Alarum Technologies (NASDAQ:ALAR) Price Target Raised to $22.00 at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group raised the price target for Alarum Technologies from $15.00 to $22.00, indicating a potential upside of 27.90% from its current price.
• Alarum Technologies' stock saw a 2.8% increase in value, reaching $17.20, with a trading volume of 45,532 shares.
• Institutional investors have shown strong interest, with notable increases in holdings, including a 2,082% increase by GAMMA Investing LLC during the 1st quarter.

Alarum Technologies (NASDAQ:ALAR - Get Free Report) had its price target increased by equities research analysts at Canaccord Genuity Group from $15.00 to $22.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 27.90% from the company's current price.

Alarum Technologies Stock Up 2.8%

Alarum Technologies stock traded up $0.4710 during midday trading on Tuesday, hitting $17.2010. The company's stock had a trading volume of 45,532 shares, compared to its average volume of 130,070. The stock's 50-day moving average price is $13.49 and its 200-day moving average price is $9.65. Alarum Technologies has a 12 month low of $5.45 and a 12 month high of $21.50. The company has a market capitalization of $121.96 million, a PE ratio of 25.78 and a beta of 1.38.

Alarum Technologies (NASDAQ:ALAR - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Alarum Technologies had a net margin of 15.53% and a return on equity of 27.47%. The firm had revenue of $7.13 million for the quarter, compared to analysts' expectations of $7.31 million. Alarum Technologies has set its Q2 2025 guidance at EPS.

Institutional Trading of Alarum Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in Alarum Technologies by 2,082.0% during the 1st quarter. GAMMA Investing LLC now owns 42,200 shares of the company's stock worth $264,000 after buying an additional 40,266 shares during the period. CreativeOne Wealth LLC acquired a new stake in Alarum Technologies during the 1st quarter worth about $158,000. Jane Street Group LLC acquired a new stake in Alarum Technologies during the 4th quarter worth about $158,000. Millennium Management LLC acquired a new stake in Alarum Technologies during the 4th quarter worth about $158,000. Finally, Ameriprise Financial Inc. acquired a new stake in Alarum Technologies during the 4th quarter worth about $147,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.