Stock analysts at Canaccord Genuity Group started coverage on shares of Alarum Technologies (NASDAQ:ALAR – Get Free Report) in a research note issued on Wednesday, MarketBeat.com reports. The firm set a “hold” rating and a $42.00 price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential downside of 8.62% from the company’s current price.
ALAR has been the subject of several other reports. Canaccord Genuity Group started coverage on Alarum Technologies in a research note on Wednesday. They set a “hold” rating and a $42.00 target price for the company. Alliance Global Partners raised their price objective on Alarum Technologies from $10.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, March 14th.
Read Our Latest Stock Report on Alarum Technologies
Alarum Technologies Stock Up 9.2 %
Alarum Technologies (NASDAQ:ALAR – Get Free Report) last announced its earnings results on Tuesday, May 21st. The company reported $0.45 earnings per share for the quarter. The business had revenue of $8.38 million during the quarter. Alarum Technologies had a negative net margin of 11.62% and a positive return on equity of 35.79%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new stake in shares of Alarum Technologies in the 1st quarter worth about $56,000. Cetera Advisors LLC acquired a new position in Alarum Technologies in the first quarter worth about $366,000. Finally, Cantor Fitzgerald L. P. bought a new stake in Alarum Technologies in the fourth quarter valued at about $1,190,000. 3.23% of the stock is currently owned by institutional investors.
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.
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