Arlo Technologies, Inc. (NYSE:ARLO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Arlo Technologies, Inc. (NYSE:ARLO) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $21.40.

A number of brokerages have issued reports on ARLO. Weiss Ratings raised Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Oppenheimer began coverage on Arlo Technologies in a 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 set a $19.00 price objective on shares of Arlo Technologies in a report on Friday, May 8th. Finally, UBS Group set a $20.00 price objective on Arlo Technologies in a report on Monday, May 18th.

Arlo Technologies Price Performance

Shares of ARLO stock opened at $13.29 on Wednesday. The stock has a market cap of $1.44 billion, a P/E ratio of 49.21 and a beta of 1.55. Arlo Technologies has a one year low of $11.05 and a one year high of $19.94. The stock has a fifty day moving average price of $13.60 and a 200 day moving average price of $13.59.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. The firm had revenue of $150.38 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business earned $0.15 earnings per share. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. Equities research analysts anticipate that Arlo Technologies will post 0.2 EPS for the current year.

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

Insider Buying and Selling at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 65,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer directly owned 499,885 shares in the company, valued at approximately $7,848,194.50. This trade represents a 11.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 three months. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Arlo Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Arlo Technologies by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 10,691,336 shares of the company’s stock valued at $149,572,000 after buying an additional 32,770 shares in the last quarter. Brandes Investment Partners LP increased its position in Arlo Technologies by 27.6% in the fourth quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock worth $114,700,000 after purchasing an additional 1,772,063 shares during the period. Wasatch Advisors LP increased its position in Arlo Technologies by 17.7% in the third quarter. Wasatch Advisors LP now owns 5,505,467 shares of the company’s stock worth $93,318,000 after purchasing an additional 826,587 shares during the period. State Street Corp increased its position in Arlo Technologies by 5.3% in the second quarter. State Street Corp now owns 4,272,925 shares of the company’s stock worth $72,469,000 after purchasing an additional 215,867 shares during the period. Finally, Rice Hall James & Associates LLC increased its position in Arlo Technologies by 2.3% in the first quarter. Rice Hall James & Associates LLC now owns 3,659,888 shares of the company’s stock worth $52,080,000 after purchasing an additional 83,276 shares during the period. 83.18% of the stock is currently owned by institutional investors and hedge funds.

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.