Arlo Technologies, Inc. (NYSE:ARLO – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $20.60.
Several analysts have weighed in on ARLO shares. Wall Street Zen raised Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Piper Sandler lifted their price target on Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. UBS Group set a $20.00 price objective on shares of Arlo Technologies in a research report on Monday, May 18th. William Blair started coverage on shares of Arlo Technologies in a report on Tuesday, July 7th. They set an “outperform” rating for the company. Finally, Oppenheimer assumed coverage on shares of Arlo Technologies in a research report on Monday, May 18th. They set an “outperform” rating and a $20.00 target price for the company.
Read Our Latest Report on ARLO
Arlo Technologies Stock Down 1.5%
Arlo Technologies (NYSE:ARLO – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.08. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The company had revenue of $155.94 million during the quarter, compared to the consensus estimate of $148.94 million. During the same period last year, the firm earned $0.17 EPS. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. 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. Equities analysts anticipate that Arlo Technologies will post 0.12 earnings per share for the current year.
Insider Activity at Arlo Technologies
In related news, CFO Kurtis Joseph Binder sold 27,297 shares of Arlo Technologies 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 completion of the transaction, the chief financial officer directly owned 442,110 shares in the company, valued at $6,861,547.20. The trade was a 5.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 in the last quarter. 2.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Arlo Technologies
Large investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its holdings in shares of Arlo Technologies by 763.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after acquiring an additional 1,748 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of Arlo Technologies in the second quarter valued at $28,000. Quarry LP boosted its stake in shares of Arlo Technologies by 42.0% during 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 acquired a new stake in shares of Arlo Technologies during the first quarter valued at $66,000. Finally, Quadrant Capital Group LLC purchased a new stake in Arlo Technologies during the 3rd quarter worth about $86,000. Institutional investors and hedge funds own 83.18% of the company’s stock.
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.
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