Wall Street Zen Upgrades Arlo Technologies (NYSE:ARLO) to “Strong-Buy”

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

A number of other research firms have also recently weighed in on ARLO. Oppenheimer began coverage on Arlo Technologies in a research note on Monday, May 18th. They issued an “outperform” rating and a $20.00 price target on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Arlo Technologies in a research report on Friday, May 8th. UBS Group set a $20.00 price objective on shares of Arlo Technologies in a report on Monday, May 18th. Weiss Ratings lowered shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. Finally, William Blair started coverage on shares of Arlo Technologies in a research report on Tuesday, July 7th. They issued an “outperform” rating on the stock. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.60.

Arlo Technologies Stock Performance

Arlo Technologies stock opened at $13.07 on Friday. The stock has a 50-day simple moving average of $13.58 and a 200 day simple moving average of $13.51. The stock has a market capitalization of $1.42 billion, a P/E ratio of 48.41 and a beta of 1.56. Arlo Technologies has a 52 week low of $11.05 and a 52 week high of $19.94.

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

Insider Activity at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 27,297 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total transaction of $423,649.44. Following the transaction, the chief financial officer owned 442,110 shares in the company, valued at approximately $6,861,547.20. This trade represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,775 shares of company stock valued at $845,139 over the last 90 days. 2.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Arlo Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its holdings in Arlo Technologies by 763.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock valued at $28,000 after buying an additional 1,748 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of Arlo Technologies during the second quarter worth $28,000. Quarry LP lifted its holdings in shares of Arlo Technologies by 42.0% during the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after buying an additional 783 shares in the last quarter. Strs Ohio bought a new stake in shares of Arlo Technologies in the first quarter valued at about $66,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of Arlo Technologies in the third quarter valued at about $86,000. 83.18% of the stock is currently owned by institutional investors.

About Arlo Technologies

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.