Arlo Technologies, Inc. (NYSE:ARLO) Receives $22.33 Average PT from Analysts

Shares of Arlo Technologies, Inc. (NYSE:ARLO) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $21.40.

Several research firms have issued reports on ARLO. Oppenheimer began coverage on shares of Arlo Technologies in a research note on Monday. They set an “outperform” rating and a $20.00 price target on the stock. Weiss Ratings raised shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 price target on shares of Arlo Technologies in a research note on Friday, May 8th. Finally, UBS Group set a $20.00 price target on shares of Arlo Technologies in a research note on Monday.

Insiders Place Their Bets

In other news, CFO Kurtis Joseph Binder sold 65,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $15.70, for a total transaction of $1,020,500.00. Following the transaction, the chief financial officer directly owned 499,885 shares in the company, valued at $7,848,194.50. This represents a 11.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brian Busse sold 25,525 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $13.78, for a total transaction of $351,734.50. Following the transaction, the general counsel owned 583,364 shares in the company, valued at approximately $8,038,755.92. The trade was a 4.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 530,478 shares of company stock valued at $7,542,693 in the last ninety days. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Arlo Technologies by 20.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 11,281 shares of the company’s stock worth $161,000 after acquiring an additional 1,884 shares during the period. Readystate Asset Management LP purchased a new position in shares of Arlo Technologies during the 1st quarter worth about $142,000. Royal Bank of Canada lifted its holdings in shares of Arlo Technologies by 97.7% during the 1st quarter. Royal Bank of Canada now owns 63,100 shares of the company’s stock worth $899,000 after acquiring an additional 31,189 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Arlo Technologies by 154.7% during the 1st quarter. Lazard Asset Management LLC now owns 114,335 shares of the company’s stock worth $1,627,000 after acquiring an additional 69,440 shares during the period. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Arlo Technologies by 2.3% during the 1st quarter. Rice Hall James & Associates LLC now owns 3,659,888 shares of the company’s stock worth $52,080,000 after acquiring an additional 83,276 shares during the period. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

Arlo Technologies Trading Up 5.6%

Shares of NYSE ARLO opened at $13.01 on Friday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 48.17 and a beta of 1.60. Arlo Technologies has a 52 week low of $11.05 and a 52 week high of $19.94. The company’s 50-day moving average price is $14.05 and its 200 day moving average price is $13.97.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The company had revenue of $150.38 million for the quarter, compared to analysts’ expectations of $139.73 million. During the same period last year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. As a group, research analysts expect that Arlo Technologies will post 0.16 earnings per share for the current year.

Arlo Technologies announced that its board has initiated a stock buyback program on Wednesday, March 4th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.