Arlo Technologies, Inc. (NYSE:ARLO) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Arlo Technologies, Inc. (NYSE:ARLO) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $20.60.

ARLO has been the subject of several research analyst reports. Weiss Ratings cut Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. Piper Sandler raised their price objective on shares of Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. William Blair started coverage on shares of Arlo Technologies in a report on Tuesday, July 7th. They set an “outperform” rating on the stock. Finally, Wall Street Zen upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th.

Insider Activity

In other news, CFO Kurtis Binder sold 13,358 shares of Arlo Technologies stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $12.58, for a total transaction of $168,043.64. Following the completion of the sale, the chief financial officer directly owned 345,541 shares in the company, valued at approximately $4,346,905.78. This trade represents a 3.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 137,837 shares of company stock worth $1,836,543. 2.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arlo Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Arlo Technologies by 0.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 175,788 shares of the company’s stock worth $2,370,000 after buying an additional 794 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Arlo Technologies by 15.7% in the 3rd quarter. GAMMA Investing LLC now owns 6,647 shares of the company’s stock worth $82,000 after buying an additional 904 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Arlo Technologies by 12.2% in the 1st quarter. Cetera Investment Advisers now owns 15,253 shares of the company’s stock worth $217,000 after buying an additional 1,657 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Arlo Technologies by 20.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 11,281 shares of the company’s stock valued at $161,000 after acquiring an additional 1,884 shares during the last quarter. Finally, OLD National Bancorp IN grew its stake in Arlo Technologies by 17.4% in the 1st quarter. OLD National Bancorp IN now owns 13,238 shares of the company’s stock valued at $188,000 after acquiring an additional 1,966 shares during the last quarter. 83.18% of the stock is owned by institutional investors and hedge funds.

Arlo Technologies Trading Down 2.1%

Arlo Technologies stock opened at $12.18 on Tuesday. The stock has a 50 day moving average of $13.14 and a two-hundred day moving average of $13.43. Arlo Technologies has a twelve month low of $11.05 and a twelve month high of $19.94. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 45.09 and a beta of 1.60.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. Arlo Technologies’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the firm 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. Equities analysts predict that Arlo Technologies will post 0.12 earnings per share for the current year.

About Arlo Technologies

Arlo Technologies, Inc develops connected smart home security products and services. Its portfolio includes wire-free and wired security cameras, video doorbells, floodlight cameras, baby monitors and related accessories designed for residential and small-business use.

The company combines its hardware with cloud-based software and subscription services, including Arlo Secure. These services provide features such as video storage, activity notifications, person, vehicle and package detection, emergency response options and other monitoring and security capabilities, depending on the product and service plan.

Arlo was established as a standalone company following its separation from Netgear and became an independent publicly traded company in 2018.