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.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.34) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.46) by $0.12. The company had revenue of $65.45 million for the quarter, compared to the consensus estimate of $66.15 million. Arlo Technologies had a negative net margin of 22.25% and a negative return on equity of 43.93%. As a group, sell-side analysts anticipate that Arlo Technologies will post -1.68 earnings per share for the current year.

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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