Canaccord Genuity Group Lowers Alarum Technologies (NASDAQ:ALAR) Price Target to $28.00

Alarum Technologies (NASDAQ:ALAR) had its price target reduced by Canaccord Genuity Group from $42.00 to $28.00 in a research report report published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

ALAR has been the subject of a number of other research reports. Canaccord Genuity Group upgraded shares of Alarum Technologies from a hold rating to a buy rating and set a $42.00 target price for the company in a research note on Thursday, July 25th. Alliance Global Partners cut their target price on shares of Alarum Technologies from $34.00 to $20.00 and set a buy rating for the company in a research note on Monday, August 26th.

Alarum Technologies Stock Performance

NASDAQ:ALAR opened at $12.89 on Tuesday. Alarum Technologies has a 1 year low of $2.75 and a 1 year high of $46.69. The firm has a 50 day moving average of $27.40 and a 200-day moving average of $25.72. 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 stock has a market capitalization of $87.69 million, a P/E ratio of -8.77 and a beta of 0.74.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in Alarum Technologies in the 1st quarter worth approximately $56,000. Cetera Advisors LLC bought a new position in Alarum Technologies in the 1st quarter worth approximately $366,000. Cantor Fitzgerald L. P. bought a new position in Alarum Technologies in the 4th quarter worth approximately $1,190,000. Gordian Capital Singapore Pte Ltd bought a new position in Alarum Technologies in the 2nd quarter worth approximately $164,000. Finally, XTX Topco Ltd bought a new position in Alarum Technologies in the 2nd quarter worth approximately $290,000. Institutional investors own 3.23% of the company’s stock.

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.