Alarum Technologies (NASDAQ:ALAR) Earns Sell (D) Rating from Weiss Ratings

Key Points

• Alarum Technologies has been restated with a "sell (D)" rating by **Weiss Ratings**, which indicates ongoing concerns about the stock's performance.
• The company's stock price recently decreased by **2.9%**, trading at **$14.49**, and has an average price target of **$22.00**, suggesting potential upside based on analysts' projections.
• Institutional investors have significantly increased their stakes in Alarum Technologies, with several hedge funds boosting their holdings in the past quarter, reflecting growing interest in the company.

Alarum Technologies (NASDAQ:ALAR - Get Free Report)'s stock had its "sell (d)" rating restated by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

ALAR has been the subject of a number of other research reports. Wall Street Zen upgraded shares of Alarum Technologies from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Canaccord Genuity Group increased their target price on shares of Alarum Technologies from $15.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $22.00.

Alarum Technologies Stock Down 2.9%

Shares of NASDAQ:ALAR traded down $0.44 during trading on Wednesday, hitting $14.49. 41,106 shares of the company traded hands, compared to its average volume of 125,870. Alarum Technologies has a one year low of $5.45 and a one year high of $21.50. The stock has a market capitalization of $103.17 million, a price-to-earnings ratio of 19.04 and a beta of 1.43. The business's fifty day moving average is $15.21 and its 200-day moving average is $11.27.

Hedge Funds Weigh In On Alarum Technologies

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp increased its position in Alarum Technologies by 2,102.9% during the first quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company's stock valued at $39,000 after acquiring an additional 5,888 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Alarum Technologies by 249.1% in the 1st quarter. GAMMA Investing LLC now owns 6,752 shares of the company's stock valued at $42,000 after purchasing an additional 4,818 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Alarum Technologies during the 2nd quarter worth $142,000. Millennium Management LLC acquired a new stake in shares of Alarum Technologies during the 4th quarter worth about $158,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of Alarum Technologies during the first quarter worth about $158,000. Hedge funds and other institutional investors own 3.23% of the company's stock.

About Alarum Technologies

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.

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