Alarum Technologies (NASDAQ:ALAR - Free Report) had its price objective trimmed by Canaccord Genuity Group from $25.00 to $11.00 in a report issued on Friday,Benzinga reports. The firm currently has a buy rating on the stock.
Alarum Technologies Price Performance
Shares of NASDAQ ALAR traded down $0.23 during trading on Friday, hitting $6.94. The stock had a trading volume of 74,795 shares, compared to its average volume of 313,672. The firm has a fifty day moving average of $8.62 and a two-hundred day moving average of $11.09. Alarum Technologies has a 12 month low of $5.86 and a 12 month high of $46.69. The company has a market capitalization of $48.12 million, a PE ratio of 6.44 and a beta of 0.69.
Alarum Technologies (NASDAQ:ALAR - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.02 by $0.18. Alarum Technologies had a net margin of 22.21% and a return on equity of 46.33%. The firm had revenue of $7.37 million during the quarter, compared to analyst estimates of $7.48 million.
Hedge Funds Weigh In On Alarum Technologies
Institutional investors have recently added to or reduced their stakes in the stock. Acuitas Investments LLC bought a new stake in Alarum Technologies in the fourth quarter worth about $595,000. Independent Advisor Alliance bought a new stake in shares of Alarum Technologies in the 3rd quarter worth approximately $386,000. Jane Street Group LLC bought a new stake in shares of Alarum Technologies in the 4th quarter worth approximately $158,000. Millennium Management LLC purchased a new position in Alarum Technologies in the fourth quarter valued at approximately $158,000. Finally, Ameriprise Financial Inc. bought a new position in Alarum Technologies during the fourth quarter valued at $147,000. Institutional investors own 3.23% of the company's stock.
Alarum Technologies Company Profile
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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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