Alarum Technologies (NASDAQ:ALAR) Announces Earnings Results

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

Alarum Technologies Stock Down 0.4%

ALAR opened at $7.67 on Thursday. The firm has a market cap of $56.30 million, a P/E 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. The business’s fifty day simple moving average is $6.85 and its 200 day simple moving average is $7.99.

Analysts Set New Price Targets

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

Institutional Trading of Alarum Technologies

Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its position in Alarum Technologies by 34.6% during the fourth quarter. Renaissance Technologies LLC now owns 17,500 shares of the company’s stock worth $150,000 after acquiring an additional 4,500 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Alarum Technologies by 2,102.9% during the first quarter. Jones Financial Companies Lllp now owns 6,168 shares of the company’s stock worth $39,000 after acquiring an additional 5,888 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Alarum Technologies during the second quarter worth approximately $142,000. 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.