. XTX Topco Ltd acquired a new position in Alarum Technologies during the second quarter worth $290,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Alarum Technologies in the first quarter worth about $366,000. Hedge funds and other 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.