Canaccord Genuity Group Has Lowered Expectations for Alarum Technologies (NASDAQ:ALAR) Stock Price

Alarum Technologies (NASDAQ:ALAR) had its price target lowered by equities research analysts at Canaccord Genuity Group from $28.00 to $25.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 93.05% from the company’s previous close.

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

Alarum Technologies Price Performance

NASDAQ ALAR opened at $12.95 on Tuesday. Alarum Technologies has a twelve month low of $4.20 and a twelve month high of $46.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.45 and a current ratio of 2.45. The stock has a market capitalization of $88.97 million, a PE ratio of 11.99 and a beta of 0.66. The stock has a 50-day simple moving average of $13.23 and a 200 day simple moving average of $22.15.

Alarum Technologies (NASDAQ:ALAR) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.40 EPS for the quarter. The firm had revenue of $8.88 million during the quarter. Alarum Technologies had a return on equity of 51.88% and a net margin of 22.21%.

Institutional Trading of Alarum Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new stake in shares of Alarum Technologies in the 1st quarter valued at about $56,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Alarum Technologies in the 2nd quarter valued at about $58,000. XTX Topco Ltd grew its holdings in shares of Alarum Technologies by 55.7% in the 3rd quarter. XTX Topco Ltd now owns 10,820 shares of the company’s stock valued at $115,000 after acquiring an additional 3,870 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of Alarum Technologies in the 2nd quarter valued at about $164,000. Finally, ARS Investment Partners LLC bought a new position in shares of Alarum Technologies in the 2nd quarter valued at about $246,000. 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.