Arlo Technologies (NYSE:ARLO) Rating Increased to Outperform at Raymond James
Raymond James upgraded shares of Arlo Technologies (NYSE:ARLO) from a market perform rating to an outperform rating in a research note released on Wednesday morning, BenzingaRatingsTable reports. The firm currently has $6.00 target price on the stock.
Separately, Zacks Investment Research upgraded shares of Arlo Technologies from a sell rating to a hold rating in a research report on Tuesday, July 14th.
NYSE:ARLO opened at $4.22 on Wednesday. The company’s 50 day moving average price is $2.82 and its 200-day moving average price is $2.89. Arlo Technologies has a 52 week low of $1.20 and a 52 week high of $5.40. The company has a quick ratio of 1.47, a current ratio of 1.79 and a debt-to-equity ratio of 0.16. The stock has a market cap of $329.29 million, a price-to-earnings ratio of -3.80 and a beta of 1.12.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mackay Shields LLC bought a new position in Arlo Technologies in the first quarter worth approximately $25,000. Jane Street Group LLC bought a new position in Arlo Technologies in the first quarter worth approximately $38,000. Marshall Wace LLP bought a new position in Arlo Technologies in the first quarter worth approximately $74,000. Metropolitan Life Insurance Co NY bought a new position in Arlo Technologies in the first quarter worth approximately $80,000. Finally, Synovus Financial Corp bought a new position in Arlo Technologies in the first quarter worth approximately $67,000. Institutional investors and hedge funds own 73.09% of the company’s stock.
About Arlo Technologies
Arlo Technologies, Inc provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular network Internet connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. It offers Arlo Security Camera, a battery-operated Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allow users to monitor their surroundings; Arlo Pro, a battery-operated weather-resistant Wi-Fi camera; Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile monitoring; and Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision.
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