Alarum Technologies (NASDAQ:ALAR - Get Free Report) had its target price hoisted by Canaccord Genuity Group from $11.00 to $15.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would suggest a potential upside of 43.40% from the company's previous close.
Alarum Technologies Stock Performance
NASDAQ ALAR traded down $0.69 on Tuesday, reaching $10.46. The company's stock had a trading volume of 119,039 shares, compared to its average volume of 274,217. Alarum Technologies has a twelve month low of $5.45 and a twelve month high of $46.69. The firm's 50 day moving average is $7.68 and its two-hundred day moving average is $8.81. The stock has a market cap of $73.25 million, a PE ratio of 9.69 and a beta of 1.07.
Alarum Technologies (NASDAQ:ALAR - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $7.13 million for the quarter, compared to the consensus estimate of $7.31 million. Alarum Technologies had a net margin of 22.21% and a return on equity of 46.33%.
Institutional Investors Weigh In On Alarum Technologies
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new position in Alarum Technologies in the 4th quarter worth about $32,000. Jones Financial Companies Lllp increased its position in shares of Alarum Technologies by 2,102.9% in the first quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company's stock worth $39,000 after acquiring an additional 5,888 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Alarum Technologies by 249.1% during the first quarter. GAMMA Investing LLC now owns 6,752 shares of the company's stock valued at $42,000 after acquiring an additional 4,818 shares during the period. Wells Fargo & Company MN lifted its position in shares of Alarum Technologies by 150.1% in the 4th quarter. Wells Fargo & Company MN now owns 5,000 shares of the company's stock valued at $53,000 after acquiring an additional 3,001 shares in the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of Alarum Technologies in the 4th quarter valued at approximately $58,000. 3.23% of the stock is owned by institutional investors and hedge funds.
Alarum Technologies Company Profile
(
Get Free Report)
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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