Arlo Technologies, Inc. (NYSE:ARLO) Receives Average Rating of “Moderate Buy” from Brokerages

Arlo Technologies, Inc. (NYSE:ARLO) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $20.6667.

A number of analysts have recently weighed in on the stock. William Blair initiated coverage on shares of Arlo Technologies in a research report on Tuesday, July 7th. They issued an “outperform” rating on the stock. Weiss Ratings raised shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Raymond James Financial reissued an “outperform” rating and set a $19.00 price objective on shares of Arlo Technologies in a research note on Friday, May 8th. UBS Group set a $20.00 price objective on shares of Arlo Technologies in a report on Monday, May 18th. Finally, Piper Sandler began coverage on shares of Arlo Technologies in a research note on Sunday. They set an “overweight” rating and a $17.00 target price for the company.

Insider Activity at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 16,507 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $12.83, for a total value of $211,784.81. Following the sale, the chief financial officer owned 483,378 shares in the company, valued at $6,201,739.74. This represents a 3.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ARLO. Brandes Investment Partners LP boosted its holdings in Arlo Technologies by 27.6% in the fourth quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock worth $114,700,000 after acquiring an additional 1,772,063 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Arlo Technologies by 778.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,884,616 shares of the company’s stock valued at $31,944,000 after acquiring an additional 1,670,156 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Arlo Technologies by 30.1% in the 2nd quarter. Wasatch Advisors LP now owns 4,678,880 shares of the company’s stock worth $79,354,000 after purchasing an additional 1,082,443 shares during the last quarter. Marshall Wace LLP boosted its stake in Arlo Technologies by 69.1% in the 3rd quarter. Marshall Wace LLP now owns 2,554,457 shares of the company’s stock worth $43,298,000 after purchasing an additional 1,043,854 shares in the last quarter. Finally, Granahan Investment Management LLC boosted its stake in Arlo Technologies by 245.6% in the 1st quarter. Granahan Investment Management LLC now owns 1,169,490 shares of the company’s stock worth $16,642,000 after purchasing an additional 831,108 shares in the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Arlo Technologies Stock Up 1.8%

NYSE ARLO opened at $14.48 on Thursday. The firm has a market capitalization of $1.57 billion, a PE ratio of 53.65 and a beta of 1.55. The stock’s 50 day moving average is $13.10 and its 200 day moving average is $13.39. Arlo Technologies has a twelve month low of $11.05 and a twelve month high of $19.94.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $150.38 million during the quarter, compared to the consensus estimate of $139.72 million. Arlo Technologies had a return on equity of 18.66% and a net margin of 5.47%.The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 earnings per share. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. On average, research analysts anticipate that Arlo Technologies will post 0.2 earnings per share for the current year.

Arlo Technologies Company Profile

Arlo Technologies, Inc (NYSE: ARLO) is a provider of smart home security products and services designed for residential and small business customers. The company offers a portfolio of wireless and Wi-Fi-enabled security cameras, video doorbells, smart lighting solutions, and associated accessories. Arlo integrates advanced video analytics, motion detection, cloud storage, and two-way audio capabilities to deliver end-to-end security and monitoring solutions accessible through mobile applications and web interfaces.

Founded as a division of Netgear, Inc in 2014 and spun off as an independent public company in 2018, Arlo Technologies has established a presence in North America, Europe, Australia and parts of Asia.