Arlo Technologies (NYSE:ARLO) Rating Lowered to “Buy” at Wall Street Zen

Arlo Technologies (NYSE:ARLO) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

Other analysts have also issued research reports about the company. Piper Sandler lowered their price target on Arlo Technologies from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Tuesday, October 20th. Weiss Ratings lowered Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Finally, William Blair started coverage on shares of Arlo Technologies in a report on Tuesday, July 7th. They issued an “outperform” rating for the company. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.20.

Arlo Technologies Trading Down 0.3%

Shares of NYSE:ARLO opened at $14.42 on Friday. Arlo Technologies has a 12 month low of $11.05 and a 12 month high of $19.37. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 53.41 and a beta of 1.59. The company has a 50-day moving average price of $12.96 and a 200-day moving average price of $13.38.

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

Insider Activity

In related news, CFO Kurtis Binder sold 13,358 shares of Arlo Technologies 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 directly owned 345,541 shares of the company’s stock, valued at $4,346,905.78. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 three months, insiders have sold 123,866 shares of company stock valued at $1,626,838. 2.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arlo Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in shares of Arlo Technologies by 44.2% during the third quarter. Covestor Ltd now owns 3,029 shares of the company’s stock worth $38,000 after buying an additional 929 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Arlo Technologies in the 3rd quarter valued at $175,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Arlo Technologies during the 3rd quarter worth about $248,000. Choreo LLC grew its holdings in shares of Arlo Technologies by 7.4% during the third quarter. Choreo LLC now owns 13,695 shares of the company’s stock worth $170,000 after purchasing an additional 943 shares in the last quarter. Finally, Smith Group Asset Management LLC lifted its position in Arlo Technologies by 1.6% during the third quarter. Smith Group Asset Management LLC now owns 54,810 shares of the company’s stock valued at $680,000 after purchasing an additional 866 shares during the period. 83.18% of the stock is owned by institutional investors.

Arlo Technologies Company Profile

Arlo Technologies, Inc is a smart home security company that develops connected devices and cloud-based services designed to help consumers monitor and protect their homes, businesses and other properties. Its product portfolio includes wire-free and wired security cameras, video doorbells, floodlight cameras, home security systems and related accessories.

Arlo’s products typically connect through mobile applications and cloud services, providing features such as live video, motion detection, two-way audio, night vision and notifications.