Alarum Technologies (NASDAQ:ALAR) Shares Up 5.8% - Time to Buy?

Key Points

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Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR - Get Free Report)'s stock price shot up 5.8% on Monday . The company traded as high as $17.27 and last traded at $17.02. 118,001 shares were traded during trading, an increase of 31% from the average session volume of 90,286 shares. The stock had previously closed at $16.08.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their price objective on shares of Alarum Technologies from $11.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Alarum Technologies currently has a consensus rating of "Buy" and a consensus target price of $17.50.

Alarum Technologies Price Performance

The firm's 50-day moving average is $13.39 and its 200-day moving average is $9.60. The company has a market capitalization of $117.26 million, a P/E ratio of 24.70 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 earnings per share for the quarter, meeting the consensus estimate of $0.01. Alarum Technologies had a net margin of 15.53% and a return on equity of 27.47%. The business had revenue of $7.13 million for the quarter, compared to the consensus estimate of $7.31 million. Alarum Technologies has set its Q2 2025 guidance at EPS.

Institutional Investors Weigh In On Alarum Technologies

A number of hedge funds have recently bought and sold shares of ALAR. GAMMA Investing LLC increased its position in Alarum Technologies by 2,082.0% during the first quarter. GAMMA Investing LLC now owns 42,200 shares of the company's stock valued at $264,000 after acquiring an additional 40,266 shares during the last quarter. CreativeOne Wealth LLC bought a new position in Alarum Technologies during the first quarter valued at $158,000. Jane Street Group LLC bought a new position in Alarum Technologies during the fourth quarter valued at $158,000. Millennium Management LLC bought a new position in Alarum Technologies during the fourth quarter valued at $158,000. Finally, Ameriprise Financial Inc. bought a new position in Alarum Technologies during the fourth quarter valued at $147,000. Hedge funds and other institutional investors 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.