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

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

A number of research firms recently issued reports on ARLO. UBS Group set a $20.00 price objective on Arlo Technologies in a report on Monday, May 18th. Weiss Ratings raised Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Oppenheimer assumed coverage on shares of Arlo Technologies in a research note on Monday, May 18th. They set an “outperform” rating and a $20.00 price target for the company. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $19.00 price objective on shares of Arlo Technologies in a report on Friday, May 8th.

Insider Buying and Selling

In related news, CFO Kurtis Joseph Binder sold 65,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $15.70, for a total value of $1,020,500.00. Following the completion of the transaction, the chief financial officer owned 499,885 shares of the company’s stock, valued at approximately $7,848,194.50. This trade represents a 11.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 115,000 shares of company stock worth $1,750,000 in the last ninety days. Corporate insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Arlo Technologies

Hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. raised its holdings in Arlo Technologies by 763.3% during the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after acquiring an additional 1,748 shares in the last quarter. Quarry LP grew its stake in Arlo Technologies by 42.0% in the third quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after purchasing an additional 783 shares in the last quarter. Strs Ohio bought a new position in Arlo Technologies in the first quarter valued at approximately $66,000. Quadrant Capital Group LLC acquired a new position in shares of Arlo Technologies during the 3rd quarter worth approximately $86,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Arlo Technologies by 1,682.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock worth $95,000 after purchasing an additional 5,301 shares during the last quarter. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Trading Down 0.0%

ARLO opened at $12.98 on Friday. The stock has a market capitalization of $1.41 billion, a P/E ratio of 48.06 and a beta of 1.55. Arlo Technologies has a 12 month low of $11.05 and a 12 month high of $19.94. The firm’s fifty day simple moving average is $13.28 and its 200 day simple moving average is $13.47.

Arlo Technologies (NYSE:ARLO) last released its earnings results 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 firm had revenue of $150.38 million during the quarter, compared to analysts’ expectations of $139.72 million. Arlo Technologies had a return on equity of 18.66% and a net margin of 5.47%.The company’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. On average, equities research analysts predict that Arlo Technologies will post 0.2 EPS for the current fiscal 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.