Arlo Technologies (NYSE:ARLO) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Arlo Technologies to “strong buy” from “buy.” Overall, analysts maintain a “Moderate Buy” consensus with a $20.60 average price target.
• Arlo’s latest quarterly results exceeded expectations, with adjusted EPS of $0.28 versus the $0.20 consensus and revenue of $155.94 million versus $148.94 million expected; revenue grew 20.5% year over year.
• Shares opened at $13.07, well below the consensus price target, while insiders sold 57,775 shares worth approximately $845,139 over the last quarter. Institutional investors own 83.18% of the company.

Arlo Technologies (NYSE:ARLO - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler boosted their price target on shares of Arlo Technologies from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. William Blair began coverage on shares of Arlo Technologies in a research report on Tuesday, July 7th. They set an "outperform" rating for the company. Raymond James Financial reissued an "outperform" rating and issued a $19.00 price objective on shares of Arlo Technologies in a research note on Friday, May 8th. Weiss Ratings downgraded shares of Arlo Technologies from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, August 3rd. Finally, Oppenheimer assumed coverage on shares of Arlo Technologies in a research report on Monday, May 18th. They set an "outperform" rating and a $20.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.60.

Arlo Technologies Trading Up 0.2%

Shares of Arlo Technologies stock opened at $13.07 on Friday. The firm has a market cap of $1.42 billion, a PE ratio of 48.41 and a beta of 1.56. The stock has a 50 day moving average of $13.58 and a 200 day moving average of $13.51. Arlo Technologies has a 12 month low of $11.05 and a 12 month high of $19.94.

Arlo Technologies (NYSE:ARLO - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.08. The business had revenue of $155.94 million for the quarter, compared to the consensus estimate of $148.94 million. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The company's revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, equities research analysts forecast that Arlo Technologies will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 27,297 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total value of $423,649.44. Following the completion of the sale, the chief financial officer owned 442,110 shares in the company, valued at approximately $6,861,547.20. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 57,775 shares of company stock valued at $845,139 over the last quarter. Corporate 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 added to or reduced their stakes in ARLO. Hantz Financial Services Inc. boosted its position in shares of Arlo Technologies by 763.3% during the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company's stock valued at $28,000 after buying an additional 1,748 shares during the period. Continuum Advisory LLC purchased a new stake in shares of Arlo Technologies in the second quarter worth approximately $28,000. Quarry LP lifted its stake in shares of Arlo Technologies by 42.0% during the 3rd quarter. Quarry LP now owns 2,649 shares of the company's stock worth $45,000 after acquiring an additional 783 shares during the last quarter. Strs Ohio bought a new stake in shares of Arlo Technologies during the 1st quarter worth approximately $66,000. Finally, Quadrant Capital Group LLC purchased a new position in Arlo Technologies during the 3rd quarter valued at $86,000. 83.18% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source