Alarum Technologies (NASDAQ:ALAR – Get Free Report) was upgraded by Canaccord Genuity Group from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a $42.00 price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 48.94% from the company’s current price.
Separately, Canaccord Genuity Group raised shares of Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Thursday.
Check Out Our Latest Research Report on ALAR
Alarum Technologies Stock Performance
Alarum Technologies (NASDAQ:ALAR – Get Free Report) last announced its earnings results on Tuesday, May 21st. The company reported $0.45 earnings per share (EPS) for the quarter. The firm had revenue of $8.38 million during the quarter. Alarum Technologies had a positive return on equity of 35.79% and a negative net margin of 11.62%.
Institutional Trading of Alarum Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ARS Investment Partners LLC purchased a new position in shares of Alarum Technologies in the 2nd quarter valued at approximately $246,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Alarum Technologies during the second quarter worth $58,000. Cetera Advisors LLC purchased a new position in Alarum Technologies in the 1st quarter valued at $366,000. Acadian Asset Management LLC acquired a new position in Alarum Technologies in the 1st quarter valued at $56,000. Finally, Cantor Fitzgerald L. P. purchased a new position in Alarum Technologies during the 4th quarter worth $1,190,000. 3.23% of the stock is owned by hedge funds and other institutional investors.
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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