Alarum Technologies (NASDAQ:ALAR) PT Lowered to $20.00

Alarum Technologies (NASDAQ:ALAR) had its price objective lowered by Alliance Global Partners from $34.00 to $20.00 in a research report report published on Monday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently commented on ALAR. Canaccord Genuity Group raised shares of Alarum Technologies from a hold rating to a buy rating and set a $42.00 price objective on the stock in a report on Thursday, July 25th. Canaccord Genuity Group raised Alarum Technologies from a hold rating to a buy rating and set a $42.00 price objective for the company in a research note on Thursday, July 25th.

Alarum Technologies Stock Performance

NASDAQ:ALAR opened at $12.83 on Monday. Alarum Technologies has a 1 year low of $2.75 and a 1 year high of $46.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.47 and a current ratio of 2.47. The stock has a fifty day moving average price of $27.74 and a two-hundred day moving average price of $25.72. The stock has a market capitalization of $87.28 million, a price-to-earnings ratio of -8.73 and a beta of 0.74.

Hedge Funds Weigh In On Alarum Technologies

Several hedge funds have recently bought and sold shares of ALAR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Alarum Technologies in the 2nd quarter valued at about $58,000. Acadian Asset Management LLC purchased a new position in shares of Alarum Technologies during the 1st quarter worth $56,000. ARS Investment Partners LLC acquired a new stake in shares of Alarum Technologies during the second quarter worth $246,000. XTX Topco Ltd acquired a new position in Alarum Technologies in the second quarter valued at $290,000. Finally, Thoroughbred Financial Services LLC acquired a new stake in Alarum Technologies in the 2nd quarter worth about $747,000. Hedge funds and other institutional investors 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.