Arlo Technologies (ARLO) Hits New 12-Month Low at $18.01

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Arlo Technologies Inc (NYSE:ARLO)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $18.01 and last traded at $18.17, with a volume of 18903 shares changing hands. The stock had previously closed at $18.98.

A number of brokerages recently issued reports on ARLO. Guggenheim began coverage on shares of Arlo Technologies in a research report on Tuesday, August 28th. They issued a “neutral” rating and a $26.00 target price for the company. Bank of America began coverage on shares of Arlo Technologies in a research report on Tuesday, August 28th. They issued a “neutral” rating and a $24.00 target price for the company. Deutsche Bank began coverage on shares of Arlo Technologies in a research report on Tuesday, August 28th. They issued a “buy” rating and a $28.00 target price for the company. Cowen began coverage on shares of Arlo Technologies in a research report on Tuesday, August 28th. They issued an “outperform” rating and a $28.00 target price for the company. Finally, Imperial Capital began coverage on shares of Arlo Technologies in a research report on Tuesday, August 28th. They issued an “outperform” rating and a $39.00 target price for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Arlo Technologies has an average rating of “Buy” and a consensus price target of $29.00.

In other Arlo Technologies news, Director Patrick Cs Lo purchased 25,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was bought at an average cost of $16.00 per share, with a total value of $400,000.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian Busse purchased 2,500 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was acquired at an average cost of $16.00 per share, with a total value of $40,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 32,500 shares of company stock valued at $520,000 over the last three months.

Arlo Technologies Company Profile (NYSE:ARLO)

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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