Alarum Technologies (NASDAQ:ALAR – Free Report) had its price target lowered by Alliance Global Partners from $34.00 to $20.00 in a research report released on Monday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.
A number of other equities analysts also recently issued reports on ALAR. Canaccord Genuity Group raised Alarum Technologies from a hold rating to a buy rating and set a $42.00 price target for the company in a report on Thursday, July 25th. Canaccord Genuity Group upgraded shares of Alarum Technologies from a hold rating to a buy rating and set a $42.00 price target on the stock in a research note on Thursday, July 25th.
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Alarum Technologies Stock Performance
Institutional Investors Weigh In On Alarum Technologies
Several hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Alarum Technologies in the second quarter valued at approximately $58,000. Acadian Asset Management LLC acquired a new stake in shares of Alarum Technologies in the 1st quarter worth $56,000. ARS Investment Partners LLC purchased a new stake in shares of Alarum Technologies in the second quarter valued at about $246,000. XTX Topco Ltd purchased a new position in Alarum Technologies during the second quarter worth about $290,000. Finally, Thoroughbred Financial Services LLC acquired a new stake in Alarum Technologies in the second quarter valued at about $747,000. Institutional investors and hedge funds own 3.23% of the company’s stock.
Alarum Technologies Company Profile
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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