Alarum Technologies (NASDAQ:ALAR) Posts Quarterly Earnings Results

Alarum Technologies (NASDAQ:ALAR) issued its quarterly earnings data on Thursday. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.22, FiscalAI reports. Alarum Technologies had a return on equity of 15.59% and a net margin of 2.36%.

Alarum Technologies Stock Down 0.4%

ALAR opened at $7.67 on Thursday. The business has a 50 day moving average price of $6.85 and a two-hundred day moving average price of $7.99. The company has a market cap of $56.30 million, a PE ratio of 54.79 and a beta of 1.50. Alarum Technologies has a 52 week low of $5.50 and a 52 week high of $18.00.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in shares of Alarum Technologies by 34.6% in the fourth quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock valued at $150,000 after purchasing an additional 4,500 shares during the period. XTX Topco Ltd acquired a new position in shares of Alarum Technologies in the second quarter valued at approximately $142,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Alarum Technologies by 2,102.9% in the first quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock valued at $39,000 after purchasing an additional 5,888 shares during the period. Institutional investors and hedge funds own 3.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price objective on Alarum Technologies from $27.00 to $14.00 and set a “buy” rating for the company in a report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.00.

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.