Arlo Technologies, Inc. (NYSE:ARLO) Receives Consensus Rating of “Moderate Buy” from Analysts

Arlo Technologies, Inc. (NYSE:ARLO) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $21.40.

ARLO has been the subject of several recent research reports. UBS Group set a $20.00 price objective on Arlo Technologies in a research note on Monday, May 18th. Oppenheimer initiated coverage on Arlo Technologies in a research note on Monday, May 18th. They issued an “outperform” rating and a $20.00 price objective for the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of Arlo Technologies in a research note on Friday, May 8th. Finally, Weiss Ratings raised Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th.

Insider Activity

In related news, CFO Kurtis Joseph Binder sold 179,419 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $13.78, for a total value of $2,472,393.82. Following the sale, the chief financial officer directly owned 614,885 shares in the company, valued at $8,473,115.30. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Brian Busse sold 25,525 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $13.78, for a total value of $351,734.50. Following the completion of the sale, the general counsel owned 583,364 shares in the company, valued at $8,038,755.92. The trade was a 4.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 473,377 shares of company stock valued at $6,688,435 over the last quarter. 2.90% of the stock is owned by company insiders.

Institutional Trading of Arlo Technologies

Several institutional investors have recently added to or reduced their stakes in ARLO. Smartleaf Asset Management LLC boosted its holdings in Arlo Technologies by 86.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock valued at $28,000 after acquiring an additional 747 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Arlo Technologies by 763.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock valued at $28,000 after acquiring an additional 1,748 shares during the last quarter. Quarry LP boosted its holdings 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 acquiring an additional 783 shares during the last quarter. Strs Ohio bought a new stake in Arlo Technologies in the first quarter valued at approximately $66,000. Finally, Quadrant Capital Group LLC bought a new stake in Arlo Technologies in the third quarter valued at approximately $86,000. 83.18% of the stock is currently owned by institutional investors.

Arlo Technologies Price Performance

Arlo Technologies stock opened at $12.78 on Wednesday. The business has a 50 day moving average of $13.71 and a 200-day moving average of $13.61. Arlo Technologies has a 1 year low of $11.05 and a 1 year high of $19.94. The company has a market capitalization of $1.39 billion, a P/E ratio of 47.35 and a beta of 1.55.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. Arlo Technologies had a return on equity of 18.66% and a net margin of 5.47%.The company had revenue of $150.38 million during the quarter, compared to the consensus estimate of $139.73 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The firm’s revenue was up 26.3% compared to the same quarter last year. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. Equities analysts anticipate that Arlo Technologies will post 0.2 EPS for the current year.

Arlo Technologies declared that its board has initiated a stock buyback plan on Wednesday, March 4th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.