Safe-T Group (NASDAQ:SFET) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Safe-T Group (NASDAQ:SFETGet Rating) announced its quarterly earnings results on Tuesday. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04), MarketWatch Earnings reports. Safe-T Group had a negative net margin of 127.67% and a negative return on equity of 46.16%.

Shares of NASDAQ:SFET opened at $0.58 on Wednesday. The business’s 50 day moving average is $0.68 and its 200 day moving average is $0.78. Safe-T Group has a 12-month low of $0.48 and a 12-month high of $1.69.

Separately, Zacks Investment Research raised shares of Safe-T Group from a “sell” rating to a “buy” rating and set a $0.50 target price for the company in a research report on Wednesday.

Several hedge funds and other institutional investors have recently bought and sold shares of SFET. Virtu Financial LLC increased its stake in Safe-T Group by 466.2% in the 1st quarter. Virtu Financial LLC now owns 75,668 shares of the company’s stock valued at $62,000 after buying an additional 62,304 shares during the last quarter. Jane Street Group LLC grew 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 acquiring an additional 33,091 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Safe-T Group by 36.4% during the fourth quarter. Renaissance Technologies LLC now owns 173,181 shares of the company’s stock valued at $123,000 after acquiring an additional 46,181 shares during the last quarter. Hedge funds and other 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.

Further Reading

Earnings History for Safe-T Group (NASDAQ:SFET)

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