Arlo Technologies, Inc. (NYSE:ARLO) Receives $22.33 Average PT from Brokerages

Arlo Technologies, Inc. (NYSE:ARLO) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.40.

Several brokerages have commented on ARLO. Oppenheimer began coverage on shares of Arlo Technologies in a research note on Monday. They issued an “outperform” rating and a $20.00 price target on the stock. UBS Group set a $20.00 price target on shares of Arlo Technologies in a research note on Monday. Weiss Ratings upgraded shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Raymond James Financial restated an “outperform” rating and issued a $19.00 price target on shares of Arlo Technologies in a research note on Friday, May 8th.

Arlo Technologies Stock Up 3.5%

Shares of NYSE ARLO opened at $13.18 on Friday. The firm’s 50-day moving average price is $13.97 and its two-hundred day moving average price is $13.83. Arlo Technologies has a 52-week low of $11.05 and a 52-week high of $19.94. The stock has a market capitalization of $1.43 billion, a P/E ratio of 48.80 and a beta of 1.60.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The company had revenue of $150.38 million for the quarter, compared to analyst estimates of $139.73 million. During the same quarter last year, the business earned $0.15 earnings per share. Arlo Technologies’s revenue was up 26.3% compared to the same quarter last year. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. As a group, equities research analysts expect that Arlo Technologies will post 0.16 earnings per share for the current year.

Arlo Technologies declared that its board has approved a share buyback plan on Wednesday, March 4th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Arlo Technologies

In related news, CEO Matthew Blake Mcrae sold 153,433 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $13.78, for a total transaction of $2,114,306.74. Following the transaction, the chief executive officer owned 1,168,866 shares in the company, valued at $16,106,973.48. This trade represents a 11.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kurtis Joseph Binder sold 179,419 shares of Arlo Technologies stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $13.78, for a total transaction of $2,472,393.82. Following the completion of the transaction, the chief financial officer owned 614,885 shares in the company, valued at approximately $8,473,115.30. This trade represents a 22.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 530,478 shares of company stock worth $7,542,693 over the last quarter. 2.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in Arlo Technologies by 86.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after buying an additional 747 shares during the last quarter. Hantz Financial Services Inc. grew its position in Arlo Technologies by 763.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after buying an additional 1,748 shares during the last quarter. Quarry LP grew its position in Arlo Technologies by 42.0% in the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after buying an additional 783 shares during the last quarter. Strs Ohio acquired a new position in Arlo Technologies in the first quarter worth approximately $66,000. Finally, Quadrant Capital Group LLC acquired a new position in Arlo Technologies in the third quarter worth approximately $86,000. Institutional investors and hedge funds own 83.18% of the company’s stock.

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.