Arlo Technologies, Inc. (NYSE:ARLO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Arlo Technologies, Inc. (NYSE:ARLO) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $20.60.

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Wall Street Zen lowered Arlo Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Piper Sandler increased their price target on Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, William Blair began coverage on Arlo Technologies in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock.

Arlo Technologies Stock Down 0.5%

Shares of NYSE ARLO opened at $13.34 on Friday. The firm has a 50-day simple moving average of $13.69 and a 200-day simple moving average of $13.67. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 49.39 and a beta of 1.54. Arlo Technologies has a 52 week low of $11.05 and a 52 week high of $19.94.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The firm had revenue of $155.94 million for the quarter, compared to analyst estimates of $148.94 million. During the same period in the previous year, the business posted $0.17 earnings per share. Arlo Technologies’s quarterly revenue was up 20.5% on a year-over-year basis. 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, equities research analysts expect that Arlo Technologies will post 0.12 EPS for the current year.

Insider Activity

In other Arlo Technologies news, CFO Kurtis Binder sold 27,297 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total value of $423,649.44. Following the completion of the sale, the chief financial officer directly owned 442,110 shares of the company’s stock, valued at $6,861,547.20. This trade represents a 5.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 57,775 shares of company stock valued at $845,139. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Arlo Technologies during the second quarter worth about $235,992,000. Brandes Investment Partners LP grew its stake in shares of Arlo Technologies by 27.6% in the 4th quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock valued at $114,700,000 after buying an additional 1,772,063 shares during the period. Wasatch Advisors LP grew its stake in shares of Arlo Technologies by 9.0% in the 2nd quarter. Wasatch Advisors LP now owns 5,915,935 shares of the company’s stock valued at $79,747,000 after buying an additional 489,668 shares during the period. Rice Hall James & Associates LLC grew its stake in shares of Arlo Technologies by 2.3% in the 1st quarter. Rice Hall James & Associates LLC now owns 3,659,888 shares of the company’s stock valued at $52,080,000 after buying an additional 83,276 shares during the period. Finally, Jupiter Topco LLC acquired a new stake in shares of Arlo Technologies during the 2nd quarter worth approximately $34,557,000. Institutional investors and hedge funds own 83.18% of the company’s stock.

About Arlo Technologies

Arlo Technologies, Inc develops and sells connected home security products and services. Its portfolio includes wire-free security cameras, video doorbells, floodlight cameras, indoor cameras, and related accessories designed to help consumers monitor and protect their homes and properties.

The company also provides cloud-based services that support video recording, storage, notifications, artificial intelligence-enabled detection, and other security features. Arlo offers subscription plans that provide additional capabilities, including more extensive video history and advanced monitoring features, alongside its hardware products.

Arlo was established as a standalone company following its separation from Netgear in 2018 and is headquartered in Carlsbad, California.