Allot Ltd. (NASDAQ:ALLT) Receives $14.63 Consensus Price Target from Analysts

Shares of Allot Ltd. (NASDAQ:ALLT) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $14.6250.

A number of research firms have recently commented on ALLT. Citigroup reiterated an “outperform” rating on shares of Allot in a research report on Tuesday, January 6th. Northland Securities set a $18.00 price target on Allot in a research note on Tuesday, January 6th. Cantor Fitzgerald initiated coverage on Allot in a research note on Monday, January 12th. They issued an “overweight” rating and a $15.00 price objective for the company. TD Cowen assumed coverage on Allot in a report on Monday, October 20th. They issued a “buy” rating for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $12.50 target price on shares of Allot in a report on Tuesday, January 20th.

Institutional Investors Weigh In On Allot

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of Allot during the 3rd quarter worth approximately $37,000. Y Intercept Hong Kong Ltd acquired a new position in Allot during the third quarter worth $108,000. LeConte Wealth Management LLC acquired a new position in Allot during the third quarter worth $128,000. FNY Investment Advisers LLC raised its position in Allot by 33.3% in the second quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider’s stock worth $119,000 after acquiring an additional 3,500 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Allot in the second quarter valued at $139,000. 51.50% of the stock is owned by hedge funds and other institutional investors.

Allot Trading Down 3.4%

ALLT stock opened at $9.83 on Wednesday. The stock has a market cap of $476.29 million, a P/E ratio of 327.67 and a beta of 1.52. Allot has a twelve month low of $4.37 and a twelve month high of $11.92. The company’s 50 day moving average is $9.95 and its two-hundred day moving average is $9.25.

About Allot

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.