Alarum Technologies (NASDAQ:ALAR) Upgraded at Wall Street Zen

Key Points

• Alarum Technologies (NASDAQ:ALAR) was upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment.
• Canaccord Genuity Group increased its price target for Alarum Technologies from $15.00 to $22.00, maintaining a "buy" rating on the stock.
• Shares of Alarum Technologies opened at $14.42 on Friday, with a market capitalization of $102.24 million and a 52-week high of $21.50.

Wall Street Zen upgraded shares of Alarum Technologies (NASDAQ:ALAR - Free Report) from a sell rating to a hold rating in a research note released on Friday.

Separately, Canaccord Genuity Group upped their price target on Alarum Technologies from $15.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Alarum Technologies has an average rating of "Buy" and an average target price of $22.00.

Alarum Technologies Trading Up 3.2%

Shares of Alarum Technologies stock traded up $0.50 during trading hours on Friday, reaching $16.17. The stock had a trading volume of 54,726 shares, compared to its average volume of 132,947. The stock's 50 day moving average is $14.03 and its 200 day moving average is $10.10. Alarum Technologies has a twelve month low of $5.45 and a twelve month high of $21.50. The firm has a market capitalization of $114.61 million, a PE ratio of 21.27 and a beta of 1.51.

Hedge Funds Weigh In On Alarum Technologies

Hedge funds have recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in shares of Alarum Technologies in the second quarter worth approximately $142,000. GAMMA Investing LLC boosted its stake in Alarum Technologies by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 9,231 shares of the company's stock worth $125,000 after purchasing an additional 2,479 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Alarum Technologies by 2,102.9% during the 1st quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company's stock worth $39,000 after purchasing an additional 5,888 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of Alarum Technologies during the first quarter worth $158,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Alarum Technologies in the fourth quarter valued at about $32,000. 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.