Wall Street Zen upgraded shares of Arlo Technologies (NYSE:ARLO – Free Report) from a buy rating to a strong-buy rating in a research report released on Saturday morning.
ARLO has been the subject of several other research reports. Oppenheimer began coverage on shares of Arlo Technologies in a research report on Monday, May 18th. They set an “outperform” rating and a $20.00 price objective for the company. Raymond James Financial reissued an “outperform” rating and issued a $19.00 target price on shares of Arlo Technologies in a report on Friday, May 8th. Weiss Ratings lowered shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. William Blair initiated coverage on shares of Arlo Technologies in a research report on Tuesday, July 7th. They issued an “outperform” rating for the company. Finally, UBS Group set a $20.00 price target on shares of Arlo Technologies in a report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.60.
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Arlo Technologies Price Performance
Arlo Technologies (NYSE:ARLO – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $155.94 million during the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $0.17 EPS. 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. On average, equities analysts expect that Arlo Technologies will post 0.12 EPS 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 on Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total value of $423,649.44. Following the completion of the transaction, the chief financial officer directly owned 442,110 shares in the company, valued at approximately $6,861,547.20. This represents a 5.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 57,775 shares of company stock valued at $845,139. 2.90% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Arlo Technologies
A number of institutional investors and hedge funds have recently bought and sold shares of ARLO. Hantz Financial Services Inc. raised its position 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 purchasing an additional 1,748 shares during the last quarter. Continuum Advisory LLC acquired a new stake in shares of Arlo Technologies during the second quarter valued at about $28,000. Quarry LP grew 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 purchasing an additional 783 shares during the last quarter. Strs Ohio bought a new stake in shares of Arlo Technologies during the first quarter worth about $66,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Arlo Technologies in the third quarter valued at approximately $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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