Canaccord Genuity Group Forecasts Strong Price Appreciation for Alarum Technologies (NASDAQ:ALAR) Stock

Alarum Technologies (NASDAQ:ALAR) had its price target increased by stock analysts at Canaccord Genuity Group from $11.00 to $15.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 34.41% from the company’s previous close.

Alarum Technologies Trading Down 0.3%

Shares of Alarum Technologies stock opened at $11.16 on Tuesday. The company has a 50-day moving average of $7.48 and a two-hundred day moving average of $8.85. The stock has a market cap of $78.15 million, a PE ratio of 10.33 and a beta of 1.07. Alarum Technologies has a 12-month low of $5.45 and a 12-month high of $46.69.

Alarum Technologies (NASDAQ:ALAR) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $7.13 million during the quarter, compared to analysts’ expectations of $7.31 million. Alarum Technologies had a return on equity of 46.33% and a net margin of 22.21%.

Institutional Trading of Alarum Technologies

Several large investors have recently modified their holdings of ALAR. Heck Capital Advisors LLC acquired a new position in shares of Alarum Technologies during the 4th quarter worth approximately $32,000. Jones Financial Companies Lllp lifted its position in shares of Alarum Technologies by 2,102.9% in the first quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock valued at $39,000 after acquiring an additional 5,888 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Alarum Technologies by 249.1% during the first quarter. GAMMA Investing LLC now owns 6,752 shares of the company’s stock valued at $42,000 after acquiring an additional 4,818 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Alarum Technologies by 150.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,000 shares of the company’s stock valued at $53,000 after acquiring an additional 3,001 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in Alarum Technologies during the 4th quarter worth about $58,000. 3.23% of the stock is currently owned by institutional investors and hedge funds.

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.