Canaccord Genuity Group Has Lowered Expectations for Alarum Technologies (NASDAQ:ALAR) Stock Price

Alarum Technologies (NASDAQ:ALAR) had its target price dropped by equities research analysts at Canaccord Genuity Group from $28.00 to $25.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 83.42% from the stock’s previous close.

Separately, Alliance Global Partners cut their price target on shares of Alarum Technologies from $34.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, August 26th.

Alarum Technologies Stock Down 10.3 %

NASDAQ:ALAR opened at $13.63 on Tuesday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.02. Alarum Technologies has a 12-month low of $4.20 and a 12-month high of $46.69. The stock’s fifty day simple moving average is $13.16 and its 200-day simple moving average is $22.31. The firm has a market capitalization of $93.62 million, a P/E ratio of 17.47 and a beta of 0.66.

Alarum Technologies (NASDAQ:ALAR) last issued its earnings results on Monday, August 26th. The company reported $0.40 earnings per share (EPS) for the quarter. The firm had revenue of $8.88 million for the quarter. Alarum Technologies had a return on equity of 54.68% and a net margin of 12.70%.

Institutional Trading of Alarum Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Alarum Technologies in the second quarter worth about $58,000. Acadian Asset Management LLC bought a new stake in Alarum Technologies during the 1st quarter worth approximately $56,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Alarum Technologies during the 2nd quarter worth approximately $164,000. ARS Investment Partners LLC bought a new position in Alarum Technologies in the second quarter valued at approximately $246,000. Finally, XTX Topco Ltd bought a new position in Alarum Technologies in the second quarter valued at approximately $290,000. Institutional investors and hedge funds own 3.23% of the company’s stock.

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.