Canaccord Genuity Group Cuts Alarum Technologies (NASDAQ:ALAR) Price Target to $25.00

Alarum Technologies (NASDAQ:ALAR) had its price target lowered by Canaccord Genuity Group from $28.00 to $25.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Alliance Global Partners dropped their target price 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 Performance

Shares of NASDAQ ALAR opened at $12.95 on Tuesday. The stock’s fifty day simple moving average is $13.23 and its 200 day simple moving average is $22.15. The stock has a market capitalization of $88.97 million, a price-to-earnings ratio of 11.99 and a beta of 0.66. 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 52-week low of $4.20 and a 52-week high of $46.69.

Alarum Technologies (NASDAQ:ALAR) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.40 earnings per share for the quarter. The firm had revenue of $8.88 million for the quarter. Alarum Technologies had a return on equity of 51.88% and a net margin of 22.21%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new position in Alarum Technologies during the 1st quarter valued at about $56,000. Cetera Advisors LLC purchased a new position in Alarum Technologies during the first quarter valued at approximately $366,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Alarum Technologies in the 2nd quarter valued at approximately $58,000. ARS Investment Partners LLC purchased a new stake in Alarum Technologies in the 2nd quarter worth approximately $246,000. Finally, Thoroughbred Financial Services LLC acquired a new stake in shares of Alarum Technologies during the 2nd quarter valued at $747,000. 3.23% of the stock is 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.