Arlo Technologies (NYSE:ARLO) Rating Increased to Strong-Buy at Wall Street Zen

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

ARLO has been the subject of several other research reports. Craig Hallum raised their price objective on shares of Arlo Technologies from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, August 8th. BWS Financial restated a “buy” rating and set a $26.00 price objective (up previously from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. Zacks Research upgraded shares of Arlo Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. Finally, Raymond James Financial restated an “outperform” rating and set a $22.00 price objective (up previously from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $23.00.

Arlo Technologies Trading Up 2.5%

Arlo Technologies stock opened at $18.53 on Friday. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -264.68 and a beta of 1.75. The company’s 50-day moving average price is $17.05 and its two-hundred day moving average price is $14.26. Arlo Technologies has a 52 week low of $7.84 and a 52 week high of $19.25.

Arlo Technologies (NYSE:ARLO) last released its earnings results on Thursday, August 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $129.41 million for the quarter, compared to analysts’ expectations of $123.33 million. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. Arlo Technologies’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. Research analysts expect that Arlo Technologies will post -0.29 earnings per share for the current fiscal year.

Insider Activity at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 113,912 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $18.56, for a total transaction of $2,114,206.72. Following the completion of the sale, the chief financial officer directly owned 809,615 shares in the company, valued at approximately $15,026,454.40. This trade represents a 12.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $17.40, for a total transaction of $9,057,691.80. Following the sale, the chief executive officer owned 1,621,835 shares of the company’s stock, valued at approximately $28,219,929. This represents a 24.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,440,345 shares of company stock valued at $24,995,624. 3.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arlo Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARLO. First Horizon Advisors Inc. raised its position in Arlo Technologies by 161.4% during the second quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company’s stock valued at $55,000 after acquiring an additional 1,988 shares in the last quarter. Strs Ohio bought a new position in Arlo Technologies during the first quarter valued at approximately $66,000. GAMMA Investing LLC raised its position in Arlo Technologies by 40.9% during the first quarter. GAMMA Investing LLC now owns 7,212 shares of the company’s stock valued at $71,000 after acquiring an additional 2,095 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Arlo Technologies by 1,682.9% during the second quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock valued at $95,000 after acquiring an additional 5,301 shares in the last quarter. Finally, Magnetar Financial LLC bought a new position in Arlo Technologies during the first quarter valued at approximately $117,000. Institutional investors own 83.18% of the company’s stock.

About Arlo Technologies

Arlo Technologies, Inc, together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers Arlo Essential Cameras and Doorbells (2nd Generation) delivers smart home protection, including automated privacy shield, 180-degree field of view, and 2K video resolution; Arlo Home Security System, an all-in-one multi-sensor that provides access to security experts for monitoring and responding to emergency situations; Arlo Pro 5S, a wireless 2K video resolution security camera; Arlo Go 2, a camera for monitoring remote areas, large properties, construction sites, vacation homes, boat or RV slips, and hard-to-access areas; Arlo Ultra 2 provides 4K video with HDR, an ultra-wide, 180-degree field of view, auto zoom and tracking on moving objects, and color night vision; and Arlo Floodlight Camera, a wire-free floodlight camera.