Allot Ltd. (NASDAQ:ALLT) Receives $13.13 Consensus Price Target from Brokerages

Allot Ltd. (NASDAQ:ALLT) has received an average rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $13.1250.

A number of analysts recently issued reports on the stock. Citigroup reissued an “outperform” rating on shares of Allot in a report on Tuesday, January 6th. TD Cowen set a $11.00 price target on Allot in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allot in a research note on Wednesday, January 21st. Zacks Research lowered Allot from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Allot in a research note on Thursday, February 19th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. QVT Financial LP boosted its holdings in Allot by 12.4% in the 4th quarter. QVT Financial LP now owns 5,062,523 shares of the communications equipment provider’s stock valued at $49,765,000 after purchasing an additional 556,730 shares during the period. Kanen Wealth Management LLC raised its position in shares of Allot by 1.7% in the third quarter. Kanen Wealth Management LLC now owns 4,606,003 shares of the communications equipment provider’s stock worth $48,624,000 after buying an additional 78,180 shares in the last quarter. G2 Investment Partners Management LLC purchased a new stake in shares of Allot in the second quarter worth $14,175,000. Renaissance Technologies LLC boosted its stake in Allot by 10.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,119,939 shares of the communications equipment provider’s stock valued at $11,009,000 after buying an additional 106,740 shares during the period. Finally, Greenhaven Road Investment Management L.P. boosted its stake in Allot by 12.8% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 856,991 shares of the communications equipment provider’s stock valued at $8,424,000 after buying an additional 97,348 shares during the period. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Allot Stock Performance

Shares of ALLT opened at $6.39 on Thursday. The firm has a market capitalization of $309.60 million, a P/E ratio of 79.88 and a beta of 1.62. Allot has a 52 week low of $4.37 and a 52 week high of $11.92. The stock has a 50 day moving average price of $8.96 and a two-hundred day moving average price of $9.39.

Allot (NASDAQ:ALLT) last posted its quarterly earnings data on Wednesday, February 25th. The communications equipment provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Allot had a net margin of 3.63% and a return on equity of 6.35%. The firm had revenue of $28.40 million during the quarter, compared to analyst estimates of $27.90 million. On average, equities analysts forecast that Allot will post -0.18 earnings per share for the current year.

Allot Company Profile

Allot Ltd. is a provider of network intelligence and security solutions designed for service providers and enterprises worldwide. The company delivers software and cloud-based services that enable customers to gain real-time visibility into network traffic, enforce security policies and optimize bandwidth usage. Its platforms support a wide range of applications, from DDoS protection and threat prevention to subscriber experience management and network analytics.

Allot’s product portfolio includes managed solutions for mobile and fixed-line operators, as well as cloud-native services that can be deployed across private, public and hybrid environments.