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

Arlo Technologies, Inc. (NYSE:ARLO) has been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.60.

Several analysts have issued reports on the company. William Blair started coverage on Arlo Technologies in a research note on Tuesday, July 7th. They issued an “outperform” rating on the stock. Weiss Ratings lowered Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Raymond James Financial reiterated an “outperform” rating and set a $19.00 price objective on shares of Arlo Technologies in a research note on Friday, May 8th. Piper Sandler increased their price objective on Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Wall Street Zen raised Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday.

Insider Activity

In other news, CFO Kurtis Joseph Binder sold 27,297 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total value of $423,649.44. Following the completion of the transaction, the chief financial officer directly owned 442,110 shares in the company, valued at approximately $6,861,547.20. This trade represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,775 shares of company stock valued at $845,139 over the last quarter. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Arlo Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Arlo Technologies during the 2nd quarter valued at $235,992,000. Rice Hall James & Associates LLC bought a new stake in Arlo Technologies during the second quarter valued at $50,320,000. Jupiter Topco LLC bought a new stake in Arlo Technologies during the second quarter valued at $34,557,000. Primecap Management Co. CA purchased a new position in Arlo Technologies during the second quarter worth about $26,183,000. Finally, Brandes Investment Partners LP grew its position in Arlo Technologies by 27.6% during the fourth quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock worth $114,700,000 after buying an additional 1,772,063 shares in the last quarter. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

Arlo Technologies Stock Down 0.2%

ARLO opened at $13.07 on Monday. Arlo Technologies has a twelve month low of $11.05 and a twelve month high of $19.94. The company’s 50-day moving average price is $13.58 and its two-hundred day moving average price is $13.51. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 48.41 and a beta of 1.56.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.08. The company had revenue of $155.94 million during the quarter, compared to analyst estimates of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. Arlo Technologies’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. As a group, sell-side analysts anticipate that Arlo Technologies will post 0.12 earnings per share for the current year.

About Arlo Technologies

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.