Alarum Technologies (NASDAQ:ALAR) Stock Price Down 0.5% – Should You Sell?

Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) shares traded down 0.5% during trading on Monday . The company traded as low as $6.98 and last traded at $7.24. 31,248 shares traded hands during trading, a decline of 42% from the average session volume of 53,915 shares. The stock had previously closed at $7.28.

Analysts Set New Price Targets

ALAR has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Alarum Technologies in a report on Friday, November 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Alarum Technologies in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.00.

Alarum Technologies Price Performance

The business has a fifty day moving average of $8.24 and a 200-day moving average of $12.27. The stock has a market capitalization of $52.35 million, a price-to-earnings ratio of 42.59 and a beta of 1.42.

Alarum Technologies (NASDAQ:ALAR) last issued its quarterly earnings results on Wednesday, November 26th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.15. Alarum Technologies had a net margin of 3.28% and a return on equity of 17.77%. The company had revenue of $13.01 million during the quarter, compared to the consensus estimate of $12.75 million. During the same period in the prior year, the company earned $0.20 EPS.

Institutional Investors Weigh In On Alarum Technologies

An institutional investor recently raised its position in Alarum Technologies stock. Jones Financial Companies Lllp raised its stake in Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) by 2,102.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,168 shares of the company’s stock after buying an additional 5,888 shares during the quarter. Jones Financial Companies Lllp owned 0.09% of Alarum Technologies worth $39,000 at the end of the most recent reporting period. 3.23% of the stock is currently 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.