Analysts Set Allot Ltd. (NASDAQ:ALLT) PT at $13.13

Shares of Allot Ltd. (NASDAQ:ALLT) have been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $13.6250.

A number of equities analysts have weighed in on the company. Wall Street Zen cut Allot from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Allot in a report on Wednesday, January 21st. Needham & Company LLC increased their target price on Allot from $8.50 to $10.50 and gave the company a “buy” rating in a research note on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $15.00 target price on shares of Allot in a research note on Wednesday. Finally, TD Cowen set a $11.00 target price on Allot in a research note on Wednesday, February 25th.

Allot Stock Down 1.1%

NASDAQ ALLT opened at $7.40 on Friday. The stock has a market cap of $360.01 million, a PE ratio of 56.93 and a beta of 1.46. Allot has a fifty-two week low of $6.12 and a fifty-two week high of $11.92. The business has a 50 day moving average price of $7.03 and a two-hundred day moving average price of $8.70.

Allot (NASDAQ:ALLT) last released its quarterly earnings results on Tuesday, May 12th. The communications equipment provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $26.43 million during the quarter, compared to analysts’ expectations of $26.12 million. Allot had a return on equity of 7.38% and a net margin of 5.68%. Sell-side analysts anticipate that Allot will post 0.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Allot

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. boosted its stake in shares of Allot by 744.0% during the 1st quarter. Sei Investments Co. now owns 523,162 shares of the communications equipment provider’s stock valued at $3,484,000 after buying an additional 461,175 shares during the last quarter. Silverberg Bernstein Capital Management LLC boosted its stake in shares of Allot by 5.7% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 174,878 shares of the communications equipment provider’s stock valued at $1,165,000 after buying an additional 9,450 shares during the last quarter. Invesco Ltd. purchased a new position in shares of Allot during the 4th quarter valued at approximately $112,000. XTX Topco Ltd boosted its stake in shares of Allot by 8.5% during the 4th quarter. XTX Topco Ltd now owns 34,536 shares of the communications equipment provider’s stock valued at $339,000 after buying an additional 2,718 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Allot during the 4th quarter valued at approximately $133,000. 51.50% of the stock is currently owned by hedge funds and other institutional investors.

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.