Lake Street Capital Increases Arlo Technologies (NYSE:ARLO) Price Target to $12.00

Arlo Technologies (NYSE:ARLO – Get Rating) had its price objective upped by equities researchers at Lake Street Capital from $10.00 to $12.00 in a research note issued to investors on Friday, The Fly reports. Lake Street Capital’s price target suggests a potential upside of 33.78% from the company’s previous close.

Arlo Technologies Stock Performance

Shares of ARLO opened at $8.97 on Friday. The stock has a 50 day simple moving average of $6.13 and a 200 day simple moving average of $4.70. Arlo Technologies has a 52-week low of $2.93 and a 52-week high of $9.31. The firm has a market capitalization of $814.36 million, a PE ratio of -14.02 and a beta of 1.64.

Hedge Funds Weigh In On Arlo Technologies

A number of large investors have recently bought and sold shares of the company. Barclays PLC boosted its position in Arlo Technologies by 2.3% during the 1st quarter. Barclays PLC now owns 71,179 shares of the company’s stock worth $431,000 after acquiring an additional 1,573 shares during the last quarter. Sei Investments Co. boosted its position in Arlo Technologies by 1.7% during the 1st quarter. Sei Investments Co. now owns 118,839 shares of the company’s stock worth $720,000 after acquiring an additional 1,931 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Arlo Technologies by 0.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 411,221 shares of the company’s stock worth $3,643,000 after acquiring an additional 2,150 shares during the last quarter. FMR LLC boosted its position in Arlo Technologies by 83.7% during the 1st quarter. FMR LLC now owns 4,979 shares of the company’s stock worth $30,000 after acquiring an additional 2,269 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its position in Arlo Technologies by 1.3% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 196,789 shares of the company’s stock worth $691,000 after acquiring an additional 2,587 shares during the last quarter. Institutional investors and hedge funds own 72.87% of the company’s stock.

About Arlo Technologies

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Arlo Technologies, Inc engages in the provision and development of cloud infrastructure and mobile app for smart connected devices. It offers wire-free smart Wi-Fi and LTE-enabled cameras, advanced baby monitors, smart security lights, and audio doorbell. It operates through the following geographical segments: United States, Spain, Ireland, and Other Countries.