Alliance Global Partners Trims Alarum Technologies (NASDAQ:ALAR) Target Price to $20.00

Alarum Technologies (NASDAQ:ALAR) had its price target cut by equities research analysts at Alliance Global Partners from $34.00 to $20.00 in a report released on Monday, Briefing.com reports. The firm currently has a “buy” rating on the stock. Alliance Global Partners’ price target would suggest a potential upside of 31.32% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Canaccord Genuity Group upgraded shares of Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Thursday, July 25th. Canaccord Genuity Group raised shares of Alarum Technologies from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Thursday, July 25th.

Alarum Technologies Stock Down 29.5 %

ALAR stock traded down $6.37 during trading on Monday, reaching $15.23. The stock had a trading volume of 1,556,284 shares, compared to its average volume of 361,248. Alarum Technologies has a 1-year low of $2.41 and a 1-year high of $46.69. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $103.61 million, a P/E ratio of -10.19 and a beta of 0.74. The firm has a fifty day moving average price of $29.06 and a 200 day moving average price of $25.89.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALAR. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Alarum Technologies during the second quarter valued at $58,000. Acadian Asset Management LLC acquired a new position in Alarum Technologies in the first quarter worth approximately $56,000. ARS Investment Partners LLC acquired a new position in Alarum Technologies in the second quarter worth approximately $246,000. XTX Topco Ltd acquired a new position in Alarum Technologies in the second quarter worth approximately $290,000. Finally, Thoroughbred Financial Services LLC bought a new stake in Alarum Technologies during the second quarter worth approximately $747,000. 3.23% of the stock is currently owned by 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.