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

Key Points

• Arlo Technologies has received a consensus rating of "Moderate Buy" from five brokerages, with one analyst rating it a sell, three a buy, and one a strong buy.
• The company's stock price target averages $23.00, with Raymond James recently raising its target price to $22.00 and BWS Financial to $26.00.
• Insider trading showed significant activity with the CFO selling 135,494 shares and the CEO selling 520,557 shares, indicating a decrease in ownership by both executives.

Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $23.00.

Several research analysts recently issued reports on the stock. Raymond James Financial reissued an "outperform" rating and set a $22.00 target price (up from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. BWS Financial reissued 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. Weiss Ratings reissued a "sell (d-)" rating on shares of Arlo Technologies in a research report on Saturday, September 27th. Wall Street Zen upgraded Arlo Technologies from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 21st. Finally, Zacks Research upgraded Arlo Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th.

Insider Activity at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 135,494 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $16.89, for a total value of $2,288,493.66. Following the transaction, the chief financial officer owned 467,681 shares in the company, valued at $7,899,132.09. This trade represents a 22.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $17.40, for a total value of $9,057,691.80. Following the completion of the transaction, the chief executive officer owned 1,621,835 shares in the company, valued at $28,219,929. This represents a 24.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,313,009 shares of company stock valued at $22,809,236. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arlo Technologies

A number of hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. raised its position in shares of Arlo Technologies by 161.4% in the second quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company's stock valued at $55,000 after purchasing an additional 1,988 shares during the period. Strs Ohio bought a new stake in shares of Arlo Technologies during the 1st quarter valued at $66,000. GAMMA Investing LLC raised its stake in shares of Arlo Technologies by 40.9% during the 1st quarter. GAMMA Investing LLC now owns 7,212 shares of the company's stock valued at $71,000 after purchasing an additional 2,095 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Arlo Technologies by 1,682.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company's stock valued at $95,000 after purchasing an additional 5,301 shares during the period. Finally, Magnetar Financial LLC bought a new stake in shares of Arlo Technologies during the first quarter valued at about $117,000. Institutional investors own 83.18% of the company's stock.

Arlo Technologies Price Performance

Shares of ARLO traded up $0.20 during trading hours on Friday, hitting $17.28. 873,458 shares of the stock were exchanged, compared to its average volume of 1,131,593. The firm has a market capitalization of $1.80 billion, a P/E ratio of -246.75 and a beta of 1.72. The business has a 50-day moving average of $17.18 and a 200-day moving average of $14.56. Arlo Technologies has a fifty-two week low of $7.84 and a fifty-two week high of $19.25.

Arlo Technologies (NYSE:ARLO - Get Free Report) last announced 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 company had revenue of $129.41 million for the quarter, compared to analyst estimates of $123.33 million. Arlo Technologies had a negative return on equity of 6.69% and a negative net margin of 1.38%.The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. As a group, analysts forecast that Arlo Technologies will post -0.29 earnings per share for the current fiscal year.

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.

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