Alarum Technologies (NASDAQ:ALAR - Free Report) had its target price lowered by Canaccord Genuity Group from $28.00 to $25.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.
Separately, Alliance Global Partners dropped their price target on shares of Alarum Technologies from $34.00 to $20.00 and set a "buy" rating on the stock in a report on Monday, August 26th.
Check Out Our Latest Research Report on ALAR
Alarum Technologies Stock Down 1.5 %
ALAR stock traded down $0.20 during midday trading on Tuesday, hitting $13.43. The company's stock had a trading volume of 228,293 shares, compared to its average volume of 353,493. The firm's 50-day moving average is $13.16 and its 200-day moving average is $22.31. The company has a current ratio of 2.45, a quick 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 company has a market cap of $92.25 million, a PE ratio of 17.47 and a beta of 0.66.
Alarum Technologies (NASDAQ:ALAR - Get Free Report) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.40 earnings per share (EPS) for the quarter. Alarum Technologies had a return on equity of 54.68% and a net margin of 12.70%. The firm had revenue of $8.88 million for the quarter.
Institutional Investors Weigh In On Alarum Technologies
A number of large investors have recently made changes to their positions in ALAR. Acadian Asset Management LLC purchased a new stake in shares of Alarum Technologies in the 1st quarter worth $56,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Alarum Technologies in the second quarter worth about $58,000. XTX Topco Ltd raised its stake in shares of Alarum Technologies by 55.7% in the third quarter. XTX Topco Ltd now owns 10,820 shares of the company's stock worth $115,000 after buying an additional 3,870 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Alarum Technologies during the 2nd quarter valued at about $164,000. Finally, ARS Investment Partners LLC bought a new position in shares of Alarum Technologies during the 2nd quarter valued at approximately $246,000. 3.23% of the stock is currently owned by institutional investors.
About Alarum Technologies
(
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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.
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