Alarum Technologies’ (ALAR) Neutral Rating Reaffirmed at Alliance Global Partners

Alarum Technologies (NASDAQ:ALAR)‘s stock had its “neutral” rating restated by equities researchers at Alliance Global Partners in a report released on Tuesday,Benzinga reports.

Several other research firms have also issued reports on ALAR. Weiss Ratings reissued a “sell (d)” rating on shares of Alarum Technologies in a research report on Thursday, June 18th. Canaccord Genuity Group decreased their price target on shares of Alarum Technologies from $27.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, March 20th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.00.

Alarum Technologies Stock Performance

NASDAQ ALAR opened at $3.08 on Tuesday. The firm has a market capitalization of $22.61 million, a price-to-earnings ratio of 19.25 and a beta of 1.62. Alarum Technologies has a one year low of $2.95 and a one year high of $18.00. The company’s 50 day moving average price is $8.11 and its 200 day moving average price is $7.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in Alarum Technologies by 34.6% during the 4th quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock worth $150,000 after buying an additional 4,500 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Alarum Technologies by 2,102.9% during 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. XTX Topco Ltd purchased a new stake in shares of Alarum Technologies during the second quarter worth about $142,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of Alarum Technologies in the fourth quarter worth about $4,756,000. 3.23% of the stock is currently owned by hedge funds and other 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.