Analysts Set Arlo Technologies, Inc. (NYSE:ARLO) PT at $23.00

Shares of Arlo Technologies, Inc. (NYSE:ARLO) have received an average rating of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $23.00.

A number of brokerages have issued reports on ARLO. Raymond James Financial reaffirmed an “outperform” rating and issued a $22.00 price objective (up from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. Wall Street Zen downgraded shares of Arlo Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday. Zacks Research raised shares of Arlo Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. BWS Financial reaffirmed a “buy” rating and issued a $26.00 price objective (up from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Arlo Technologies in a research report on Saturday, September 27th.

Arlo Technologies Price Performance

NYSE:ARLO opened at $17.28 on Friday. The firm has a 50-day moving average of $17.20 and a 200-day moving average of $14.66. The company has a market cap of $1.80 billion, a PE ratio of -246.75 and a beta of 1.72. Arlo Technologies has a one year low of $7.84 and a one year high of $19.25.

Arlo Technologies (NYSE:ARLO) last posted its earnings results on Thursday, August 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $129.41 million during the quarter, compared to the consensus estimate of $123.33 million. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, equities research analysts expect that Arlo Technologies will post -0.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 95,430 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $16.99, for a total value of $1,621,355.70. Following the transaction, the chief executive officer directly owned 1,747,591 shares in the company, valued at $29,691,571.09. The trade was a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Brian Busse sold 9,171 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $16.99, for a total transaction of $155,815.29. Following the completion of the transaction, the general counsel owned 669,376 shares in the company, valued at approximately $11,372,698.24. The trade was a 1.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,313,009 shares of company stock valued at $22,809,236. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Arlo Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 9,953,767 shares of the company’s stock valued at $98,244,000 after acquiring an additional 132,350 shares during the last quarter. Wasatch Advisors LP boosted its stake in Arlo Technologies by 30.1% in the second quarter. Wasatch Advisors LP now owns 4,678,880 shares of the company’s stock valued at $79,354,000 after acquiring an additional 1,082,443 shares during the last quarter. State Street Corp boosted its stake in Arlo Technologies by 5.3% in the second quarter. State Street Corp now owns 4,272,925 shares of the company’s stock valued at $72,469,000 after acquiring an additional 215,867 shares during the last quarter. Geode Capital Management LLC boosted its stake in Arlo Technologies by 2.7% in the second quarter. Geode Capital Management LLC now owns 2,347,314 shares of the company’s stock valued at $39,815,000 after acquiring an additional 60,838 shares during the last quarter. Finally, Emerald Advisers LLC boosted its stake in Arlo Technologies by 4.2% in the second quarter. Emerald Advisers LLC now owns 1,749,984 shares of the company’s stock valued at $29,680,000 after acquiring an additional 70,195 shares during the last quarter. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

Arlo Technologies Company Profile

Arlo Technologies, Inc, together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers Arlo Essential Cameras and Doorbells (2nd Generation) delivers smart home protection, including automated privacy shield, 180-degree field of view, and 2K video resolution; Arlo Home Security System, an all-in-one multi-sensor that provides access to security experts for monitoring and responding to emergency situations; Arlo Pro 5S, a wireless 2K video resolution security camera; Arlo Go 2, a camera for monitoring remote areas, large properties, construction sites, vacation homes, boat or RV slips, and hard-to-access areas; Arlo Ultra 2 provides 4K video with HDR, an ultra-wide, 180-degree field of view, auto zoom and tracking on moving objects, and color night vision; and Arlo Floodlight Camera, a wire-free floodlight camera.