Arlo Technologies (NYSE: ARLO) has recently received a number of price target changes and ratings updates:

  • 8/30/2018 – Arlo Technologies was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. They now have a $26.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/28/2018 – Arlo Technologies is now covered by analysts at Cowen Inc. They set an “outperform” rating and a $28.00 price target on the stock.
  • 8/28/2018 – Arlo Technologies is now covered by analysts at Imperial Capital. They set an “outperform” rating and a $39.00 price target on the stock. They wrote, “We are initiating coverage of ARLO shares with an Outperform rating and a one-year price target of $39. Our price target is about 70% above the recent share price. California, ARLO is the leading provider of do-it-yourself (DIY) cameras in North America retail. With over 8.6 million devices shipped, and over 2.2 million registered users, Arlo controls 48% market share, as of July 2018, based on dollar sales in the U.S. consumer market. Initial Public Offering terms and use of proceeds.””
  • 8/28/2018 – Arlo Technologies is now covered by analysts at Guggenheim. They set a “neutral” rating and a $26.00 price target on the stock. They wrote, “We initiate coverage of ARLO at NEUTRAL with our $26 price target >60% above its $16 IPO price but simply seeing even more upside from now buying it through spin-out parent NETGEAR (NTGR, BUY, $73.75). ARLO has #1 market share in smart home security cameras and we believe meaningful runway to keep growing not only units but also new recurring subscription services that can leverage its >2mil user installed base, cloud connectivity+storage and AI-based services that start applying machine learning/computer vision to its millions of daily video streams. Investing in ambitious growth – Our PT is based on 2.9x the range of comparable consumer tech companies (see Fig 6).””
  • 8/28/2018 – Arlo Technologies is now covered by analysts at Bank of America Corp. They set a “neutral” rating and a $24.00 price target on the stock.
  • 8/28/2018 – Arlo Technologies is now covered by analysts at Raymond James. They set a “market perform” rating on the stock.
  • 8/28/2018 – Arlo Technologies is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $28.00 price target on the stock.

Shares of NYSE:ARLO traded down $0.03 during trading on Friday, reaching $18.24. 11,403 shares of the company traded hands, compared to its average volume of 681,969. Arlo Technologies Inc has a 52 week low of $18.01 and a 52 week high of $23.77.

In other Arlo Technologies news, Director Patrick Cs Lo acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was acquired at an average cost of $16.00 per share, for a total transaction of $400,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Christine Marie Gorjanc acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The shares were acquired at an average price of $16.00 per share, with a total value of $80,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 32,500 shares of company stock valued at $520,000.

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.

Featured Story: Earnings Per Share

Receive News & Ratings for Arlo Technologies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arlo Technologies Inc and related companies with MarketBeat.com's FREE daily email newsletter.