Alarum Technologies (NASDAQ:ALAR) Rating Increased to Hold at Wall Street Zen

Alarum Technologies (NASDAQ:ALAR) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Friday.

Separately, Canaccord Genuity Group increased their price target on shares of Alarum Technologies from $15.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $22.00.

Alarum Technologies Stock Performance

Shares of ALAR stock opened at $14.42 on Friday. Alarum Technologies has a one year low of $5.45 and a one year high of $21.50. The company’s 50-day simple moving average is $13.96 and its 200-day simple moving average is $9.99. The stock has a market capitalization of $102.24 million, a price-to-earnings ratio of 18.97 and a beta of 1.51.

Institutional Investors Weigh In On Alarum Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in Alarum Technologies by 2,082.0% during the first quarter. GAMMA Investing LLC now owns 42,200 shares of the company’s stock worth $264,000 after acquiring an additional 40,266 shares during the period. Wells Fargo & Company MN increased its stake in shares of Alarum Technologies by 150.1% in the fourth quarter. Wells Fargo & Company MN now owns 5,000 shares of the company’s stock valued at $53,000 after purchasing an additional 3,001 shares during the period. Jane Street Group LLC acquired a new stake in shares of Alarum Technologies in the fourth quarter valued at approximately $158,000. Millennium Management LLC acquired a new stake in shares of Alarum Technologies in the fourth quarter valued at approximately $158,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Alarum Technologies in the fourth quarter valued at approximately $147,000. Institutional investors and hedge funds 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.