Arlo Technologies, Inc. (NYSE:ARLO) Receives $20.60 Average Price Target from Brokerages

Arlo Technologies, Inc. (NYSE:ARLO) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $20.60.

Several research analysts have recently commented on the company. 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. Wall Street Zen upgraded Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. William Blair began coverage on Arlo Technologies in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. UBS Group set a $20.00 price target on Arlo Technologies in a research note on Monday, May 18th. Finally, Piper Sandler boosted their price objective on Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, August 7th.

Arlo Technologies Stock Down 0.1%

ARLO opened at $12.88 on Monday. The stock has a market cap of $1.40 billion, a PE ratio of 47.71 and a beta of 1.56. Arlo Technologies has a 52 week low of $11.05 and a 52 week high of $19.94. The business’s fifty day simple moving average is $13.58 and its 200 day simple moving average is $13.53.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) 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 analyst estimates of $148.94 million. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The company’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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, equities analysts anticipate that Arlo Technologies will post 0.12 earnings per share for the current year.

Insider Activity at Arlo Technologies

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 27,297 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total transaction of $423,649.44. Following the completion of the sale, the chief financial officer owned 442,110 shares of the company’s stock, valued at $6,861,547.20. This represents a 5.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,775 shares of company stock valued at $845,139 over the last quarter. 2.90% of the stock is owned by insiders.

Institutional Trading of Arlo Technologies

A number of institutional investors have recently modified their holdings of ARLO. BlackRock Inc. purchased a new position in Arlo Technologies during the 2nd quarter valued at about $235,992,000. Vanguard Group Inc. increased its stake in shares of Arlo Technologies by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 10,691,336 shares of the company’s stock valued at $149,572,000 after buying an additional 32,770 shares during the period. Brandes Investment Partners LP raised its holdings in shares of Arlo Technologies by 27.6% during the fourth quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock valued at $114,700,000 after acquiring an additional 1,772,063 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Arlo Technologies by 9.0% during the second quarter. Wasatch Advisors LP now owns 5,915,935 shares of the company’s stock valued at $79,747,000 after acquiring an additional 489,668 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Arlo Technologies by 5.3% during 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 in 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 (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.