Alarum Technologies (NASDAQ:ALAR) Earns Hold Rating from Analysts at Canaccord Genuity Group

Investment analysts at Canaccord Genuity Group assumed coverage on shares of Alarum Technologies (NASDAQ:ALAR) in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage set a “hold” rating and a $42.00 price target on the stock. Canaccord Genuity Group’s price target would suggest a potential downside of 0.21% from the stock’s current price.

Separately, Alliance Global Partners raised their target price on Alarum Technologies from $10.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th.

Alarum Technologies Stock Up 5.3 %

NASDAQ ALAR opened at $42.09 on Wednesday. Alarum Technologies has a one year low of $2.07 and a one year high of $45.90. The company has a market cap of $286.21 million, a P/E ratio of -28.63 and a beta of 0.74. The business has a fifty day moving average price of $32.14 and a 200 day moving average price of $21.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.47 and a current ratio of 2.47.

Alarum Technologies (NASDAQ:ALAR) last issued its earnings results on Tuesday, May 21st. The company reported $0.45 earnings per share (EPS) for the quarter. Alarum Technologies had a positive return on equity of 35.79% and a negative net margin of 11.62%. The business had revenue of $8.38 million during the quarter.

Institutional Investors Weigh In On Alarum Technologies

Institutional investors have recently made changes to their positions in the stock. Cantor Fitzgerald L. P. acquired a new position in shares of Alarum Technologies in the 4th quarter worth approximately $1,190,000. Acadian Asset Management LLC purchased a new position in shares of Alarum Technologies during the first quarter worth $56,000. Finally, Cetera Advisors LLC purchased a new position in shares of Alarum Technologies during the first quarter worth $366,000. 3.23% of the stock is currently owned by institutional investors and hedge funds.

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.