Arlo Technologies, Inc. (NYSE:ARLO) Receives $21.40 Consensus PT from Analysts

Shares of Arlo Technologies, Inc. (NYSE:ARLOGet Free Report) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $21.40.

A number of research firms recently issued reports on ARLO. Raymond James Financial reiterated an “outperform” rating and set a $19.00 price objective on shares of Arlo Technologies in a report on Friday, May 8th. Oppenheimer started coverage on Arlo Technologies in a research note on Monday, May 18th. They issued an “outperform” rating and a $20.00 price target for the company. Weiss Ratings upgraded Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, UBS Group set a $20.00 price target on Arlo Technologies in a research note on Monday, May 18th.

Get Our Latest Stock Analysis on Arlo Technologies

Insiders Place Their Bets

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 65,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $15.70, for a total value of $1,020,500.00. Following the completion of the transaction, the chief financial officer directly owned 499,885 shares in the company, valued at $7,848,194.50. This trade represents a 11.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 115,000 shares of company stock valued at $1,750,000 in the last ninety days. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Brandes Investment Partners LP lifted its position in shares of Arlo Technologies by 27.6% in the fourth quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock valued at $114,700,000 after buying an additional 1,772,063 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Arlo Technologies by 778.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,884,616 shares of the company’s stock valued at $31,944,000 after buying an additional 1,670,156 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of 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 buying an additional 1,082,443 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Arlo Technologies by 69.1% in the third quarter. Marshall Wace LLP now owns 2,554,457 shares of the company’s stock valued at $43,298,000 after buying an additional 1,043,854 shares during the last quarter. Finally, Granahan Investment Management LLC lifted its position in shares of Arlo Technologies by 245.6% in the first quarter. Granahan Investment Management LLC now owns 1,169,490 shares of the company’s stock valued at $16,642,000 after buying an additional 831,108 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors.

Arlo Technologies Stock Performance

NYSE:ARLO opened at $12.95 on Wednesday. The company has a market cap of $1.41 billion, a PE ratio of 47.95 and a beta of 1.55. Arlo Technologies has a 52-week low of $11.05 and a 52-week high of $19.94. The stock has a 50-day simple moving average of $13.63 and a 200 day simple moving average of $13.60.

Arlo Technologies (NYSE:ARLOGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $150.38 million during the quarter, compared to the consensus estimate of $139.73 million. Arlo Technologies had a return on equity of 18.66% and a net margin of 5.47%.Arlo Technologies’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. On average, research analysts predict that Arlo Technologies will post 0.2 earnings per share for the current fiscal year.

Arlo Technologies declared that its board has authorized a share buyback plan on Wednesday, March 4th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Arlo Technologies Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Arlo Technologies (NYSE:ARLO)

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