Arlo Technologies, Inc. (NYSE:ARLO) Stock Has Consensus Price Target of $20.60 According to Brokerages

Arlo Technologies, Inc. (NYSE:ARLO) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $20.60.

Several research firms have recently commented on ARLO. Piper Sandler increased their price target on shares of Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings cut shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Finally, William Blair initiated coverage on Arlo Technologies in a report on Tuesday, July 7th. They set an “outperform” rating on the stock.

Insider Activity at Arlo Technologies

In other news, CFO Kurtis Binder sold 13,358 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $12.58, for a total transaction of $168,043.64. Following the completion of the sale, the chief financial officer owned 345,541 shares in the company, valued at $4,346,905.78. The trade was a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 137,837 shares of company stock valued at $1,836,543. 2.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arlo Technologies

Several hedge funds have recently added to or reduced their stakes in ARLO. BlackRock Inc. bought a new stake in Arlo Technologies during the 2nd quarter worth about $235,992,000. Wasatch Advisors LP lifted its holdings in Arlo Technologies by 9.0% in the second 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 acquired a new position in Arlo Technologies in the second quarter valued at approximately $50,320,000. Jupiter Topco LLC acquired a new position in Arlo Technologies in the second quarter valued at approximately $34,557,000. Finally, Primecap Management Co. CA bought a new position in Arlo Technologies in the second quarter valued at approximately $26,183,000. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Stock Up 4.7%

Shares of NYSE ARLO opened at $12.38 on Tuesday. Arlo Technologies has a 12-month low of $11.05 and a 12-month high of $19.94. The firm’s 50-day simple moving average is $13.20 and its 200 day simple moving average is $13.44. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 56.29 and a beta of 1.60.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $148.94 million. During the same quarter last year, the company posted $0.17 EPS. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. 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. On average, equities analysts expect that Arlo Technologies will post 0.12 earnings per share for the current year.

About Arlo Technologies

Arlo Technologies, Inc develops connected smart home security products and services. Its portfolio includes wire-free and wired security cameras, video doorbells, floodlight cameras, baby monitors and related accessories designed for residential and small-business use.

The company combines its hardware with cloud-based software and subscription services, including Arlo Secure. These services provide features such as video storage, activity notifications, person, vehicle and package detection, emergency response options and other monitoring and security capabilities, depending on the product and service plan.

Arlo was established as a standalone company following its separation from Netgear and became an independent publicly traded company in 2018.