Safe-T Group (NASDAQ:SFET) Stock Rating Upgraded by Zacks Investment Research

Safe-T Group (NASDAQ:SFET – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Zacks.com reports.

According to Zacks, “Safe-T Group Ltd. develops and markets software solutions. The Company offers security applications for data-related threats which includes data exfiltration, leakage, malware, ransomware and fraud. Safe-T Group Ltd. is based in Herzliya, Israel. “

Separately, Dawson James assumed coverage on Safe-T Group in a research note on Monday, January 31st. They issued a “buy” rating and a $6.00 target price for the company.

NASDAQ:SFET opened at $0.55 on Friday. Safe-T Group has a 1 year low of $0.48 and a 1 year high of $1.69. The stock has a 50-day moving average price of $0.76 and a two-hundred day moving average price of $0.82.

Safe-T Group (NASDAQ:SFET – Get Rating) last posted its earnings results on Tuesday, March 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Safe-T Group had a negative net margin of 127.67% and a negative return on equity of 46.16%. The business had revenue of $3.77 million during the quarter, compared to analyst estimates of $3.60 million. During the same period in the previous year, the firm posted ($0.21) earnings per share. As a group, equities research analysts anticipate that Safe-T Group will post -0.33 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Jane Street Group LLC lifted its holdings in shares of Safe-T Group by 307.5% in the first quarter. Jane Street Group LLC now owns 43,852 shares of the company’s stock valued at $41,000 after purchasing an additional 33,091 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Safe-T Group by 36.4% in the fourth quarter. Renaissance Technologies LLC now owns 173,181 shares of the company’s stock valued at $123,000 after purchasing an additional 46,181 shares in the last quarter. Finally, Virtu Financial LLC raised its holdings in Safe-T Group by 466.2% during the first quarter. Virtu Financial LLC now owns 75,668 shares of the company’s stock worth $62,000 after acquiring an additional 62,304 shares in the last quarter. Institutional investors own 5.94% of the company’s stock.

Safe-T Group Company Profile (Get Rating)

Safe-T Group Ltd. provides cybersecurity and privacy solutions to consumers and enterprises in Israel, the United States, Hong Kong, the Asia Pacific, and internationally. Its cybersecurity solutions comprise iShield, a cybersecurity cloud software that protects users from online threats, including phishing, malware, ransomware and others; AdBlocker, an iOS application for an ad-free internet experience; ZoneZero SDP, a solution based on software defined perimeter and zero trust network access concepts that grant access to applications on a need-to-know basis only; ZoneZero MFA, a solution designed to add centralized multi-factor authentication capabilities for various types of internal applications; and SDE, which is designed to unify various data exchange scenarios of an organization.

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